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Quotes & Info
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| SGI > SEC Filings for SGI > Form 8-K on 14-May-2012 | All Recent SEC Filings |
14-May-2012
Change in Directors or Principal Officers
Approval of Updated Form of Indemnification Agreement for Directors and
Executive Officers
On May 8, 2012, the Board of Directors of Silicon Graphics International Corp.
(the "Company") approved an updated form of indemnification agreement that
amends and restates in its entirety the indemnification agreements previously
entered between the Company and its directors and executive officers. The
Company intends to enter into this form of indemnification agreement with each
of its current and future directors and executive officers.
Under the updated indemnification agreement, the Company agrees to indemnify
each of its directors and executive officers, to the fullest extent permitted by
law and the Company's Bylaws, against any claims related to his or her
activities as a director, officer, employee or agent of the Company. The Company
also agrees to advance expenses to the indemnified person, and the indemnified
person agrees to repay the advanced amount if and to the extent it is ultimately
determined that he or she was not entitled to be indemnified by the Company.
The above description of the new form of indemnification agreement is qualified
in its entirety by reference to the form indemnification agreement attached to
this Current Report on Form 8-K as Exhibit 99.1 and incorporated herein by
reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number Exhibit Title 99.1 Form of Indemnification Agreement for directors and executive officers. |
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