SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
______________
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of
Report (Date of earliest event reported): February
1, 2008
PARKERVISION,
INC.
(Exact
Name of Registrant as Specified in Charter)
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Florida
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0-22904
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59-2971472
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(State
or Other Jurisdiction
of
Incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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7915
Baymeadow Way, Suite 400 Jacksonville, Florida
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32256
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code (904)
737-1367
Not
Applicable
(Former
Name or Former Address, if Changed Since Last Report)
Item
5.02 — Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
On
February 1, 2008,
the
Compensation Committee (the “Committee”) of the Board of Directors of
ParkerVision, Inc. approved 2007 incentive awards for Jeffrey Parker, its Chief
Executive Officer, and Cindy Poehlman, its Chief Financial Officer. Both
executives elected to accept all or a significant portion of their awards,
net
of tax withholdings, in equity. Mr. Parker received an award in the amount
of
$225,000, which was paid, net of tax withholdings, by the issuance to Mr. Parker
of 14,466 shares of common stock. Ms. Poehlman received an award in the amount
of $69,200, which was paid $22,800 in cash and by the issuance, net of tax
withholding, of 2,795 shares of common stock. The shares issued to Mr. Parker
and Ms. Poehlman were valued at $11.17 per share, the closing market price
of
the company’s common stock on the Nasdaq Stock Market on the date of the
award.
The
Committee considered both corporate and individual performance measures in
determining the awards. The corporate performance measures included (i) sales
goals, as measured by design wins with target customers, (ii) customer support
goals, as measured by performance against specified customer statements of
work
(iii) technology goals, as measured by integrated circuit design achievements
against specified marketing requirements documents and (iv) financial goals,
as
measured by performance against operating expense and cash flow budgets.
In
addition to the corporate measures stated above, the Committee considered Mr.
Parker’s ability to guide and develop the senior management team in both
technological innovation and sales execution and the progress made in developing
business relationships in the highly-competitive mobile handset industry.
With regard to Ms. Poehlman,
the
Committee considered her initiative in implementing process changes in 2007
which increased the strength of financial reporting controls and continue to
ensure a high level of integrity in the financial reporting process, her growing
role with regard to shareholder relations, and her additional role as Corporate
Secretary.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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Dated:
February 1, 2008
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PARKERVISION,
INC.
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By:
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/s/
Cynthia Poehlman
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Cynthia
Poehlman
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Chief
Financial Officer
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