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INFA > SEC Filings for INFA > Form 8-K on 2-Dec-2008All Recent SEC Filings

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Form 8-K for INFORMATICA CORP


2-Dec-2008

Change in Directors or Principal Officers


Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

Appointment of New Director
On November 25, 2008, the Board of Directors of Informatica Corporation appointed Gerald Held to the Board of Directors as a Class I director, effective November 28, 2008. Mr. Held will serve on the Board's Compensation Committee and Strategy Committee.
Mr. Held will participate in the non-employee director compensation arrangements described in Informatica's 2008 proxy statement. Under the terms of those arrangements, Mr. Held will receive, among other things, annual compensation of $35,000 for serving on the Board, an additional $10,000 for serving on the Compensation Committee and an additional $5,000 for serving on the Strategy Committee, and an initial option to purchase 60,000 shares of Informatica's common stock. The initial option vests as to one-third of the shares on the first anniversary of the grant date, with the remaining shares vesting in equal monthly installments thereafter. In addition, Mr. Held has executed Informatica's standard form of indemnification agreement. Update on Previously Announced Executive Officer Resignation On November 25, 2008, Girish Pancha, Informatica's Executive Vice President and General Manager, Data Integration, informed Informatica that he will no longer be retiring from his position as of the end of 2008.


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