Item 5.02(d) Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 18, 2008, Michael Gregoire was elected to the Board of Directors of
ShoreTel, Inc. Mr. Gregoire currently serves as the Chairman and Chief Executive
Officer of Taleo, Inc., a leading provider of on demand talent management
solutions. Mr. Gregoire was elected by the Board of Directors to fill a vacancy
that existed on the Board of Directors. Mr. Gregoire will serve as a Class III
Director and will stand for re-election at ShoreTel's 2009 Annual Meeting of
Stockholders.
Mr. Gregoire will serve on the Compensation Committee of ShoreTel's Board of
Directors. Pursuant to ShoreTel's non-employee director compensation policy,
Mr. Gregoire will receive an annual cash retainer of $35,000, plus $3,000 per
year for Committee service. Directors may elect to receive a fully-vested award
of common stock in lieu of the cash retainer. Mr. Gregoire will also receive an
initial option to purchase 50,000 shares of the Company's common stock, which
vests and becomes exercisable as to 1/48th of the shares each month after the
grant date over four years.
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