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):  November 6, 2018


ASTEA INTERNATIONAL INC.
(Exact name of registrant as specified in its charter)


Delaware
0-26330
23-2119058
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)

240 Gibraltar Road
Horsham, Pennsylvania  19044
(Address of principal executive offices, including zip code)


(215) 682-2500
(Registrant's telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)


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  240.13-4(c))
 
 
 
 

 

Item 5.02
Departure of Directors of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
 
On November 6, 2018, the Compensation Committee of Astea International Inc. increased the annual salary for David Giannetto, Chief Operating Officer of the company to $275,000, effective November 1, 2018.  Mr. Giannetto is taking full responsibility for leading the Sales and Marketing effort of the Company in North America.  In addition, he will have a Sales Compensation Plan, that will provide additional compensation based on sales generated by the sales team in North America.  The Sales Compensation Plan is attached as an Exhibit of the Form 8-K as Exhibit 10.1 and is incorporated herein by this reference.



Item 9.01   Financial Statements and Exhibits

(d) Exhibits




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.

 
Astea International Inc.
 
 
 
November 13, 2018
By:
/s/ Rick Etskovitz
 
 
Rick Etskovitz
 
 
Chief Financial Officer