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): February 27, 2012
Jive Software, Inc.
(Exact name of registrant as specified in its charter)
325 Lytton Avenue, Suite 200
Palo Alto, California 94301
(Address of principal executive offices) (Zip code)
Registrants 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:
On February 27, 2012, the Compensation Committee (the Compensation Committee) of the Board of Directors of Jive Software, Inc. (the Company) approved the award of cash bonuses to the Companys named executive officers as shown in the table below (amounts shown reflect the aggregate of the amounts to be paid to each officer).
Also on February 27, 2012, the Compensation Committee of the Board of Directors of Jive Software, Inc. of the Company approved and adopted the 2012 Executive Bonus Plan (the 2012 Executive Plan).
Pursuant to the 2012 Executive Plan, for 2012 and subsequent years the executive officers and key employees of the Company, as identified by the Compensation Committee, are eligible to receive a bonus, based on a bonus criteria established by the Compensation Committee that could include objectives based on Jives overall business and financial performance and/or each individuals achievement of performance objectives.
The foregoing description of the 2012 Executive Plan does not purport to be complete, and is qualified in its entirety by reference to the 2012 Executive Plan, a copy of which is filed as Exhibit 10.1 hereto and incorporated herein by reference.
Also on February 27, 2012, the Compensation Committee approved performance objectives and target bonus levels for bonus award opportunities under the 2012 Executive Plan for the 2012 year, which awards will be based on performance for the fiscal year ending December 31, 2012. These targets will be based on the following percentages of the respective officers base salary:
Incentive compensation for the Companys named executive officers has been established pursuant and subject to the terms of the Companys 2012 Executive Plan, a copy of which is filed as an exhibit hereto. In addition to the incentive compensation payable pursuant to the 2012 Executive Plan, Mr. McCracken, who leads our sales organization, is eligible for commission payments with a targeted annual $225,000 commission.
The following exhibit is filed herewith and this list is intended to constitute the exhibit index.
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.
Dated: March 2, 2012