|
|
![]() | ![]() | ![]() | ![]() |
| |||||||||
This excerpt taken from the RVBD 8-K filed Aug 16, 2007. Registrants telephone number, including area code: (415) 247-8800
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:
Effective August 14, 2007, Mark A. Floyd was elected to the Board of Directors (the Board) of Riverbed Technology, Inc. (the Company). Mr. Floyd will serve as a Class I director and will stand for reelection at the 2007 annual meeting of stockholders. The size of the Board was increased from seven to eight in connection with the election. Mr. Floyd was also appointed to serve on the Audit Committee and Compensation Committee of the Board. Mr. Floyd will also enter into the Companys form of indemnification agreement for its directors in connection with his election to the Board. In connection with his election, Mr. Floyd automatically received a stock option award to purchase 70,000 shares of the Companys common stock pursuant to the terms of the Companys 2006 Director Option Plan. Mr. Floyd will also be eligible for the automatic stock option awards for non-employee directors called for by the 2006 Director Option Plan. A press release announcing the appointment was issued on August 16, 2007, a copy of which is being filed as Exhibit 99.1 to this Form 8-K and which is incorporated herein by reference in its entirety.
This excerpt taken from the RVBD 8-K filed Jun 4, 2007. Registrants telephone number, including area code: (415) 247-8800
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:
On May 29, 2007, the Compensation Committee (the Committee) of the Board of Directors of Riverbed Technology, Inc. (the Company) approved the Riverbed Technology, Inc. Management Bonus Plan (the Bonus Plan). The Bonus Plan applies to officers within the meaning of Rule 16a-1 under the Securities Exchange Act of 1934, as amended, of the Company (the Section 16 Officers) as well as other employees of the Company and provides a framework for the Companys existing cash incentive program. The Bonus Plan is intended to increase the success of the Company by motivating Bonus Plan participants to achieve the Companys objectives. The Bonus Plan accomplishes this goal by paying cash awards to participants only after the achievement of specified performance goals. The Committee selects each of the Section 16 Officers who will be eligible to earn awards under the Bonus Plan. The Companys Chief Executive Officer (the CEO) selects any other employees of the Company who will be eligible to earn awards under the Bonus Plan. The actual number of employees who will be eligible to receive an award during any particular year cannot be determined in advance because the Committee and the CEO have discretion to select the participants. Under the Bonus Plan, participants will be eligible to receive an award only if performance goals determined by the Committee at the beginning of each performance period are achieved. At the beginning of each performance period, the Committee will also assign each participating Section 16 Officer, and the CEO will assign each other participant, a target award amount. The participants target award typically will be expressed as a percentage of his or her base salary earned during the applicable performance period or a specific dollar amount. The actual awards (if any) payable for a particular performance period will vary depending on the extent to which actual performance meets, exceeds or falls short of the performance goals for that performance period. The Committee, in the case of Section 16 Officers, and the CEO, in the case of other participants, has the authority to determine whether performance goals were achieved or exceeded and retains discretion to increase, reduce or eliminate the bonus that otherwise would be payable based on actual performance. The Committee administers the Bonus Plan. The Committee (or the full Board of Directors) generally may amend, suspend or terminate the Bonus Plan at any time and for any reason.
| EXCERPTS ON THIS PAGE:
RELATED TOPICS for RVBD: |
| |||||||