UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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):  July 29, 2011
 

Procera Networks, Inc.
(Exact Name of Registrant as Specified in its Charter)
 
 
Nevada
 
001-33691
 
33-0974674
(State or Other Jurisdiction
 
(Commission
 
(IRS Employer
of Incorporation)
 
File Number)
 
Identification No.)
 
 
4121 Clipper Court, Fremont, CA
 
94538
(Address of Principal Executive Offices)   (Zip Code)
 
 
Registrant’s telephone number, including area code: (510) 230-2777
 
 
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))

 
 
 
 
Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On July 29, 2011, the Compensation Committee of the Board of Directors of Procera Networks, Inc. authorized bonuses based on certain of the Company’s 2011 financial targets, as previously approved by the Board of Directors, of $173,521 to James Brear, President and Chief Executive Officer, and of $99,260 to Charles Constanti, Chief Financial Officer.
 
 
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.
 
Date:  August 2, 2011
Procera Networks, Inc.
 
(Registrant)
   
     
 
By:
/s/ Charles Constanti
   
Charles Constanti
   
Chief Financial Officer and Principal Accounting Officer
 
 
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