SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported):  January 1, 2011

 

HITTITE MICROWAVE CORPORATION

(Exact Name of Registrant as Specified in Charter)

 

Delaware

 

000-51448

 

04-2854672

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification Number)

 

20 Alpha Road, Chelmsford, Massachusetts 01824

(Address of principal executive offices) (Zip Code)

 

(978) 250-3343

(Registrant’s telephone number, including area code)

 

 

(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               Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

The Compensation Committee of our Board of Directors has authorized increases in the rates of salary for our executive officers, effective January 1, 2011. The 2011 salaries of our principal executive officer, our principal financial officer and each of the three other officers who were identified as “named executive officers” in our definitive proxy statement for our 2010 annual meeting of stockholders are as follows:

 

 

 

Title

 

2010
Salary

 

2011
Salary

 

Stephen G. Daly

 

Chief Executive Officer

 

$

325,000

 

$

350,000

 

William W. Boecke

 

Chief Financial Officer

 

235,000

 

245,000

 

Norman G. Hildreth, Jr.

 

Vice President

 

235,000

 

245,000

 

Michael A. Olson

 

Vice President

 

218,000

 

225,000

 

Brian J. Jablonski

 

Vice President, Operations

 

216,750

 

222,000

 

 

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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 thereunto duly authorized.

 

 

HITTITE MICROWAVE CORPORATION

 

 

 

 

 

 

 

By:

/s/ Stephen G. Daly

 

 

Stephen G. Daly

 

 

Chief Executive Officer

 

 

 

 

Date: January 10, 2011

 

 

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