FormFactor 8-K 2005
Washington, D.C. 20549
Date of Report (Date of earliest event reported): July 20, 2005
(Exact name of Registrant as specified in its charter)
(State or other jurisdiction of incorporation)
(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.):
TABLE OF CONTENTS
Item 1.01. Entry into a Material Definitive Agreement.
On July 20, 2005, FormFactor, Inc. (the Company) entered into a Separation Agreement and General Release (the Separation Agreement) with its former Chief Operating Officer, Jens Meyerhoff, who left the Company effective as of July 15, 2005. Under the Separation Agreement, he will receive severance equal to $140,000, which represents six months of his base salary and is payable in the Companys third quarter of its fiscal year 2005, and his 2005 target bonus in the amount of $238,000, which is payable in the Companys first quarter of its fiscal year 2006, in each case less all applicable withholdings. In addition, he will receive six months vesting credit for his outstanding options to purchase the Companys common stock. Mr. Meyerhoff has executed a general release and waiver of claims in favor of the Company, and continues to be bound by the Companys Employment, Confidential Information and Invention Assignment Agreement. By its terms, Mr. Meyerhoff may revoke the Separation Agreement during the seven-day period following his execution thereof. A copy of the Separation Agreement is attached hereto as Exhibit 10.01.
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.