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CRAY > SEC Filings for CRAY > Form 8-K on 19-May-2009All Recent SEC Filings

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Form 8-K for CRAY INC


19-May-2009

Other Events


Item 8.01 Other Information

On May 13, 2009, at our Annual Meeting of Shareholders, the shareholders:
re-elected each of our current directors for one-year terms expiring at the 2010 Annual Meeting of Shareholders and upon the election and qualification of their successors, approved the 2009 Long-Term Equity Compensation Plan covering 3,000,000 shares of our common stock (of which no more than 1,500,000 shares can be authorized as grants of restricted stock and stock bonuses), and ratified the appointment of Peterson Sullivan LLP as our independent auditors.

On May 18, 2009, we repurchased an additional $14,294,000 in principal amount of our 3.0% Convertible Senior Subordinated Notes due 2024 (the "Notes") at a price equal to 98.5% of par value plus accrued interest. The holders of the Notes have the right to put the Notes to us on December 1, 2009. Following this repurchase, we have an aggregate principal amount of $13,433,000 of Notes outstanding.

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