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): January 2, 2007
Sykes
Enterprises, Incorporated
_____________________________________________________
|
(Exact
name of registrant as specified in its charter)
|
|
Florida
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0-28274
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56-1383460
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||
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(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
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400
N. Ashley Drive, Tampa, Florida
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33602
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|
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(Address
of principal executive offices)
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(Zip
Code)
|
Registrant’s
telephone number, including area code: (813) 274-1000
_____________________________________________________
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 (see General Instruction A.2. below):
[
]
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 Principal Officers; Election of Directors; Appointment of
Principal Officers; Compensatory Arrangements of Certain
Officers.
New
Employment Agreement with James C. Hobby, Jr.
On
January 2, 2007, the Company entered into a new employment agreement with James
C. Hobby, Jr., the material terms and conditions of which are summarized
below.
The
employment agreement replaced the previous employment agreement between the
Company and Mr. Hobby, dated January 3, 2005.
The
employment agreement provides that Mr. Hobby will serve as an executive of
the
Company. Mr. Hobby currently serves as Senior Vice President, Global Operations.
The agreement will
continue until terminated by one of the parties.
Under
the agreement, Mr. Hobby’s annual base salary is to be not less than
$305,000.00, and he is entitled to participate in a performance-based bonus
program ranging from 0% to 50% of his base salary and to standard executive
fringe benefits.
If
the
agreement is terminated by the Company for any reason other than death,
disability, or cause (as defined in the agreement), the Company is required
to
pay Mr.
Hobby
an
amount equal to his weekly base salary for 52 weeks after the termination
of the agreement. If Mr.
Hobby’s
employment is terminated by the Company due to his death, disability or cause,
or voluntarily by Mr.
Hobby,
then
the Company will have no obligation to pay him any salary, bonus or other
benefits other than those payable through the date of termination. In any event,
Mr.
Hobby
may not
compete with the Company in any area in which the Company’s clients were
conducting business during the term of the agreement, or solicit the Company’s
employees, for a period of one year after termination of his employment. The
agreement also contains customary confidentiality provisions.
Amendment
to Employment Agreement with
James
T. Holder.
On
January 2, 2007, the Company and James T. Holder entered into an amendment
to
the employment agreement, dated January 3, 2006, between the Company and
Mr. Holder, the material terms and conditions of which were summarized in the
Company’s proxy statement for its 2006 Annual Shareholders’ Meeting. Under the
amendment (which replaces Exhibit A to the employment agreement),
Mr. Holder’s annual base salary is to be not less than $235,000, and he is
entitled to participate in a performance based bonus program ranging from 0%
to
40% of his base salary, and to standard executive fringe benefits.
Item
9.01 Financial Statements and
Exhibits.
(c)
Exhibits.
Exhibit
99.1 Employment
Agreement dated as of January 2, 2007, between
Sykes Enterprises, Incorporated and James C. Hobby, Jr.
Exhibit
99.2 Exhibit
A, dated as of January 2, 2007, to Employment Agreement between
Sykes Enterprises, Incorporated and James T. Holder.
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the Registrant
has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
SYKES
ENTERPRISES, INCORPORATED
By:
/s/
W.
Michael Kipphut
W.
Michael Kipphut
Senior Vice President and Chief Financial Officer
Date:
January 4, 2007
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