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): January 25, 2017
WEB.COM GROUP, INC.
(Exact name of Registrant as specified in its charter)
Delaware | 94-3327894 |
(State or other jurisdiction of incorporation) | (I.R.S. Employer Identification No.) |
Commission file number:
000-51595
(Address of principal executive offices and zip code)
12808 Gran Bay Parkway West
Jacksonville, FL 32258
Registrant's telephone number, including area code:
(904) 680-6600
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):
[ ] 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 Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers
Cash Compensation
On January 25, 2017, the Compensation Committee of the Board of Directors of Web.com Group, Inc. (the “Company” or “Web.com”) approved, the following: (1) cash bonuses for performance in 2016 for the executive officers of the Company (the “Named Executive Officers”); (2) base salaries for 2017 for the Named Executive Officers; and (3) target bonuses as a percentage of salary for 2017 performance for the Named Executive Officers, as follows:
Name | 2016 Cash Bonus | 2017 Base Salary | 2017 Target Bonus(1) |
David L. Brown President and Chief Executive Officer | $336,000 | $560,000 | 100% |
Kevin M. Carney Chief Financial Officer | $100,000 | $350,000 | 50% |
Roseann Duran Chief People Officer | $85,000 | $285,000 | 50% |
(1) Target bonus amounts are expressed as a percentage of the corresponding 2017 base salary.
Approval of Contributions to Web.com Group, Inc. Supplemental Executive Retirement Plan
On January 25, 2017, the Compensation Committee approved discretionary contributions to the Web.com Group, Inc. Supplemental Executive Retirement Plan (“SERP”). The discretionary contributions made to the SERP for the Named Executive Officers are as follows:
Name | Contribution |
David L. Brown President and Chief Executive Officer | $84,000 |
Kevin M. Carney Chief Financial Officer | $35,000 |
Roseann Duran Chief People Officer | $28,000 |
SIGNATURE
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.
Date: January 31, 2017 WEB.COM, GROUP, INC.
By: /s/ Matthew P. McClure
Secretary