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): April 20, 2011

 

 

MERU NETWORKS, INC.

(Exact Name of Registrant as Specified in its Charter)

 

 

 

Delaware   001-34659   26-0049840

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

894 Ross Drive

Sunnyvale, California

  94089
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (408) 215-5300

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:

 

¨ 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 20, 2011, the Compensation Committee (the “Committee”) of Meru Networks, Inc. approved the following salaries for the Company’s executive officers, effective as of January 1, 2011:

 

Title

  

Executive Officer

   Base Salary for 2011  

President and Chief Executive Officer

   Ihab Abu-Hakima    $ 364,000   

Chief Technology Officer

   Dr. Vaduvur Bharghavan    $ 318,000   

Chief Financial Officer

   Brett White    $ 295,000   

Senior Vice President of Corporate Development and Strategy

   Kamal Anand    $ 262,000   

Vice President, General Counsel

   Richard Mosher    $ 240,000   

None of the above-named executive officers received a base salary adjustment in 2010.

At the same meeting the Committee adopted the 2011 bonus plan for executive officers. The 2011 bonus plan is substantially similar to the 2010 bonus plan for executive officers, but based on the Company’s operating plan for 2011 and with the addition of an opportunity for a midyear pro-rated progress payment based on achievement of midyear performance targets.


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.

 

    MERU NETWORKS, INC.
Date: April 26, 2011     By:  

/s/ Brett T. White

      Name: Brett T. White
      Title: Chief Financial Officer