UNITED
STATES
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
15, 2008
______________________________
U.S.
CONCRETE, INC.
(Exact
name of registrant as specified in its charter)
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Delaware
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000-26025
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76-0588680
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(State
or other jurisdiction
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(Commission
File Number)
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(IRS
Employer
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of
incorporation)
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Identification
No.)
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2925
Briarpark, Suite 1050
Houston,
Texas 77042
(Address
of principal executive offices, including ZIP code)
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(713)
499-6200
(Registrant’s
telephone number, including area code)
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Not
Applicable
(Former
name or former address, if changed since last
report)
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_______________
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the
registrant under any of the following provisions:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
On
February 15, 2008, the Compensation Committee of the Board of Directors of
U.S.
Concrete, Inc. (the “Committee”) approved increases in the annual salaries of
Messrs. Michael W. Harlan (our President and Chief Executive Officer), Robert
D.
Hardy (our Executive Vice President and Chief Financial Officer), and Thomas
J.
Albanese (our Executive Vice President of Sales - Bay Area Region).
Effective April 1, 2008, Mr. Harlan’s annual base salary will increase to
$500,000, Mr. Hardy’s annual base salary will increase to $350,000 and Mr.
Albanese’s annual base salary will increase to $282,720.
The
Committee also approved grants of restricted shares and nonqualified stock
options to Messrs. Harlan and Hardy, and approved grants of restricted shares
to
Messrs. Thomas J. Albanese and William T. Albanese. All grants of
restricted shares and nonqualified stock options are effective as of February
15, 2008 and vest 25% per year over a four-year period. The nonqualified stock
options have a strike price equal to the closing sales price of our common
stock
reported by the Nasdaq Global Select Market on the date of the grant. Mr.
Harlan was granted 30,000 shares of restricted stock and 25,000 nonqualified
stock options, Mr. Hardy was granted 30,000 shares of restricted stock and
10,000 nonqualified stock options, Mr. Thomas J. Albanese was granted 20,000
shares of restricted stock and Mr. William T. Albanese was granted 10,000 shares
of restricted stock.
Based
on
the Company’s 2007 performance, no bonus payments were made to the above named
individuals under the 2007 U.S. Concrete Annual Salaried Team Member Incentive
Plan, or otherwise.
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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U.S.
CONCRETE, INC.
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| Date: February
21, 2008 |
By: |
/s/ Robert
D.
Hardy |
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Robert
D. Hardy |
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Executive
Vice
President and
Chief
Financial Officer
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