<HTML>
<HEAD>
<TITLE>Form 8-K</TITLE>
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<P style="font-size: 14pt" align="center"><B>UNITED STATES<BR>
SECURITIES AND
EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

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

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

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest
event reported): February 25, 2009</B>

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

<TABLE style="font-size: 10pt; text-align: center" cellspacing="0" cellpadding="0" width="100%" border="0">

 <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>
 </TR>

<TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>Delaware</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>001-33368</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>91-2143667</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>

</TABLE>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="49%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="49%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>2207 Bridgepointe Parkway,
Suite 250<BR>
San Mateo, California<BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>94404</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>(650) 532-2400</B>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="30%" border="0">

 <TR>
  <TD width="100%">&nbsp;</TD>
 </TR>
 <TR>
  <TD style="border-bottom: #000000 1px solid" nowrap><B>n/a<BR>
</B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>


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


<DIV style="margin-top: 10pt; font-size: 1pt; width: 100%; border-bottom: black 1pt solid">&nbsp;</DIV>
<DIV style="font-size: 1pt; width: 100%; border-bottom: black 2pt solid">&nbsp;</DIV>
</DIV>

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

<P style="display: none; font-size: 10pt" align="center">1
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">

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

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD nowrap align="left" width="3%"><B>Item&nbsp;5.02</B></TD>
  <TD width="1%">&nbsp;</TD>
  <TD><B>Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.</B></TD>
 </TR>

</TABLE>


<P style="font-size: 10pt; text-indent: 3%" align="left">On February&nbsp;25,
2009, the Compensation Committee (the &#8220;Committee&#8221;) of the Board of
Directors of Glu Mobile Inc. (the &#8220;Company&#8221;) approved the Glu
Mobile Inc. 2009 Executive Bonus Plan, effective as of January&nbsp;1, 2009
(the &#8220;Bonus Plan&#8221;), in which the Company&#8217;s executive officers
participate. The material terms of the Bonus Plan are as follows:

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

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="3%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Target bonus levels are a percentage of the participant&#8217;s annual
base salary.</TD>
 </TR>

</TABLE>


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

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="3%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Bonuses are earned and paid on an annual basis.</TD>
 </TR>

</TABLE>


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

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="3%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>50% of the bonus may be earned based on the Company achieving at least
105% of its annual Corporate GAAP Revenue (as defined in the Bonus Plan) and
50% of the bonus may be earned based on the Company achieving at least 105% of
its annual Corporate Non-GAAP Operating Margin (as defined in the Bonus Plan),
with each component of the bonus evaluated independently of the other.</TD>
 </TR>

</TABLE>


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

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="3%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>If the Company meets either component at 105% of its plan, then the
participant earns 100% of the bonus related to that component, whether or not
the Company meets the 105% threshold on the other component. If the Company
meets either component at or above 115% of its plan, then the participant earns
130% of the bonus related to that component; however, before either component
of the bonus may be earned above target, the 105% threshold must be met on the
other component.</TD>
 </TR>

</TABLE>


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

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="3%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&#8226;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>If the Company achieves both the Corporate GAAP Revenue and the Corporate
Non-GAAP Operating Margin components above the 105% minimum threshold but below
the 115% maximum threshold, then the bonus earned will be calculated on a
straight-line basis.</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt; text-indent: 3%" align="left">On February&nbsp;25,
2009, the Committee also established the target bonuses under the Bonus Plan
for the Company&#8217;s executive officers as follows:
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">
<!-- Begin Table Head -->

 <TR valign="bottom">
  <TD width="47%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="6%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="6%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="6%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="6%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
 </TR>
 <TR style="font-size: 10pt" valign="bottom">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD nowrap align="center" colspan="3"><B>2008 Target</B></TD>
  <TD>&nbsp;</TD>
  <TD nowrap align="center" colspan="3"><B>2009 Target</B></TD>
  <TD>&nbsp;</TD>
  <TD nowrap align="center" colspan="3">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD nowrap align="center" colspan="3"><B>2009 Target</B></TD>
 </TR>
 <TR style="font-size: 10pt" valign="bottom">
  <TD style="border-bottom: #000000 1px solid" nowrap align="left"><B>Executive
Officer</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid" nowrap align="center"
colspan="3"><B>Percentage</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid" nowrap align="center"
colspan="3"><B>Percentage</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid" nowrap align="center"
colspan="3"><B>2009 Salary</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid" nowrap align="center" colspan="3"><B>Bonus</B></TD>
 </TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
 <TR style="background: #cceeff" valign="bottom">
  <TD>
<DIV style="margin-left: 10px; text-indent: -10px">L. Gregory Ballard</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD nowrap align="right">&nbsp;</TD>
  <TD align="right">75</TD>
  <TD nowrap>%</TD>
  <TD>&nbsp;</TD>
  <TD nowrap align="right">&nbsp;</TD>
  <TD align="right">85</TD>
  <TD nowrap>%</TD>
  <TD>&nbsp;</TD>
  <TD align="right">$</TD>
  <TD align="right">281,250</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align="right">$</TD>
  <TD align="right">239,063</TD>
  <TD>&nbsp;</TD>
 </TR>

 <TR valign="bottom">
  <TD><DIV style="margin-left: 10px; text-indent: -10px">Jill S. Braff</DIV></TD>
  <TD>&nbsp;</TD>
  <TD nowrap align="right">&nbsp;</TD>
  <TD align="right">50</TD>
  <TD nowrap>%</TD>
  <TD>&nbsp;</TD>
  <TD nowrap align="right">&nbsp;</TD>
  <TD align="right">50</TD>
  <TD nowrap>%</TD>
  <TD>&nbsp;</TD>
  <TD align="right">$</TD>
  <TD align="right">270,000</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align="right">$</TD>
  <TD align="right">135,000</TD>
  <TD>&nbsp;</TD>
 </TR>


 <TR style="background: #cceeff" valign="bottom">
  <TD>
<DIV style="margin-left: 10px; text-indent: -10px">Kevin S. Chou</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD nowrap align="right">&nbsp;</TD>
  <TD align="right">30</TD>
  <TD nowrap>%</TD>
  <TD>&nbsp;</TD>
  <TD nowrap align="right">&nbsp;</TD>
  <TD align="right">40</TD>
  <TD nowrap>%</TD>
  <TD>&nbsp;</TD>
  <TD align="right">$</TD>
  <TD align="right">225,000</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align="right">$</TD>
  <TD align="right">90,000</TD>
  <TD>&nbsp;</TD>
 </TR>

 <TR valign="bottom">
  <TD>
<DIV style="margin-left: 10px; text-indent: -10px">Alessandro Galvagni</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD nowrap align="right">&nbsp;</TD>
  <TD align="right">50</TD>
  <TD nowrap>%</TD>
  <TD>&nbsp;</TD>
  <TD nowrap align="right">&nbsp;</TD>
  <TD align="right">50</TD>
  <TD nowrap>%</TD>
  <TD>&nbsp;</TD>
  <TD align="right">$</TD>
  <TD align="right">270,000</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align="right">$</TD>
  <TD align="right">135,000</TD>
  <TD>&nbsp;</TD>
 </TR>

 <TR style="background: #cceeff" valign="bottom">
  <TD>
<DIV style="margin-left: 10px; text-indent: -10px">Eric R. Ludwig</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD nowrap align="right">&nbsp;</TD>
  <TD align="right">50</TD>
  <TD nowrap>%</TD>
  <TD>&nbsp;</TD>
  <TD nowrap align="right">&nbsp;</TD>
  <TD align="right">50</TD>
  <TD nowrap>%</TD>
  <TD>&nbsp;</TD>
  <TD align="right">$</TD>
  <TD align="right">250,000</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align="right">$</TD>
  <TD align="right">125,000</TD>
  <TD>&nbsp;</TD>
 </TR>

 <TR valign="bottom">
  <TD>
<DIV style="margin-left: 10px; text-indent: -10px">Thomas M. Perrault</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD nowrap align="right">&nbsp;</TD>
  <TD align="right">30</TD>
  <TD nowrap>%</TD>
  <TD>&nbsp;</TD>
  <TD nowrap align="right">&nbsp;</TD>
  <TD align="right">40</TD>
  <TD nowrap>%</TD>
  <TD>&nbsp;</TD>
  <TD align="right">$</TD>
  <TD align="right">210,000</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align="right">$</TD>
  <TD align="right">84,000</TD>
  <TD>&nbsp;</TD>
 </TR>
<!-- End Table Body -->

</TABLE>
</DIV>

<P style="font-size: 10pt; text-indent: 3%" align="left">The foregoing
description of the Bonus Plan is qualified in its entirety by reference to the
actual terms of the Bonus Plan. The Bonus Plan is filed as Exhibit&nbsp;10.01
to this report and is incorporated into this Item&nbsp;5.02 by reference.

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

<P style="font-size: 10pt" align="left">(d)&nbsp;Exhibits.
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">
<!-- Begin Table Head -->

 <TR valign="bottom">
  <TD width="8%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="87%">&nbsp;</TD>
 </TR>
 <TR style="font-size: 10pt" valign="bottom">
  <TD style="border-bottom: #000000 1px solid" nowrap align="left"><B>No.</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid" nowrap align="center"><B>Description</B></TD>
 </TR>
<!-- End Table Head -->

<!-- Begin Table Body -->
 <TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">10.01 </DIV></TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Glu Mobile Inc. 2009 Executive Bonus Plan, effective as of January&nbsp;1, 2009.</TD>
 </TR>

<!-- End Table Body -->

</TABLE>
</DIV>

<P style="font-size: 10pt" align="center">2

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

<P style="display: none; font-size: 10pt" align="center">2
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV
style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">

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

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

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

<!-- Begin Table Head -->

 <TR valign="bottom">
  <TD width="48%">&nbsp;</TD>
  <TD width="4%">&nbsp;</TD>
  <TD width="48%">&nbsp;</TD>
 </TR>

<!-- End Table Head -->

<!-- Begin Table Body -->


 <TR valign="bottom">
  <TD>&nbsp;</TD>
  <TD valign="top" align="left" colspan="2">Glu Mobile Inc.</TD>
 </TR>

<TR><TD>&nbsp;</TD></TR>

 <TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">Date: March&nbsp;3, 2009 </DIV></TD>
  <TD valign="top" align="left">By: </TD>
  <TD valign="top" align="left" style="border-bottom: #000000 1px solid">/s/ L. Gregory Ballard </TD>
 </TR>

 <TR valign="bottom">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Name: L. Gregory Ballard<BR>
Title: Chief Executive Officer </TD>
 </TR>
<!-- End Table Body -->

</TABLE>
</DIV>

<P style="font-size: 10pt" align="center">3

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

<P style="display: none; font-size: 10pt" align="center">3
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV
style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">

<P style="font-size: 10pt" align="center"><B>EXHIBIT INDEX</B>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">
<!-- Begin Table Head -->

 <TR valign="bottom">
  <TD width="8%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="87%">&nbsp;</TD>
 </TR>
 <TR style="font-size: 10pt" valign="bottom">
  <TD style="border-bottom: #000000 1px solid" nowrap
align="left"><B>No.</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid" nowrap
align="center"><B>Description</B></TD>
 </TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">10.01 </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Glu Mobile Inc. 2009 Executive Bonus Plan,
effective as of January&nbsp;1, 2009.</TD>
 </TR>
<!-- End Table Body -->

</TABLE>
</DIV>

<P style="font-size: 10pt" align="center">4

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

<P style="display: none; font-size: 10pt" align="center">4
</DIV>

</BODY>
</HTML>
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Form 8-K
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): February 25, 2009
Glu Mobile Inc.
(Exact name of registrant as specified in its charter)
Delaware
001-33368
91-2143667
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
2207 Bridgepointe Parkway,
Suite 250
San Mateo, California
94404
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number,
including area code:
(650) 532-2400
n/a
(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.
On February 25,
2009, the Compensation Committee (the "Committee") of the Board of
Directors of Glu Mobile Inc. (the "Company") approved the Glu
Mobile Inc. 2009 Executive Bonus Plan, effective as of January 1, 2009
(the "Bonus Plan"), in which the Company's executive officers
participate. The material terms of the Bonus Plan are as follows:
•
Target bonus levels are a percentage of the participant's annual
base salary.
•
Bonuses are earned and paid on an annual basis.
•
50% of the bonus may be earned based on the Company achieving at least
105% of its annual Corporate GAAP Revenue (as defined in the Bonus Plan) and
50% of the bonus may be earned based on the Company achieving at least 105% of
its annual Corporate Non-GAAP Operating Margin (as defined in the Bonus Plan),
with each component of the bonus evaluated independently of the other.
•
If the Company meets either component at 105% of its plan, then the
participant earns 100% of the bonus related to that component, whether or not
the Company meets the 105% threshold on the other component. If the Company
meets either component at or above 115% of its plan, then the participant earns
130% of the bonus related to that component; however, before either component
of the bonus may be earned above target, the 105% threshold must be met on the
other component.
•
If the Company achieves both the Corporate GAAP Revenue and the Corporate
Non-GAAP Operating Margin components above the 105% minimum threshold but below
the 115% maximum threshold, then the bonus earned will be calculated on a
straight-line basis.
On February 25,
2009, the Committee also established the target bonuses under the Bonus Plan
for the Company's executive officers as follows:
2008 Target
2009 Target
2009 Target
Executive
Officer
Percentage
Percentage
2009 Salary
Bonus
L. Gregory Ballard
75
%
85
%
$
281,250
$
239,063
Jill S. Braff
50
%
50
%
$
270,000
$
135,000
Kevin S. Chou
30
%
40
%
$
225,000
$
90,000
Alessandro Galvagni
50
%
50
%
$
270,000
$
135,000
Eric R. Ludwig
50
%
50
%
$
250,000
$
125,000
Thomas M. Perrault
30
%
40
%
$
210,000
$
84,000
The foregoing
description of the Bonus Plan is qualified in its entirety by reference to the
actual terms of the Bonus Plan. The Bonus Plan is filed as Exhibit 10.01
to this report and is incorporated into this Item 5.02 by reference.
Item 9.01 Financial Statements
and Exhibits.
(d) Exhibits.
No.
Description
10.01
Glu Mobile Inc. 2009 Executive Bonus Plan, effective as of January 1, 2009.
2
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.
Glu Mobile Inc.
Date: March 3, 2009
By:
/s/ L. Gregory Ballard
Name: L. Gregory Ballard
Title: Chief Executive Officer
3
EXHIBIT INDEX
No.
Description
10.01
Glu Mobile Inc. 2009 Executive Bonus Plan,
effective as of January 1, 2009.
4