UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
May 16, 2014
Date of Report (Date of earliest event reported)
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FEI COMPANY
(Exact name of registrant as specified in its charter)
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Oregon | 000-22780 | 93-0621989 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||
5350 NE Dawson Creek Drive, Hillsboro, Oregon 97124
(Address of principal executive offices, including zip code)
(503) 726-7500
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
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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.
Salary Changes for the Named Executive Officers
The Compensation Committee (the “Committee”) of the Board of Directors of FEI Company (the “Company”) adjusted the base salary of Bradley J. Thies to $360,000, effective as of May 3, 2014. The change in base salary was made to recognize Mr. Thies' appointment as head of the Human Resources Department in addition to his General Counsel responsibilities. In addition, Mr. Thies' targeted incentive compensation percentage was increased to 65%. Mr. Link's targeted incentive compensation percentage was increased to 70%. The base salaries for the Company's other named executive officers were not adjusted.
Equity Grants
On May 14, 2014, the Committee of the Board of Directors of the Company approved the grant of restricted stock unit (“RSU”) and stock option awards, effective May 19, 2014, from the Company's 1995 Stock Incentive Plan to the Company's named executive officers in the amounts described in the following table. These awards were annual grants made as long-term incentive compensation for the executives named.
Named Executive Officer | Number of RSUs Granted1 | Number of Options Granted2 | |
Don R. Kania | 15,384 | 64,612 | |
Benjamin Loh | 6,628 | 27,848 | |
Raymond A. Link | 4,028 | 16,932 | |
Bradley J. Thies | 3,740 | 15,708 | |
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1 | These RSUs vest in four equal annual installments beginning May 19, 2015. |
2 | These options carry a term of seven years and vest in four equal annual installments beginning May 19, 2015. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
FEI COMPANY |
/s/ Bradley J. Thies |
Bradley J. Thies |
Senior Vice President, General Counsel and Secretary |
Date: May 16, 2014