On June 15 , 2000 , ...
www.sec.gov, 24 April 2001 [cached]
On June 15 , 2000 , O2WIRELESS SOLUTIONS INC acquired all of the issued and outstanding common stock of Communications Consulting Services , Inc. , of which John J. Meyer , O2WIRELESS SOLUTIONS INC's Executive Vice President and Chief Technical Officer , was the owner of 50% of the common stock.The purchase price paid by O2WIRELESS SOLUTIONS INC for CCS was $2.3 million , all of which was paid in cash.REPORT OF COMPENSATION COMMITTEE ON EXECUTIVE COMPENSATIONThe Compensation Committee of the Board of Directors is responsible for : ( i ) reviewing , recommending , and approving O2WIRELESS SOLUTIONS INC's compensation philosophy and policies and benefits programs ; ( ii ) reviewing and approving the base salaries , bonuses and stock option grants for all executive officers of the Company ; and ( iii ) administering O2WIRELESS SOLUTIONS INC's stock option plan.O2WIRELESS SOLUTIONS INC's compensation policies have been designed to align the financial interests of O2WIRELESS SOLUTIONS INC's management with those of its shareholders , and reflect the nature of O2WIRELESS SOLUTIONS INC by taking into account O2WIRELESS SOLUTIONS INC's operating environment and the expectations for growth and profitability.Compensation for each of O2WIRELESS SOLUTIONS INC's executive officers consists of a base salary , and in some cases , an annual performance bonus and/or stock options.The Compensation Committee's philosophy is that a critical component of an executive's compensation should be based directly upon the value of long-term incentive compensation in the form of stock ownership or stock option awards.
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