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ISIL > SEC Filings for ISIL > Form 8-K on 14-Feb-2012All Recent SEC Filings

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Form 8-K for INTERSIL CORP/DE


14-Feb-2012

Change in Directors or Principal Officers, Amendments to Articles of Inc. or Byl


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

(b) Termination of Employment of Named Executive Officer

On February 9, 2012, the employment of Peter Oaklander, one of the named executive officers of Intersil Corporation (the "Company") in fiscal year 2011, as Senior Vice President of the Company, terminated. Mr. Oaklander will remain employed by the Company through a transition period and his responsibilities as Senior Vice President will be temporarily assumed by David B. Bell, President and Chief Executive Officer of the Company.



Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

(a) Amendments to Bylaws

On, and effective as of, February 8, 2012, the Board of Directors of Intersil Corporation (the "Company") approved an amendment and restatement of the Company's Bylaws. The amendment to the Bylaws provides a new Section 2.3 adopting a majority voting standard for the election of directors in uncontested elections. Prior to this amendment, the Company's Bylaws were silent as to the voting standard for election of directors and directors were elected using a plurality standard.


The foregoing description of the amendment to the Company's Bylaws does not purport to be complete and is qualified in its entirety by reference to new
Section 2.3 of the Company's Bylaws filed as Exhibit 99.1 to this Report and incorporated herein by reference.

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