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
|
Table of Contents