UNITED
STATES
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
Date of report (Date of earliest event
reported) February 4, 2011
ALIGN TECHNOLOGY,
INC.
|
(Exact
Name of Registrant as Specified in Its Charter)
|
Delaware
|
(State
or Other Jurisdiction of
Incorporation)
|
0-32259 | 94-3267295 |
(Commission File Number) | (IRS Employer Identification No.) |
2560 Orchard Parkway, San Jose, California | 95131 | |
(Address of Principal Executive Offices) | (Zip Code) |
(408) 470-1000 |
(Registrant’s Telephone Number, Including Area Code) |
Not applicable |
(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
(e) On
January 31, 2011, the Compensation Committee of the Board of Directors of the
Company (the “Compensation Committee”) authorized the payment of the
annual incentive awards (cash bonuses) to the Company’s executive
officers. On February 1, 2011, the Board of Directors approved the
recommendation of the Compensation Committee with respect to the payment of an
annual incentive award to the Company’s chief executive officer. The table below
sets forth the annual incentive awards for the Company’s current named executive
officers.
Name
|
Annual
Incentive Award
|
|||
Thomas
M. Prescott,
President,
Chief Executive Officer and Director
|
$ | 800,000 | ||
Kenneth
B. Arola,
Vice
President, Finance and Chief Financial Officer
|
$ | 233,816 | ||
Len M.
Hedge
Senior
Vice President, Business Operations
|
$ | 327,445 | ||
Sheila
Tan
Vice
President, Marketing & Chief Marketing Officer
|
$ | 226,673 |
In
addition, an increase to the annual base salaries (effective as of
January 1, 2011) of the Company’s executive officers was also approved. The
table below sets forth the annual base salary levels for 2011 for the Company’s
current named executive officers:
Name
|
2011
Base Salary
|
|||
Thomas
M. Prescott,
President,
Chief Executive Officer and Director
|
$ | 575,000 | ||
Kenneth
B. Arola,
Vice
President, Finance and Chief Financial Officer
|
$ | 326,970 | ||
Len M.
Hedge
Senior
Vice President, Business Operations
|
$ | 360,180 | ||
Sheila
Tan
Vice
President, Marketing & Chief Marketing Officer
|
$ | 306,189 |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: February 4, 2011 | ALIGN TECHNOLOGY, INC. | ||
|
By:
|
/s/ Roger E. George | |
Roger
E. George
|
|||
Vice
President, Legal & Corporate Affairs, General Counsel and Corporate
Secretary
|
|||