Ariba 8-K 2012
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event Reported): January 8, 2012
(Exact Name of Registrant as Specified in its Charter)
Registrants telephone number, including area code: (650) 390-1000
(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:
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 8, 2012, Ariba, Inc. (the Company) and its Chief Executive Officer, Robert Calderoni, entered into an amendment to the Retention Benefit Agreement, effective in October 2011, providing for a $5.1 retention payment if Mr. Calderoni remains employed with the Company through September 30, 2016. As a result of this amendment, which is effective immediately, Mr. Calderonis right to receive early payment of the retention amount upon a change of control of the Company was eliminated and the arrangement was restructured to provide for early payment in the event of a change of control only if Mr. Calderoni experiences in connection with or following the transaction an involuntary termination of employment, as defined in the amendment, on or within 12 months after such transaction. The form of the amendment is attached as an exhibit to this Form 8-K, and the original Retention Benefit Agreement was filed as Exhibit 10.2 to the Form 8-K filed by the Company on October 27, 2011.
Item 9.01. Financial Statements and Exhibits.
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.