F5 Networks 8-K 2011
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) August 12, 2011
F5 Networks, Inc.
(Exact name of registrant as specified in its charter)
401 Elliot Avenue West
Seattle, Washington 98119
(Address of principal executive offices) (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:
5.02(d) On August 12, 2011, the Board of Directors (the Board) of F5 Networks, Inc. (the Company) elected Jonathan Chadwick as a Class I director. In connection with his services as a director, Mr. Chadwick will be entitled to the customary compensation arrangements for the Companys non-employee directors; an annual retainer in the amount of $40,000, $1,500 for each in-person board meeting, $750 for each telephonic board meeting, $1,000 for each in-person committee meeting and $750 for each telephonic committee meeting. Mr. Chadwick will serve as a member of the Boards Audit Committee. In addition, Mr. Chadwick will be awarded 2,442 restricted stock units (RSUs) under the Companys 2005 Equity Incentive Plan, which grant shall be issued on November 1, 2011, and would fully vest on the day prior to the annual meeting of shareholders for fiscal year 2011.
On August 15, 2011, the Company issued a press release announcing Mr. Chadwicks election and the authorization of an additional $200 million for the Companys common stock share repurchase program. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K 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.
Dated: August 15, 2011