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): | September 25, 2007 |
| Hudson Highland Group, Inc. |
| (Exact name of registrant as specified in its charter) |
| Delaware |
0-50129 |
59-3547281 |
| (State or other | (Commission File | (IRS Employer |
| jurisdiction of | Number) | Identification No.) |
| incorporation) |
| 560 Lexington Avenue, New York, New York 10022 |
| (Address of principal executive offices, including zip code) |
(212) 351-7300 |
| (Registrant’s telephone number, including area code) |
_________________
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:
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| [ ] | 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. |
(e) On September 25, 2007, the Compensation Committee (the “Committee”) of the Board of Directors of Hudson Highland Group, Inc. (the “Company”) approved certain amendments to the formula pursuant to which bonuses may be earned by the Company’s executive officers (other than Jon F. Chait and Mary Jane Raymond) under the Company’s 2007 incentive compensation program. The potential amounts payable to the Company’s executive officers were set forth on Exhibit 10.1 to the Company’s Current Report on Form 8-K, dated February 6, 2007, and are not affected by the amendments described herein. A summary of the amendments to the bonus formula is filed herewith as Exhibit 10.1 and is incorporated herein by reference. In addition, the Committee determined that it will consider potential items to include or exclude from the calculation of earnings before income tax for purposes of the Company’s 2007 Incentive Compensation Program after the end of the Company’s fiscal year.
| Item 9.01. | Financial Statements and Exhibits. |
| (a) | Not applicable. |
| (b) | Not applicable. |
| (c) | Not applicable. |
| (d) | Exhibits. The following exhibit is being filed herewith: |
| (10.1) | Summary of amendments to the Hudson Highland Group, Inc. 2007 Incentive Compensation Program |
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SIGNATURES
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.
| HUDSON HIGHLAND GROUP, INC. | |
Date: September 27, 2007 |
By: /s/ Mary Jane Raymond |
| Mary Jane Raymond | |
| Executive Vice President and | |
| Chief Financial Officer |
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HUDSON HIGHLAND GROUP, INC.
Exhibit Index to Current Report on Form 8-K
| (10.1) | Summary of amendments to the Hudson Highland Group, Inc. 2007 Incentive Compensation Program. |
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