Attached files
| file | filename |
|---|---|
| EX-10.1 - EXECUTIVE INCENTIVE PLAN - CASCADE MICROTECH INC | dex101.htm |
UNITED STATES
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): April 4, 2011
CASCADE MICROTECH, INC.
(Exact name of registrant as specified in its charter)
| OREGON | 000-51072 | 93-0856709 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
2430 N.W. 206th Avenue
Beaverton, Oregon 97006
(503) 601-1000
(Address, including zip code, and telephone number, including
area code, of registrant’s principal executive offices)
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:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | 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 | |||||
| On April 4, 2011, the Management Development and Compensation Committee of the Board of Directors of Cascade Microtech, Inc. (the “Company”) approved the Cascade Microtech Executive Incentive Plan for the six-month period ending June 30, 2011 (the “Plan”). The Plan covers each of the Company’s executive officers. Target payouts under the Plan are based on a percentage of each executive officer’s base salary. The amount of any payout will be determined based on the level of attainment of specified goals for revenue and adjusted income from operations for the period, with 50 percent of the payout based on revenue performance and 50 percent based on adjusted income from operations performance. A copy of the Plan is filed as Exhibit 10.1 to this report and is incorporated herein by reference. | ||||||
| Item 9.01. | FINANCIAL STATEMENTS AND EXHIBITS | |||||
| (d) | Exhibits. | |||||
| 10.1 | Executive Incentive Plan for the Six-Month Period Ending June 30, 2011. | |||||
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SIGNATURE
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 on April 7, 2011.
| CASCADE MICROTECH, INC. | ||
| (Registrant) | ||
| By | /s/ Jeff A. Killian | |
| Jeff A. Killian | ||
| Vice President and Chief Financial Officer | ||
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