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To: carranza2 who wrote (1447)5/2/2008 12:00:17 PM
From: FJB  Respond to of 1575
 
Sonus Bonus
MAY 01, 2008
Discuss > Share >
lightreading.com

2:35 PM -- While shareholders saw the value of Sonus Networks Inc. (Nasdaq: SONS - message board) stock drop by nearly 18 percent in 2007 -- it started the year at $7.08 and closed the year at $5.83 -- the VOIP vendor's CEO, Hassan Ahmed, fared rather better.

A filing made this week with the Securities and Exchange Commission (SEC) showed that Ahmed's remuneration package of salary and bonuses (cash and stock) grew by 340 percent in 2007 compared with 2006.

In 2007, Ahmed's package totaled $3,200,970, compared with $727,323 in 2006.

The big leap came mostly as a result of an enormous leap in the value of stock options awarded to Ahmed: In 2007 those options were worth just over $2.2 million, compared with just $7,930 in 2006.

Sonus's share price currently stands at $4.00.

Why were we poking around Sonus's SEC filings, you might ask? Well, because we were digging up a nugget that shows the VOIP vendor is on the cusp of landing a potentially lucrative deal with pan-European operator COLT Telecom Group plc (Nasdaq: COLT - message board; London: CTM.L). (See Sonus Nears NGN Role at Colt.)

— Ray Le Maistre, International News Editor, Light Reading





To: carranza2 who wrote (1447)5/2/2008 2:35:17 PM
From: quartersawyer  Read Replies (1) | Respond to of 1575
 
First time I've noted a more activist filing.

OK. That comparative activist context is important.

Searching other 13D's there is similar language in the context of a subsequent SEC enforcement action related to insufficient disclosure (but that SEC action was for a dissimilar condition... a company planning to take control, not just have more active influence)

In the Schedule 13D, Wilkerson disclosed in boilerplate fashion that he was "considering various alternative courses of action with respect to the management and ongoing operations of the Issuer" and that he may engage in one or more of the following activities: (i) the acquisition of additional BCTI stock; (ii) the acquisition of all or substantially all of BCTI's assets or the remaining outstanding BCTI stock (whether by means of a merger or another form of transaction); (iii) meetings and discussions with BCTI's board (on which Wilkerson then served) with the intent to influence the BCTI's business and affairs; and (iv) any other activities deemed by Wilkerson to be effective for the purpose of so influencing BCTI's business and affairs.

sec.gov

[also no position, but interested in the upcoming report]