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N > SEC Filings for N > Form 8-K on 23-Jun-2009All Recent SEC Filings

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Form 8-K for NETSUITE INC


23-Jun-2009

Change in Directors or Principal Officers, Financial Statements and Exhibits


Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 23, 2009, NetSuite Inc. (the "Company") issued a press release announcing the appointment on June 17, 2009 of Ed Zander to its board of directors (the "Board") as a Class III director effective immediately. Mr. Zander will serve as a member of the Company's Compensation Committee upon his appointment to the Board. Mr. Zander has also been appointed to replace Kevin Thompson as a member of the Company's Nominating and Governance Committee effective July 1, 2009. Mr. Thompson will remain a member of the Board and will continue to serve as a member and chairperson of the Company's Audit Committee and as a member of the Company's Compensation Committee.

Mr. Zander was the chairman of the board and chief executive officer of Motorola Inc., a global communications company, from January 2004 until January 2008. Mr. Zander serves on the board of directors of Netezza Corporation., a data warehouse appliance company, and Seagate Technology, a designer and manufacturer of hard disk drives. Mr. Zander received a BS from Rensselaer Polytechnic Institute and a master's degree in business administration as well as an honorary Ph.D. from Boston University.

As a new non-employee director, Mr. Zander received an option to purchase 30,000 shares of the Company's Common Stock on his first date of service as a director. A copy of the press release announcing Mr. Zander's appointment is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

          Exhibit
          Number    Description

          99.1      Press release of NetSuite Inc. issued June 23, 2009.

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