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Nortel Networks 8-K 2007

Documents found in this filing:

  1. 8-K
  2. 8-K
e8vk
 

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
     
Date of Report (Date of earliest event reported)   March 15, 2007
     
NORTEL NETWORKS CORPORATION
 
(Exact name of registrant as specified in its charter)
         
CANADA   001-07260   NOT APPLICABLE
 
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)
 
       
195 THE WEST MALL, TORONTO, ONTARIO, CANADA   M9C 5K1
 
(Address of principal executive offices)
      (Zip Code)
     
Registrant’s telephone number, including area code   905-863-7000
     
 
 
(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. below):
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 5.02(e)     Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers
On March 15, 2007, the compensation and human resources committee, a joint committee of the boards of directors of the Registrant and its principal operating subsidiary, Nortel Networks Limited (NNL), recommended and the boards of directors of the Registrant and NNL approved the corporate performance objectives for 2007 for the Nortel Networks Limited Annual Incentive Plan (which was called the Nortel Networks Limited SUCCESS Incentive Plan prior to January 1, 2007). The corporate performance objectives for 2007 are revenue, operating margin and free cash flow, with customer satisfaction and quality as qualitative measures.

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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.
         
  NORTEL NETWORKS CORPORATION


 
  By:   /s/  PETER W. CURRIE  
    Peter W. Currie  
    Executive Vice-President and
Chief Financial Officer
 
 


  By:   /s/  TRACY S.J. CONNELLY MCGILLEY  
    Tracy S.J. Connelly McGilley  
    Associate General Counsel — Corporate and
Assistant Secretary 
 
 
Dated: March 21, 2007

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