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<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): September 24, 2008</B>

<P align="center">

<P align="center" style="font-size: 24pt"><B>PIKE ELECTRIC CORPORATION<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
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<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>Delaware</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>1-32582</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>20-3112047</B></TD>
</TR>
<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
</TR>
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    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>100 Pike Way<BR>Mount Airy, NC<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>27030</B></TD>
</TR>
<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
</TR>
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<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(336) 789-2171</B>


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    <TD nowrap style="border-bottom: 1px solid #000000"><B>Not Applicable<BR></B></TD>
</TR>
<TR>
    <TD nowrap>(Former name or former address if changed since last report.)</TD>
</TR>
</TABLE>

<P align="left" style="font-size: 10pt">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:

<P align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P align="justify" style="font-size: 10pt"><B>Item&nbsp;5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.</B>


<P align="justify" style="font-size: 10pt; text-indent: 4%"><B><I>Employment Agreement with J. Eric Pike</I></B>. On September&nbsp;24, 2008, Pike Electric Corporation (the &#147;Company&#148;) entered
into an amended and restated employment agreement with J. Eric Pike, the Company&#146;s Chairman, CEO and President, a copy
of which is attached hereto as Exhibit&nbsp;10.1 (the &#147;Employment Agreement&#148;). The Employment Agreement provides for an
initial term commencing July&nbsp;1, 2008 and continuing through June&nbsp;30, 2009, after which the Employment Agreement
automatically extends for additional one-year periods, subject to both Mr.&nbsp;Pike&#146;s and our right to terminate the
Employment Agreement upon at least 60&nbsp;days written notice prior to the expiration of each such term.


<P align="justify" style="font-size: 10pt; text-indent: 4%">The primary differences between the Employment Agreement and the prior employment agreement between Mr.&nbsp;Pike and
the Company include: (i)&nbsp;increasing his base annual salary from $750,000 to $780,000; (ii)&nbsp;eliminating his annual bonus
award of $250,000 of our common stock and the opportunity for $250,000 of stock options at the end of each fiscal year;
and (iii)&nbsp;providing for the acceleration of any unvested equity awards upon the Company&#146;s termination of his employment
upon his death, disability or legal incapacity. In addition to his base salary, Mr.&nbsp;Pike will be eligible to receive
an annual bonus and to participate in our long-term incentive plan on such terms and conditions and in such amounts as
adopted and approved by the Compensation Committee of the company&#146;s Board of Directors (the &#147;Compensation Committee&#148;).
The Employment Agreement also entitles Mr.&nbsp;Pike to continue to use our aircraft for up to 50 flight hours per year for
his personal use.


<P align="justify" style="font-size: 10pt; text-indent: 4%">Under the terms of the Employment Agreement with Mr.&nbsp;Pike, if his employment is terminated by us without Cause or
by Mr.&nbsp;Pike for Good Reason (as such terms are defined in the Employment Agreement), Mr.&nbsp;Pike will be entitled to
receive two years of his then current annual base salary and the continuation for two years of health, life, disability
and other benefits that he was receiving as of the last day of his employment. If Mr.&nbsp;Pike is terminated by us without
Cause, all unvested equity compensation awards then held by Mr.&nbsp;Pike will automatically become vested and exercisable.
If Mr.&nbsp;Pike&#146;s employment is terminated for any other reason, Mr.&nbsp;Pike will be entitled to receive only earned but
unpaid benefits. In addition, the Employment Agreement prohibits Mr.&nbsp;Pike from soliciting employees, customers and
supplies of the Company for 24&nbsp;months after termination of his employment, as well as from engaging in certain
activities that are competitive with us and our business for a period of five years after the termination of his
employment.


<P align="justify" style="font-size: 10pt; text-indent: 4%"><B><I>Adjustments to Executives&#146; Base Salaries</I></B>. On September&nbsp;24, 2008, the Compensation Committee approved the
following new base salaries for the following executives of the Company effective as of July&nbsp;1, 2008: Anthony K.
Slater, our Chief Financial Officer: $358,312; Audie G. Simmons, our Senior Vice President of Operations: $444,336;
James R. Fox, our General Counsel and Vice President of Risk Management: $344,760; and Jimmy R. Hicks, our Senior Vice
President of Engineering and Substation Construction: $300,000. Each of the foregoing executives already is party to
an employment agreement with the Company which previously has been disclosed.


<P align="justify" style="font-size: 10pt; text-indent: 4%"><B><I>Annual Cash Incentive Awards</I></B>. On September&nbsp;24, 2008, the Compensation Committee approved annual cash incentive
awards for fiscal year 2009 to each of Messrs.&nbsp;Pike, Slater, Simmons, Fox and Hicks (collectively, the &#147;Executives&#148;).
The awards will be made under the Company&#146;s 2008 Omnibus Incentive Compensation Plan pursuant to the form agreement
attached hereto as Exhibit&nbsp;10.2 (the &#147;2009 Annual Cash Incentive Award Agreement&#148;).

<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt; display: none">2
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<P align="justify" style="font-size: 10pt; text-indent: 4%">Pursuant to the 2009 Annual Cash Incentive Award Agreements, the Executives will be eligible to receive a cash
incentive award for fiscal year 2009 based on: (i)&nbsp;the Company&#146;s achievement of specified performance goals with
respect to earnings per share (weighted at 60%) and company-wide&nbsp;safety (weighted at&nbsp;20%) measured as the OSHA
recordable incident rate for the fiscal year; and (ii)&nbsp;the Executive&#146;s achievement of specified personal performance
objectives (weighted at&nbsp;20%). As a result, there is no assurance that any awards ultimately will be paid to the
Executives. Any awards payable under the Annual Bonus Plan will be paid in early fiscal 2010. Each Executive was
assigned a target award based on a percentage of base salary, a threshold level below which no payment would be
triggered, and a maximum award representing 150% of such Executive&#146;s target award. The Committee approved the
following target awards for the Executives: Mr.&nbsp;Pike &#151; $585,000; Mr.&nbsp;Slater &#151; $197,072; Mr.&nbsp;Simmons &#151; $266,602, Mr.&nbsp;Fox
- $172,380; and Mr.&nbsp;Hicks&nbsp;- $120,000.


<P align="justify" style="font-size: 10pt; text-indent: 4%"><B><I>Long-Term Equity Incentive Awards</I></B>. On September&nbsp;24, 2008, the Compensation Committee approved long-term equity
awards to each of the Executives. The awards will be made under the Company&#146;s 2005 and 2008 Omnibus Incentive
Compensation Plans pursuant to form agreements attached hereto as Exhibits 10.3 (the &#147;Option Award Agreement&#148;), and
10.4 (the &#147;Restricted Share Award Agreement&#148; and, together with the Option Award Agreement, the &#147;Award Agreements&#148;).


<P align="justify" style="font-size: 10pt; text-indent: 4%">The awards under the Award Agreements vest in equal amounts over a three-year period commencing on the date of
grant. Each participant was assigned a target award based on a percentage of base salary. The Committee approved the
following target awards for the Executives: Mr.&nbsp;Pike &#151; $1,170,000, Mr.&nbsp;Slater $297,399; Mr.&nbsp;Simmons &#151; $399,902;
Mr.&nbsp;Fox &#151; $258,570; and Mr.&nbsp;Hicks &#151; $150,000. These amounts are to be awarded to each Executive 50% in shares of
restricted stock and 50% in stock options. The actual number of shares of restricted stock and stock options shall be
determined based on the grant date value pursuant to the Company&#146;s equity grant policy.


<P align="justify" style="font-size: 10pt; text-indent: 4%">The foregoing summaries of the terms of the Employment Agreement, Annual Cash Incentive Award Agreement and each
of the Award Agreements are qualified in their entirety by reference to the Employment Agreement which is attached
hereto as Exhibit&nbsp;10.1, the Annual Cash Incentive Award Agreement which is attached hereto as Exhibit&nbsp;10.2, the Option
Award Agreement which is attached hereto as Exhibit&nbsp;10.3, and the Restricted Share Award Agreement which is attached
hereto as Exhibit&nbsp;10.4, each of which is incorporated herein by reference.


<P align="justify" style="font-size: 10pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify"><I>Exhibits</I></DIV></TD>
</TR>

</TABLE>


<P align="justify" style="font-size: 10pt">The following exhibits are filed in accordance with the provisions of Item&nbsp;601 of Regulation&nbsp;S-K:

<DIV align="center">
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<TR valign="bottom">
    <TD width="14%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="81%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit&nbsp;No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Exhibit Description</B></TD>
</TR>

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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
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    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Employment Agreement between Pike Electric
Corporation and J. Eric Pike</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR>10.2*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>Form of 2009 Annual Cash Incentive Award Agreement</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR>10.3*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>Form of Option Award Agreement</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR>10.4*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>Form of Restricted Share Award Agreement</TD>
</TR>
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</TABLE>
</DIV>


<P align="justify" style="font-size: 10pt"><DIV align="left"><DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>


<P align="justify" style="font-size: 10pt">*&nbsp;Management contract or compensatory plan or arrangement.


<P align="center" style="font-size: 10pt">



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<P align="center" style="font-size: 10pt"><B>Signature</B>



<P align="justify" style="font-size: 10pt; text-indent: 3%">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.


<P align="justify" style="font-size: 10pt; margin-left: 45%; font-size: 10pt"><B>PIKE ELECTRIC CORPORATION</B>


<P align="justify" style="font-size: 10pt">Date: September&nbsp;29, 2008


<P align="justify" style="font-size: 10pt; margin-left: 45%; font-size: 10pt; margin-top: -11pt">By: <U><B>/</B>s/ James R. Fox&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
<BR>
Name: James R. Fox
<BR>
Title: Vice President and General Counsel


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<P align="center" style="font-size: 10pt">SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, DC



<P align="center" style="font-size: 10pt">EXHIBITS



<P align="center" style="font-size: 10pt">CURRENT REPORT<BR>
ON<BR>
FORM 8-K


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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date of Event Reported:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Commission File No:</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">September&nbsp;24, 2008
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1-32582</TD>
</TR>
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</DIV>


<P align="center" style="font-size: 10pt">PIKE ELECTRIC CORPORATION



<P align="center" style="font-size: 10pt">EXHIBIT INDEX


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
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    <TD width="14%">&nbsp;</TD>
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    <TD width="81%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit&nbsp;No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Exhibit Description</B></TD>
</TR>

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<TR valign="bottom">
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    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Employment Agreement between Pike Electric
Corporation and J. Eric Pike</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR>10.2*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>Form of 2009 Annual Cash Incentive Award Agreement</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR>10.3*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>Form of Option Award Agreement</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR>10.4*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>Form of Restricted Share Award Agreement</TD>
</TR>
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</TABLE>
</DIV>


<P align="justify" style="font-size: 10pt"><DIV align="left"><DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>


<P align="justify" style="font-size: 10pt">*&nbsp;Management contract or compensatory plan or arrangement.


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">5




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Filed by Bowne Pure Compliance
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): September 24, 2008
PIKE ELECTRIC CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
1-32582
20-3112047
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
100 Pike Way
Mount Airy, NC
27030
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(336) 789-2171
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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
Employment Agreement with J. Eric Pike
. On September 24, 2008, Pike Electric Corporation (the "Company") entered
into an amended and restated employment agreement with J. Eric Pike, the Company's Chairman, CEO and President, a copy
of which is attached hereto as Exhibit 10.1 (the "Employment Agreement"). The Employment Agreement provides for an
initial term commencing July 1, 2008 and continuing through June 30, 2009, after which the Employment Agreement
automatically extends for additional one-year periods, subject to both Mr. Pike's and our right to terminate the
Employment Agreement upon at least 60 days written notice prior to the expiration of each such term.
The primary differences between the Employment Agreement and the prior employment agreement between Mr. Pike and
the Company include: (i) increasing his base annual salary from $750,000 to $780,000; (ii) eliminating his annual bonus
award of $250,000 of our common stock and the opportunity for $250,000 of stock options at the end of each fiscal year;
and (iii) providing for the acceleration of any unvested equity awards upon the Company's termination of his employment
upon his death, disability or legal incapacity. In addition to his base salary, Mr. Pike will be eligible to receive
an annual bonus and to participate in our long-term incentive plan on such terms and conditions and in such amounts as
adopted and approved by the Compensation Committee of the company's Board of Directors (the "Compensation Committee").
The Employment Agreement also entitles Mr. Pike to continue to use our aircraft for up to 50 flight hours per year for
his personal use.
Under the terms of the Employment Agreement with Mr. Pike, if his employment is terminated by us without Cause or
by Mr. Pike for Good Reason (as such terms are defined in the Employment Agreement), Mr. Pike will be entitled to
receive two years of his then current annual base salary and the continuation for two years of health, life, disability
and other benefits that he was receiving as of the last day of his employment. If Mr. Pike is terminated by us without
Cause, all unvested equity compensation awards then held by Mr. Pike will automatically become vested and exercisable.
If Mr. Pike's employment is terminated for any other reason, Mr. Pike will be entitled to receive only earned but
unpaid benefits. In addition, the Employment Agreement prohibits Mr. Pike from soliciting employees, customers and
supplies of the Company for 24 months after termination of his employment, as well as from engaging in certain
activities that are competitive with us and our business for a period of five years after the termination of his
employment.
Adjustments to Executives' Base Salaries
. On September 24, 2008, the Compensation Committee approved the
following new base salaries for the following executives of the Company effective as of July 1, 2008: Anthony K.
Slater, our Chief Financial Officer: $358,312; Audie G. Simmons, our Senior Vice President of Operations: $444,336;
James R. Fox, our General Counsel and Vice President of Risk Management: $344,760; and Jimmy R. Hicks, our Senior Vice
President of Engineering and Substation Construction: $300,000. Each of the foregoing executives already is party to
an employment agreement with the Company which previously has been disclosed.
Annual Cash Incentive Awards
. On September 24, 2008, the Compensation Committee approved annual cash incentive
awards for fiscal year 2009 to each of Messrs. Pike, Slater, Simmons, Fox and Hicks (collectively, the "Executives").
The awards will be made under the Company's 2008 Omnibus Incentive Compensation Plan pursuant to the form agreement
attached hereto as Exhibit 10.2 (the "2009 Annual Cash Incentive Award Agreement").
Pursuant to the 2009 Annual Cash Incentive Award Agreements, the Executives will be eligible to receive a cash
incentive award for fiscal year 2009 based on: (i) the Company's achievement of specified performance goals with
respect to earnings per share (weighted at 60%) and company-wide safety (weighted at 20%) measured as the OSHA
recordable incident rate for the fiscal year; and (ii) the Executive's achievement of specified personal performance
objectives (weighted at 20%). As a result, there is no assurance that any awards ultimately will be paid to the
Executives. Any awards payable under the Annual Bonus Plan will be paid in early fiscal 2010. Each Executive was
assigned a target award based on a percentage of base salary, a threshold level below which no payment would be
triggered, and a maximum award representing 150% of such Executive's target award. The Committee approved the
following target awards for the Executives: Mr. Pike — $585,000; Mr. Slater — $197,072; Mr. Simmons — $266,602, Mr. Fox
- $172,380; and Mr. Hicks - $120,000.
Long-Term Equity Incentive Awards
. On September 24, 2008, the Compensation Committee approved long-term equity
awards to each of the Executives. The awards will be made under the Company's 2005 and 2008 Omnibus Incentive
Compensation Plans pursuant to form agreements attached hereto as Exhibits 10.3 (the "Option Award Agreement"), and
10.4 (the "Restricted Share Award Agreement" and, together with the Option Award Agreement, the "Award Agreements").
The awards under the Award Agreements vest in equal amounts over a three-year period commencing on the date of
grant. Each participant was assigned a target award based on a percentage of base salary. The Committee approved the
following target awards for the Executives: Mr. Pike — $1,170,000, Mr. Slater $297,399; Mr. Simmons — $399,902;
Mr. Fox — $258,570; and Mr. Hicks — $150,000. These amounts are to be awarded to each Executive 50% in shares of
restricted stock and 50% in stock options. The actual number of shares of restricted stock and stock options shall be
determined based on the grant date value pursuant to the Company's equity grant policy.
The foregoing summaries of the terms of the Employment Agreement, Annual Cash Incentive Award Agreement and each
of the Award Agreements are qualified in their entirety by reference to the Employment Agreement which is attached
hereto as Exhibit 10.1, the Annual Cash Incentive Award Agreement which is attached hereto as Exhibit 10.2, the Option
Award Agreement which is attached hereto as Exhibit 10.3, and the Restricted Share Award Agreement which is attached
hereto as Exhibit 10.4, each of which is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits
The following exhibits are filed in accordance with the provisions of Item 601 of Regulation S-K:
Exhibit No.
Exhibit Description
10.1*
Amended and Restated Employment Agreement between Pike Electric
Corporation and J. Eric Pike
10.2*
Form of 2009 Annual Cash Incentive Award Agreement
10.3*
Form of Option Award Agreement
10.4*
Form of Restricted Share Award Agreement
* Management contract or compensatory plan or arrangement.
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.
PIKE ELECTRIC CORPORATION
Date: September 29, 2008
By:
/
s/ James R. Fox
Name: James R. Fox
Title: Vice President and General Counsel
SECURITIES AND EXCHANGE COMMISSION
Washington, DC
EXHIBITS
CURRENT REPORT
ON
FORM 8-K
Date of Event Reported:
Commission File No:
September 24, 2008
1-32582
PIKE ELECTRIC CORPORATION
EXHIBIT INDEX
Exhibit No.
Exhibit Description
10.1*
Amended and Restated Employment Agreement between Pike Electric
Corporation and J. Eric Pike
10.2*
Form of 2009 Annual Cash Incentive Award Agreement
10.3*
Form of Option Award Agreement
10.4*
Form of Restricted Share Award Agreement
* Management contract or compensatory plan or arrangement.