Nortel Networks 8-K 2007
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
NORTEL NETWORKS CORPORATION
(Exact name of registrant as specified in its charter)
(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):
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.
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: March 21, 2007