SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 26, 2011
Web.com Group, Inc.
(Exact name of registrant as specified in its charter)
Registrant’s telephone number, including area code: (904) 680-6600
(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):
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
2011 Salary Information for Named Executive Officers
At the Compensation Committee meeting of Web.com Group, Inc. (the “Company”) held on October 26, 2011, the Compensation Committee unanimously agreed to increase the current annual base salaries of certain named executive officers as follows:
In making its determinations, the Compensation Committee considered the Company’s performance during fiscal year 2011, the pending acquisition of Net Sol Parent LLC and the anticipated increase in the executives’ respective duties as a result of this acquisition, and the compensation study prepared by PRM Consulting Group, Inc. that indicated that the executives’ existing base salaries and total direct compensation opportunities were below the desired market positioning of the median of the peer group.
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.