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SNDK » Topics » Shareholder Proposal

This excerpt taken from the SNDK DEF 14A filed Apr 11, 2007.
Shareholder Proposal
 
RESOLVED, that the shareholders of SanDisk Corporation (“SanDisk” or “Company”) urge the Board of Directors to adopt a policy that a significant portion of future equity compensation grants to senior executives shall be shares of stock that require the achievement of performance goals as a prerequisite to vesting (“performance-vesting shares”).
 
This policy shall apply to existing employment agreements and equity compensation plans only if the use of performance-vesting shares can be legally implemented by the Company and will otherwise apply to the design of all future plans and agreements.
 

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