Virgin Media 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
Date of Report (Date of earliest event reported): February 23, 2007
VIRGIN MEDIA INC.
(Exact name of Registrant as specified in its charter)
909 Third Avenue, Suite 2863, New York, New York 10022
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including Area Code: (212) 906-8440
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:
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))
TABLE OF CONTENTS
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 23, 2007, the Company's Compensation Committee approved the performance targets in respect of the restricted stock unit element of the Company's 2006-2008 Long-Term Incentive Plan ("LTIP"), as restated, to reflect the developments that occurred in the business since the targets were initially set, and for the restricted stock unit awards under the LTIP to continue to provide meaningful incentives for 2007 and 2008. This also affects those portions of the restricted stock grants which have performance conditions based upon the LTIP and other LTIP-based compensation of the chairman of our board, the CEO, the COO, the CFO, the general counsel and other executive officers.
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.