Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
SVVS > SEC Filings for SVVS > Form 8-K on 2-Nov-2009All Recent SEC Filings

Show all filings for SAVVIS, INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for SAVVIS, INC.


2-Nov-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.

(b) On October 28, 2009, SAVVIS, Inc. ("Savvis" or the "Company") announced that Paul F. Goetz has resigned as Senior Vice President - Americas Sales, effective as of December 31, 2009 ("Resignation Date").

(e) On October 27, 2009, the Company entered into a Separation Agreement and General Release (the "Agreement") with Mr. Goetz, setting forth the terms of his separation from the Company. Under the Agreement, Mr. Goetz will continue to receive his base salary through the Resignation Date and will receive commissions earned through October 31, 2009, but not for any later period. Under the Agreement, the Company also will pay Mr. Goetz a discretionary bonus payment in an amount equal to $52,549. Mr. Goetz's stock options (other than those that are scheduled to vest on December 29, 2009) are forfeited and are no longer exercisable.

From his Resignation Date until the first anniversary of his Resignation Date, Mr. Goetz will receive his annual base salary at the time of his termination, payable in substantially equal semi-monthly installments, as severance. The restrictive covenants in Mr. Goetz's Employment, Confidentiality, Severance and Non-Competition Agreement ("Employment Agreement") regarding confidentiality, non-competition and non-solicitation remain in effect for the periods set forth in the Employment Agreement, following the Resignation Date.



Item 9.01. Financial Statements and Exhibits.

(d) See Exhibit Index.


  Add SVVS to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for SVVS - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.