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BGPTQ.PK > SEC Filings for BGPTQ.PK > Form 8-K on 27-Aug-2009All Recent SEC Filings

Show all filings for BEARINGPOINT INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for BEARINGPOINT INC


27-Aug-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 August 21, 2009, BearingPoint, Inc. (the "Company"), BearingPoint Australia Pty Limited ("BearingPoint Australia"), a wholly owned subsidiary of the Company, and David R. Hunter, the Company's Chief Operating Officer, entered into a Release Agreement whereby Mr. Hunter was terminated as the Chief Operating Officer of the Company and as an employee of BearingPoint Australia, effective as of August 21, 2009. Pursuant to the Release Agreement, BearingPoint Australia will pay Mr. Hunter regular wages through August 31, 2009 and an amount equal to AU$300,000 on or before August 31, 2009 in exchange for the release of potential claims against the Company and its affiliates. The Company believes that this termination is consistent with the Company's plans regarding the liquidation of its business in connection with its bankruptcy proceedings.


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