Aruba Networks 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):
April 11, 2012
ARUBA NETWORKS, INC.
(Exact name of registrant as specified in its charter)
1344 Crossman Ave.
Sunnyvale, CA 94089
(Address of principal executive offices, including zip code)
(Registrants telephone number, including area code)
(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 (see General Instruction A.2. below):
Amendment of Executive Officer Bonus Plan
On April 11, 2012, the Compensation Committee (the Committee) of the Board of Directors of the Company approved an amendment to the Companys Executive Officer Bonus Plan (the Plan), effective immediately. The Plan was originally approved by the Committee in December 2009 and offers the Companys executive officers the opportunity to earn bonuses based on the achievement of specified performance targets during each performance period. As previously disclosed, each executive officer has been assigned a targeted bonus value for each performance period under the Plan, set as a percentage of his base salary for the performance period. The executive officer may earn more or less than his targeted value based on the extent to which achievement of the specified performance goals result in the funding of a bonus pool. The bonus pool is funded based upon the extent to which the Company meets the profit and revenue targets under the Board-approved internal operating plan for the applicable fiscal year.
The Plan has been amended to replace the reference to the position of CSO with a reference to the position of CTO given the recent change of Keerti Melkotes title from Chief Strategy Officer to Chief Technology Officer.
A copy of the Plan is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
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.