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
 
November 19, 2007 (November 15, 2007)
Date of Report (Date of earliest event reported)
 
 
Sharps Compliance Corp.
(Exact name of Registrant as specified in its charter)
 
 
Delaware
 
000-22390
 
74-2657168
(State or other jurisdiction of
incorporation)
 
(Commission File Number)
 
(I.R.S. Employer
Identification No.)
         
9220 Kirby Drive, Suite 500
Houston, Texas 77054
(Address of principal executive offices, including zip code)
 
(713) 432-0300
(Registrant’s telephone number, including area code)

(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 (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 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))
 
 
 
 
 
Departure of Directors of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
Officer Compensation
 
On November 15, 2007, the Compensation Committee of the Board of Directors approved an increase in the annual salary of Dr. Burton J. Kunik, Chairman, Chief Executive Officer and President to $260,000, effective December 1, 2007.
 
Financial Statements and Exhibits.
 
 
(d)
Exhibits.
 
None
 
 
 
 
 
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.
 
     
 
SHARPS COMPLIANCE CORP.
a Delaware corporation
 
 		  
 		  
 
Dated: November 19, 2007
 By:  
/s/ David P. Tusa
 
David P. Tusa
 
Executive Vice President, Chief Financial Officer, Business Development and Corporate Secretary