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MIPS » Topics » Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.This excerpt taken from the MIPS 8-K filed Aug 18, 2009. Item 5.02. Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Grant
to Arthur L. Swift; Form of Stock Unit Award Agreement
On August
13, 2009 (the “Grant Date”), the Compensation Committee (“Compensation
Committee”) of the Board of Directors of MIPS Technologies, Inc. (the “Company”)
approved the entry into a stock unit award agreement with Arthur L. Swift, the
Company’s Vice President of Marketing. Mr. Swift was granted
ten thousand (10,000) restricted stock units, to vest over a three (3) year
period with one third (1/3rd) of the
restricted stock units vesting on the first three annual anniversaries of the
Grant Date. Within thirty (30) days after each annual vesting date,
Mr. Swift will receive one share of the Company’s Common Stock for each vested
restricted stock unit that has vested on such vesting date (subject to certain
exceptions). The restricted stock units are granted under the
Company’s Amended and Restated 1998 Long-Term Incentive Plan.
On the
Grant Date, the Compensation Committee approved the form of stock unit award
agreement for time vesting awards, for use by the Company from time to time in
connection with awards of stock units to executive officers, employees or
directors, including the grant to Mr. Swift discussed above. The
Company’s form of stock unit award agreement for time vesting awards is attached
hereto as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by
reference herein. This excerpt taken from the MIPS 8-K filed Jul 13, 2009. Item
5.02(b). Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On July
9, 2009, registrant’s President and Chief Executive Officer, John Bourgoin,
informed the Board of Directors that he intends to retire as an employee of
registrant effective December 31, 2009, and that he intends to resign as
registrant’s President and Chief Executive Officer at that time, or at such
earlier time as registrant may appoint his replacement as principal executive
officer. Mr. Bourgoin continues to serve as a member of registrant’s
board of directors.
A copy of the press release announcing Mr. Bourgoin's departure
is attached as Exhibit 99.01 to this Current Report.
This excerpt taken from the MIPS 8-K filed Aug 28, 2007. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers. Under the Purchase Agreement, MIPS has agreed to appoint José Epifânio Da Franca, a former shareholder of Chipidea, to the Board of Directors of MIPS (the “Board”) promptly after the Closing. On August 23, 2007, at a special meeting of the Board, the Board authorized an increase in size of the Board from six (6) members to seven (7) members and to appoint José Epifânio Da Franca as a Class III director of the Company to fill the vacancy. Such appointment became effective as of the Closing. This excerpt taken from the MIPS 8-K filed May 11, 2007. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.(b) On May 7, 2007, Benjamin A. Horowitz informed the Company that he will not stand for re-election to the Board of Directors of the Company at the end of his current term, which expires at the Company's 2006 annual meeting of stockholders. The holding of the 2006 annual meeting has been delayed pending the Company's filing of its Annual Report on Form 10-K for fiscal 2006. SIGNATURES 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: May 10, 2007
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