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): March 30, 2006

 

 

DISCOVERY PARTNERS INTERNATIONAL, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

 

000-31141

 

33-0655706

(State or other jurisdiction of
incorporation)

 

(Commission File Number)

 

(I.R.S. Employer
Identification No.)

 

 

 

 

 

9640 Towne Centre Drive
San Diego, California

 

92121

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: (858) 455-8600

 

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:

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 


 

Item 1.01. Entry into a Material Definitive Agreement

 

On March 30, 2006, the Board of Directors of Discovery Partners International, Inc. (the “Company”) approved the following additional fees payable to certain of its directors. The chairperson of the Compensation Committee of the Company’s Board of Directors will be paid an additional annual retainer fee of $5,000, for a total of $25,000 annually. In addition, the current chairperson of the Compensation Committee of the Company’s Board of Directors will be paid $1,000 for each meeting he has with the Company’s outside compensation consultants as part of the Company’s on-going evaluation of its employee’s pay and incentive packages.

 

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SIGNATURE

 

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.

 

 

 

DISCOVERY PARTNERS INTERNATIONAL, INC.

 

 

 

Dated: March 31, 2006

By:

/s/ Craig Kussman

 

 

Name:

Craig Kussman

 

Title:

Chief Financial Officer, Senior Vice President,
Finance and Administration, Secretary

 

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