Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 18, 2008, Oplink Communications, Inc. (the "Company") announced that Mr. Joseph Y. Liu will remain Chief Executive Officer of the Company, and will not resign from the position on December 31, 2008, as had been previously announced. The Company issued a press release regarding these matters, a copy of which is attached as Exhibit 99.1.
Thomas P. Keegan, the Company's President, who was to succeed Mr. Liu as Chief Executive Officer, will be leaving the Company on amicable terms, effective December 31, 2008. The Company and Mr. Keegan have entered into a Separation Agreement and Release, a copy of which is attached as Exhibit 99.2, which agreement provides for the payment of severance to Mr. Keegan equal to twelve (12) months' worth of salary, or $250,000, and COBRA continuation coverage of twelve (12) months.
Item 9.01 Financial Statements and Exhibits.

(c) Exhibits
99.1 Press release issued November 18, 2008.

99.2 Separation Agreement and Release dated November 21, 2008.

---

Table of Contents