Attached files
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EX-10.1 - EX-10.1 - ARUBA NETWORKS, INC. | f57708exv10w1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
December 17, 2010
December 17, 2010
ARUBA NETWORKS, INC.
(Exact name of registrant as specified in its charter)
Delaware | 001-33347 | 02-0579097 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
1344 Crossman Ave.
Sunnyvale, CA 94089
(Address of principal executive offices, including zip code)
Sunnyvale, CA 94089
(Address of principal executive offices, including zip code)
(408) 227-4500
(Registrants telephone number, including area code)
(Registrants telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
(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 | Compensatory Arrangements of Certain Officers. |
Amendment of Executive Officer Bonus Plan
On December 17, 2010, the Compensation Committee (the Committee) of the Board of Directors of
Aruba Networks, Inc. (the Company) approved an amendment to the Companys Executive Officer Bonus
Plan (the Plan), effective immediately. The Plan was originally approved by the Committee in
December 2009 and offers the Companys executive officers the opportunity to earn bonuses based on
the achievement of specified performance targets during each performance period. As previously
disclosed, each executive officer has been assigned a targeted bonus value for each performance
period under the Plan, set as a percentage of his base salary for the performance period. The executive officer may earn more or less than his targeted value based on the extent to
which achievement of the specified performance goals result in the funding of a bonus pool. The
bonus pool is funded based upon the extent to which the Company meets the profit and revenue
targets under the Board-approved internal operating plan for the applicable fiscal year.
The Plan has been amended to remove the one-year vesting requirement applicable to awards of
restricted stock units under the Plan, such that each award of restricted stock units will be fully
vested on the date of grant.
A copy of the Plan is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01 | Financial Statements and Exhibits |
(d) | Exhibits |
Exhibit No. | Description | |||
10.1 | Executive Officer Bonus Plan, as amended |
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.
ARUBA NETWORKS, INC. |
||||
Date: December 23, 2010 | By: | /s/ Alexa King | ||
Alexa King | ||||
Vice President, Legal and General Counsel | ||||
EXHIBIT INDEX
Exhibit No. | Description | |||
10.1 | Executive Officer Bonus Plan, as amended |