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Quotes & Info
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| INFA > SEC Filings for INFA > Form 8-K on 2-Dec-2008 | All Recent SEC Filings |
2-Dec-2008
Change in Directors or 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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