TOLLGRADE COMMUNICATIONS INC PA Files SEC form 8-K, Other Events

Item 8.01 Other Events At a meeting of the Company's Board of Directors held on October 19, 2009, at the recommendation of the Compensation Committee, the Board of Directors unanimously adopted a new compensation program for non-employee directors of the Company. Under the newly adopted program, effective October 19, 2009, non-employee directors will receive annual compensation comprised of the following elements: • A retainer of $20,000, payable in cash; • Restricted stock under Company's 2006 Long-Term Incentive Compensation Plan (the "2006 Plan") having a market value of $35,000 on the date of grant, based on the fair market value (as defined in the 2006 Plan) of a share of the Company's stock on such date, subject to a one-year period of restriction; and • Retainers of $10,000 and $7,500, respectively, for the Chairperson of the Audit and Compensation Committees, payable in cash, and a cash retainer of $5,000 for the Chairperson of each of the Corporate Governance and Investment Committees. Under the newly adopted program, as compared with the Board's prior compensation program, the Board reduced the annual cash retainer payable to non-employee directors by $10,000, and reduced the annual cash retainers paid to the Chairpersons of the Audit, Compensation, Corporate Governance and Investment Committees by $2,500 for each Committee. In addition, the Board has eliminated per-meeting fees for the Board and all of its Committees. The equity component of non-employee director compensation has been increased under the new program as compared with the Board's prior non-employee director compensation practices. In establishing the new program, the Board determined to weight the equity component of the total annual compensation paid to non-employee directors more heavily than the cash component in an effort to align the interests of the directors more closely with the interests of shareholders. In connection with the adoption of the program, the ...
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Tollgrade Announces New Next Generation Service Assurance Solutions for Fixed and Mobile Operators at Supercomm Trade Show in Chicago, October 21 - 23

PITTSBURGH, Oct. 20 /PRNewswire-FirstCall/ -- Tollgrade Communications, Inc. (Nasdaq: TLGD - News) will demonstrate its newest service assurance offerings this week at the Supercomm2009 telecom trade event in Chicago at Booth #2623. These new offerings are a result of an OEM agreement with the Finland-based Accanto Systems, a leading supplier of advanced Customer Service Assurance and troubleshooting solutions to communications service providers. Tollgrade will feature at the trade event quad-play service assurance solutions, including Accanto's line of 'intelligent customer service assurance' products as well as Tollgrade's next generation service assurance portfolio and its recently introduced Stratum(TM) test and diagnostics solution.With the completion of this OEM agreement, Tollgrade now offers a full spectrum of service assurance solutions for video, voice, data and wireless applications. This new suite of products, including advanced multi-protocol analyzers and network monitoring systems which support mobile and VOIP applications, will be marketed and supported under the Tollgrade brand name and will be available where Tollgrade has a significant presence and embedded base in centralized testing systems around the world.Stratum, created by Tollgrade, is being introduced to telecom providers to help integrate new IP-based network testing initiatives with existing platforms, thus providing integrated test analysis across a variety of access technologies.Stratum will support multiple data inputs from a cu...
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Tollgrade Reports Third Quarter 2009 Results

PITTSBURGH, Pa., Oct. 28, 2009 /PRNewswire-FirstCall/ -- Tollgrade Communications, Inc. (Nasdaq: TLGD - News), a leading supplier of network service assurance test products and solutions, today reported revenue of $11.3 million and a GAAP loss per share from continuing operations of ($0.56) per share for the third quarter ended September 26, 2009. Third quarter 2009 revenue was within the Company's earlier guidance range of $10.0 million to $12.0 million. In comparison, revenue and GAAP earnings per share from continuing operations for the third quarter ended September 27, 2008 were $12.9 million and $0.06 per share, respectively. Joseph Ferrara, Chairman, President and Chief Executive Officer said, "We took significant steps in our continued business transformation to improve our results and to better position Tollgrade for a return to profitability and growth. By continuing our streamlining efforts, including the divestiture of the cable business, we were able to take the necessary step to combine activities and consolidate our business structure in a number of areas. Today, we implemented a reduction in force which affects twenty-eight positions and is expected to reduce our annual costs by an estimated $2.4 million. We expect to realize the full effect of the reduction in the first quarter of 2010. These actions reflect the continued determination of our management team and new Board of Directors to drive the Company towards profitability in the near term." Mr. Ferrara continued, "In addition, over the first half of 2009,...
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Webcast Alert: Tollgrade Communications, Inc. Announces Third Quarter 2009 Results

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Q3 2009 Tollgrade Communications Earnings Release - Time Not Supplied

Earnings Announcements for Thursday, October 29CompanySymbolTimeConferenceCall3PAR Inc.PARAfter Market CloseListenABBABB01:00 am ETABG SUN COL HLDGASC.OLTime Not SuppliedAccuray IncorporatedARAYAfter Market CloseListenACHENG RELAY000922.SZTime Not SuppliedAcme Packet, Inc.APKTAfter Market CloseListenAcme UnitedACU09:00 am ETListenACS, Actividades de Construcción y Servicios, S.A.ACS.MCAfter Market CloseACTELIOSACT.MI10:00 am ETActuate CorporationACTUAfter Market CloseListenAdaptec, Inc.ADPTTime Not SuppliedListenAdolor CorporationADLRTime Not SuppliedListenADVA Optical NetworkingADV.FTime Not SuppliedListenAetna Inc.AETBefore Market OpenListenAGL ResourcesAGLBefore Market OpenListenAgree Realty...
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TOLLGRADE COMMUNICATIONS INC PA Files SEC form 8-K, Results of Operations and Financial Condition

Show all filings for TOLLGRADE COMMUNICATIONS INC PA | Request a Trial to NEW EDGAR Online Pro Form 8-K for TOLLGRADE COMMUNICATIONS INC PA 29-Oct-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" f...
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Markets rebound by noon Thursday; Kennametal up 11 percent

ONLINE: home | business news | small business | sales & marketing | real estate | events | community | careers | city guide | advertise | about us | rss PRINT: subscribe | renew | advertise | book of lists | business intelligence | classifieds | ...
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TOLLGRADE COMMUNICATIONS INC PA Files SEC form 8-K, Change in Directors or Principal Officers

Show all filings for TOLLGRADE COMMUNICATIONS INC PA | Request a Trial to NEW EDGAR Online Pro Form 8-K for TOLLGRADE COMMUNICATIONS INC PA 10-Nov-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for i...
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TOLLGRADE COMMUNICATIONS INC PA Financials

Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...
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TOLLGRADE COMMUNICATIONS INC PA Files SEC form 10-Q, Quarterly Report

Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion should be read in conjunction with the Unaudited Condensed Consolidated Financial Statements and Notes thereto appearing elsewhere in this report. Additionally, when used in this form 10-Q unless the context requires otherwise, the terms "we, our, and us" refer to Tollgrade Communications, Inc. CAUTIONARY STATEMENT FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. This MD&A should be read in conjunction with our annual report on Form 10-K, as amended by Form 10-K/A, for the year ended December 31, 2008 (the "Form 10-K"). Certain statements contained in this MD&A and elsewhere in this report are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, forward-looking statements can be identified by terminology such as "believe," "expect," "intend," "may," "will," "should," "could," "potential," "continue," "estimate," "plan," or "anticipate," or the negatives thereof, other variations thereon or compatible terminology. These statements involve a number of risks and uncertainties. Actual events or results may differ materially from any forward-looking statement as a result of various factors, including those described in Part II, Item 1A below under "Risk Factors." Cable Product Line On May 27, 2009 we completed the sale of our cable product line for consideration of approximately $3.2 million, subject to adjustment for certain items pursuant to the terms of the sale agreement. Th...
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