Harman International Industries 8-K 2012
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): April 2, 2012 (March 27, 2012)
HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
400 Atlantic Street, Suite 1500
Stamford, CT 06901
(Address of Principal Executive Offices) (Zip Code)
Registrants telephone number, including area code: (203) 328-3500
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):
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Grant of Stock Options to Sachin Lawande
On March 27, 2012, the Compensation and Option Committee of the Board of Directors of Harman International Industries, Incorporated (Harman) granted 62,278 time-vesting stock options (the Options) to Sachin Lawande, Co-President of Harmans Lifestyle and Infotainment Divisions and a named executive officer, under Harmans 2012 Stock Option and Incentive Plan. The date of grant for the Options was March 29, 2012 (the Grant Date). The grant is evidenced by Harmans form of Non-Qualified Stock Option Agreement, a copy of which is filed with this Current Report on Form 8-K as Exhibit 10.1. The Options (a) vest in equal annual installments over a three-year period commencing on the first anniversary of the Grant Date, so long as Mr. Lawande is in continuous service with Harman on each such date (subject to certain exceptions), (b) have an exercise price of $46.74 per share, which is the closing price of Harmans common stock on the New York Stock Exchange on the Grant Date, and (c) have a term of 10 years from the Grant Date.
The foregoing description of Exhibit 10.1 does not purport to be complete and is qualified in its entirety by reference to the form of Non-Qualified Stock Option Agreement, a copy of which is attached to this Report as Exhibit 10.1 and is incorporated herein by this reference.
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.
Date: April 2, 2012