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): August 24, 2009

PERCEPTRON, INC.
(Exact Name of Registrant as Specified in Charter)
 
Michigan
0-20206
38-2381442
(State or Other Jurisdiction
(Commission
(IRS Employer
of Incorporation)
File Number)
Identification No.)

47827 Halyard Drive, Plymouth, MI
48170-2461
(Address of Principal Executive Offices)
(Zip Code)

Registrant’s telephone number, including area code (734) 414-6100

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box 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 communication 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 communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨
Pre-commencement communication 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 August 24, 2009, the Management Development, Compensation and Stock Option Committee of the Board of Directors of Perceptron, Inc. (the “Company”) approved the Company’s 2010 Annual Incentive and Profit Sharing Plans.  All officers and named executive officers of the Company, as well as director-level team members, employed on or before December 31, 2009, participate in the Annual Incentive plan.  Generally, almost all team members of the Company below the director-level, employed on or before December 31, 2009, participate in the Profit Sharing plan. A written description of the 2010 Annual Incentive and Profit Sharing Plans has been filed as Exhibit 10.1 to this Form 8-K and is incorporated herein by reference.

Item 9.01. 
FINANCIAL STATEMENTS AND EXHIBITS

C. 
Exhibits.
 
  Exhibit No. Description
     
 
10.1
Written Description of 2010 Annual Incentive and Profit Sharing Plans
 
 
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.

PERCEPTRON, INC.
(Registrant)
Date: August 31, 2009
 
/s/ David W. Geiss
By: David W. Geiss
Title: Vice President, General Counsel and Secretary
 
 

 
 
 
 
 
EXHIBIT INDEX
 
Exhibit
  
Number
Description
   
10.1
Written Description of 2010 Annual Incentive and Profit Sharing Plans.