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| ACS > SEC Filings for ACS > Form 8-K on 27-Aug-2008 | All Recent SEC Filings |
27-Aug-2008
Change in Directors or Principal Officers
(e) Compensatory Arrangements of Certain Officers.
The Compensation Committee of Affiliated Computer Services, Inc. (the
"Company"), approved the following base salaries, effective July 1, 2008, with
respect to the following executive officers of the Company: Darwin Deason,
$1,017,437; Lynn Blodgett, $850,000; John Rexford, $515,000; Tom Burlin,
$600,000; Kevin Kyser, $430,000; and Ann Vezina, $515,000.
In addition, on August 27, 2008, the Company entered into a change of control
agreement with Joseph Doherty (the "Change of Control Agreement"). The terms of
the Change of Control Agreement provide for and include payment of three times
the executive's annual salary and bonus as well as a pro-rated bonus for the
current year if certain change of control events occur.
The description of the Change of Control Agreement set forth in this Item 5.02
is not complete and is qualified in its entirety by reference to the full text
of the form of Change of Control Agreement between the Company and the
executives which is filed as Exhibit 10.1 to the Current Report on Form 8-K
dated June 5, 2008 and incorporated by reference herein.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal
Year.
On August 21, 2008, the Board of Directors of the Company amended the bylaws of
the Company to conform the bylaws to provisions of the Chairman's amended
employment agreement by eliminating a provision which allowed the Chairman of
the Board to remove certain officers at any time.
The description of the Bylaws set forth in this Item 5.03 is not complete and is
qualified in its entirety by reference to the full text of the Bylaws which are
filed as Exhibit 3.2 to this Current Report on Form 8-K.
(d) Exhibits.
EXHIBIT
NUMBER DESCRIPTION
3.2 Bylaws of Affiliated Computer Services, Inc., as amended and in effect
on August 21, 2008.
10.1 Form of Change in Control Agreement (incorporated by reference from
Exhibit 10.1 to the Company's Current Report on Form 8-K dated June 5,
2008)
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