CRA INTERNATIONAL,INC. (NASDAQ:CRAI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

CRA INTERNATIONAL,INC. (NASDAQ:CRAI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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

On December8, 2016, the compensation committee of our board of
directors amended our cash incentive plan. The plan, which we
first adopted in 2007, was most recently approved by our
shareholders in 2012. The plan authorizes the grant of
performance-based cash awards to our executive officers, as well
as our other salaried employees and the salaried employees of our
affiliates. The amendments enable the grant under the plan of
certain service-based and performance-based cash awards, which
will be new components of our long-term incentive program, or
LTIP, for our senior corporate leaders, practice leaders and key
revenue generators. These cash awards may be granted in
conjunction with or in lieu of any or all of the equity awards
under our 2006 equity incentive plan that have historically
constituted the LTIP.

On the same date, the committee approved forms of award
agreements for service-based and performance-based cash awards to
be granted under the plan and the LTIP. These service-based
awards will provide for the payment of a fixed amount of cash,
vesting in 4 equal annual installments measured from the date of
grant. These performance-based awards will provide for a cash
payment based on a fixed target amount and the outcome of
performance conditions measured over a performance period of at
least one year. The amount payable under these performance-based
awards based on the outcome of their performance conditions will
additionally vest in 4 equal annual installments, measured from
the date of grant, except that all vesting will be delayed until
the outcome of the awards performance conditions has been
determined by the committee. Under the LTIP, vested service-based
and performance-based cash awards (net of tax withholding) count
towards the achievement of, and the payment of vested award
amounts is subject to, participants ownership thresholds under
the LTIPs stock and cash ownership guidelines.

A copy of our cash incentive plan, as so amended, is attached as
Exhibit10.1 to this current report on Form8-K and is incorporated
herein by reference. Copies of the forms of the award agreements
for the service-based and performance-based cash awards to be
granted under the plan and the LTIP, as described above, are
attached as Exhibits 10.2 and 10.3, respectively, and are
incorporated herein by reference.

About CRA INTERNATIONAL, INC. (NASDAQ:CRAI)
CRA International, Inc. is a global consulting firm. The Company provides economic, financial and management consulting services. It operates in two segments: consulting services and NeuCo. It offers consulting services in areas, including litigation, regulatory and financial consulting, and management consulting. It provides consulting services to corporate clients and attorneys in a range of litigation and regulatory proceedings, providing research and analysis, testimony, and support in all areas of finance, accounting, economics, insurance, and forensic accounting and investigations. It offers law firms, businesses, and government agencies services related to class certification, damages analysis, expert reports and testimony, regulatory analysis, strategy development, valuation of tangible and intangible assets, risk management and transaction support. Its subsidiary, NeuCo, Inc. develops and markets a family of neural network software tools and application consulting services. CRA INTERNATIONAL, INC. (NASDAQ:CRAI) Recent Trading Information
CRA INTERNATIONAL, INC. (NASDAQ:CRAI) closed its last trading session up +0.12 at 35.94 with 53,806 shares trading hands.