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EX-10.1 - EX-10.1 - POLYCOM INCd743477dex101.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)

June 9, 2014

 

 

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 Amendment to the 2005 Employee Stock Purchase Plan

At the Annual Meeting of Stockholders of Polycom, Inc. (“Polycom” or “the Company”) held on June 9, 2014 (the “Annual Meeting”), the stockholders of Polycom voted on and approved an amendment to Polycom’s 2005 Employee Stock Purchase Plan (the “ESPP”) to increase the number of shares of common stock reserved for issuance under the plan by 9,000,000 shares. The terms and conditions of the ESPP are described in Polycom’s Proxy Statement dated April 25, 2014 (the “Proxy Statement”). The ESPP is filed as Exhibit 10.1 hereto and is hereby incorporated by reference.

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

The information contained in Item 5.02 above is hereby incorporated by reference. At the Annual Meeting, proxies representing 125,737,724 shares of common stock, or approximately 91% of the total eligible voting 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 eight directors to Polycom’s Board of Directors by the Company’s stockholders:

 

Nominee

   Votes For      Votes Against      Abstain      Broker Non-Votes  

Peter A. Leav

     114,307,632         718,852         58,970         10,652,270   

Betsy S. Atkins

     110,369,311         4,678,025         38,118         10,652,270   

Martha H. Bejar

     114,719,449         337,799         28,206         10,652,270   

Robert J. Frankenberg

     112,522,529         2,519,967         42,958         10,652,270   

John A. Kelley, Jr.

     114,268,331         777,113         40,010         10,652,270   

D. Scott Mercer

     114,257,404         787,640         40,410         10,652,270   

William A. Owens

     110,903,390         4,141,576         40,488         10,652,270   

Kevin T. Parker

     114,712,924         336,186         36,344         10,652,270   

Proposal Two – Approval of an Amendment to Polycom’s 2005 Employee Stock Purchase Plan

Polycom’s stockholders approved the amendment to Polycom’s 2005 Employee Stock Purchase Plan by the following votes:

 

Votes For

  

Votes Against

  

Abstentions

  

Broker Non-Votes

111,174,523

   3,881,569    29,362    10,652,270

Proposal Three – Advisory Vote on Executive Compensation

Polycom’s stockholders approved the advisory vote on executive compensation by the following votes:

 

Votes For

  

Votes Against

  

Abstentions

  

Broker Non-Votes

79,846,675

   35,173,697    65,082    10,652,270

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, 2014 by the following votes:

 

Votes For

  

Votes Against

  

Abstentions

  

Broker Non-Votes

124,605,814

   1,073,393    58,517    —  

Item 9.01 Financial Statements and Exhibits.

 

  (d) Exhibits

 

  10.1 Polycom, Inc. 2005 Employee Stock Purchase Plan, as amended June 9, 2014.

 

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: June 11, 2014


EXHIBIT INDEX

 

Exhibit
No.

  

Description

10.1    Polycom, Inc. 2005 Employee Stock Purchase Plan, as amended June 9, 2014.