This excerpt taken from the FDML 8-K filed Feb 15, 2008.
Item 1.01. Entry Into a Material Definitive Agreement.
As previously disclosed, the Company entered into a Stock Option Agreement with José Maria Alapont, its President and Chief Executive Officer, dated as of December 27, 2007 (the President and CEO Stock Option Agreement). The President and CEO Stock Option Agreement granted Mr. Alapont a non-transferable, non-qualified option to purchase up to 4,000,000 shares of Class A Common Stock. On February 14, 2008, the President and CEO Stock Option Agreement was amended to increase the exercise price for the option to $29.75 per share pursuant to Amendment No. 1 dated February 14, 2008 to Stock Option Agreement dated December 27, 2007 (Amendment No. 1).
The foregoing description of the President and CEO Stock Option and Amendment No. 1 does not purport to be complete and is qualified in its entirety by reference to the full text of such agreements and each is incorporated by reference as Exhibit 10.1 and Exhibit 10.2.