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SYMC > SEC Filings for SYMC > Form 8-K on 9-Apr-2009All Recent SEC Filings

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Form 8-K for SYMANTEC CORP


9-Apr-2009

Change in Directors or Principal Officers


Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 6, 2009, Symantec Corporation (the "Company") and John W. Thompson entered into a letter agreement reflecting Mr. Thompson's new responsibilities following his previously-announced retirement as Symantec's Chief Executive Officer effective April 3, 2009. Pursuant to the letter agreement, Mr. Thompson will remain Chairman of Symantec's Board of Directors and will receive a salary of $500,000 per annum beginning on April 4, 2009. In addition, the letter agreement provides that Mr. Thompson is eligible for severance benefits under the Symantec Corporation Severance Plan. Mr. Thompson shall not be eligible to participate in any of Symantec's bonus plans for fiscal years beginning on or after April 4, 2009.
The foregoing description is qualified in its entirety by the full text of Mr. Thompson's letter agreement, which is filed as Exhibit 10.01 hereto and is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits

Exhibit Number   Exhibit Title or Description

    10.01        Letter Agreement, dated April 6, 2009, between Symantec Corporation
                 and John W. Thompson


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