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| SIMG > SEC Filings for SIMG > Form 8-K on 2-Apr-2009 | All Recent SEC Filings |
2-Apr-2009
Entry into a Material Definitive Agreement, Change in Directors or Principal Of
As previously disclosed by Silicon Image, Inc. (the "Registrant") in a Current Report on Form 8-K filed with the Commission on March 20, 2009, the employment of Paul Dal Santo, the Registrant's former Chief Operating Officer, terminated on March 31, 2009. Effective as of March 31, 2009, the Registrant entered into a Confidential Severance and General Release Agreement with Mr. Dal Santo (the "Agreement"). The Agreement provides that in exchange for a general release of all claims against the Registrant, Mr. Dal Santo will receive a payment in the gross amount of $350,000, equivalent to twelve months of Mr. Dal Santo's base salary, twelve months of career transition services at an aggregate value of up to $15,000, and twelve months of reimbursement of COBRA premiums.
The foregoing is a summary of the Agreement and does not purport to be complete. The foregoing is qualified in its entirety by reference to the Agreement, a copy of which is filed as Exhibit 99.01 to this Current Report on Form 8-K and is incorporated herein by reference.
The information set forth in Item 1.01 above is incorporated herein by reference.
(d) Exhibits.
Exhibit No. Exhibit
Title
99.01 Confidential Severance and General Release Agreement
between the Registrant and Paul Dal Santo, effective March
31, 2009
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