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Quotes & Info
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| CPWR > SEC Filings for CPWR > Form 8-K on 6-Jul-2012 | All Recent SEC Filings |
6-Jul-2012
Change in Directors or Principal Officers, Financial Statements and Exhibits
Effective June 30, 2012, the Compensation Committee ("Committee") of the Board
of Directors of Compuware Corporation (the "Company") resolved to have the
Company adopt a claw-back policy ("Claw-Back Policy") for incentive compensation
approved and awarded after that date. The Claw-Back Policy provides that in the
event of any required financial reporting restatement that results from either
(1) an act of fraud, theft, miappropriaton, embezzlement, intentional misconduct
or other breach of the Code of Conduct by one or more current or former Company
executive officers ("Executives") or (2) the material noncompliance with any
applicable financial reporting requirement by the Company, the Board (or a
committee designated by the Board) shall review the circumstances that caused
the restatement and shall take such action as it deems appropriate to prevent
its recurrence, which may include requiring the Executive(s) to repay to the
Company any portion of incentive compensation that is greater than the amount
that would have been paid if calculated based on restated financial results. The
Claw-Back Policy will apply to any incentive compensation paid to an Executive
from and after the date an Executive first signs a related consent agreement and
during the three year period preceding the date on which the Company is required
to prepare an accounting restatement. The foregoing description of the Claw-Back
Policy does not purport to be complete and is qualified in its entirety by the
policy adopted by the Committee, which is filed as Exhibit 10.137 hereto and
incorporated herein by reference.
(c) Exhibits
10.137 Compuware Corporation Claw-Back Policy, adopted June 30, 2012
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