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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (date of earliest event reported): February 8, 2007
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AWARE, INC.
(Exact name of registrant as specified in its charter)
MASSACHUSETTS 000-21129 04-2911026
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
40 MIDDLESEX TURNPIKE, BEDFORD, MA, 01730
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code: (781) 276-4000
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 240.13e-4(c))
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ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On February 2, 2007, the Board of Directors of Aware, Inc. approved a
Compensation Committee recommendation of a potential bonus for 2007 of up to
$125,000, $200,000, $35,000 and $25,000 to Michael A. Tzannes, CEO, Edmund C.
Reiter, President, Keith E. Farris, CFO, and Richard C. Gross, SVP, Engineering,
respectively, subject to the Board of Directors discretion based upon Aware,
Inc. reaching certain operational targets and/or certain financial targets such
as revenue, operating income and/or earnings per share in 2007.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
No financial statements or exhibits are required to be filed as part of this
Report.
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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, thereunto duly authorized.
AWARE, INC.
Dated: February 8, 2007 By: /s/ Michael A. Tzannes
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Michael A. Tzannes
Chief Executive Officer
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