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EX-10.1 - AMENDED AND RESTATED PERFORMANCE BONUS PLAN - POLYCOM INCd358983dex101.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)

May 24, 2012

 

 

POLYCOM, INC.

(Exact name of registrant as specified in its charter)

 

 

 

State of Delaware   000-27978   94-3128324

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

6001 America Center Drive

San Jose, California

  95002
(Address of principal executive offices)   (Zip Code)

(408) 586-6000

Registrant’s telephone number, including area code

N/A

(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.

 

  (e) Stockholder Approval of the Amended and Restated Performance Bonus Plan

At the Annual Meeting of Stockholders of Polycom, Inc. (“Polycom” or “the Company”) held on May 24, 2012 (the “Annual Meeting”), the stockholders of Polycom voted on and approved Polycom’s Amended and Restated Performance Bonus Plan (the “Bonus Plan”). The terms and conditions of the Bonus Plan are described in Polycom’s Proxy Statement dated April 9, 2012. The Bonus Plan is filed as Exhibit 10.1 hereto and is hereby incorporated by reference herein.

Item 5.07. Submission of Matters to a Vote of Security Holders.

At the Annual Meeting, proxies representing 166,507,215 shares of common stock, or approximately 93.4% of the total outstanding shares, were present and voted on the four proposals presented at the Annual Meeting as follows:

Proposal One – Election of Directors

The table below presents the voting results of the election of seven directors to Polycom’s Board of Directors by the Company’s stockholders:

 

Nominee

   Votes For      Votes Against      Abstain      Broker Non-Votes  

Andrew M. Miller

     156,002,258         782,692         130,371         9,591,894   

Betsy S. Atkins

     151,327,051         5,460,128         128,142         9,591,894   

David G. DeWalt

     154,495,736         2,291,219         128,366         9,591,894   

John A. Kelley, Jr.

     155,688,355         1,098,354         128,612         9,591,894   

D. Scott Mercer

     156,279,045         507,620         128,656         9,591,894   

William A. Owens

     154,423,490         2,363,939         127,892         9,591,894   

Kevin T. Parker

     156,455,164         333,187         126,970         9,591,894   

Proposal Two – Approval of the Amended and Restated Performance Bonus Plan

Polycom’s stockholders approved the Amended and Restated Performance Bonus Plan by the following votes:

 

Votes For

  

Votes Against

  

Abstentions

  

Broker Non-Votes

153,136,202

   3,639,431    139,688    9,591,894

Proposal Three – Advisory Vote on Executive Compensation

The stockholders cast their votes with respect to the advisory vote on executive compensation by the following votes:

 

Votes For

  

Votes Against

  

Abstentions

  

Broker Non-Votes

152,241,257

   3,771,151    902,913    9,591,894

Proposal Four – Ratification of Appointment of Independent Registered Public Accounting Firm

Polycom’s stockholders also ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2012 by the following votes:

 

Votes For

       Votes Against   

Abstentions

  

Broker Non-Votes

165,305,261

       1,014,012    187,942    —  

Item 9.01 Financial Statements and Exhibits.

 

  (d) Exhibits
10.1    Polycom, Inc. Amended and Restated Performance Bonus Plan

 

2


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.

 

    POLYCOM, INC.
By:  

/s/ Sayed M. Darwish

  Sayed M. Darwish
  Chief Legal Officer, Executive Vice President of Corporate Development and Secretary

Date: May 25, 2012


EXHIBIT INDEX

 

Exhibit No.

  

Description

10.1    Polycom, Inc. Amended and Restated Performance Bonus Plan