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SGI > SEC Filings for SGI > Form 8-K on 12-Jul-2012All Recent SEC Filings

Show all filings for SILICON GRAPHICS INTERNATIONAL CORP | Request a Trial to NEW EDGAR Online Pro

Form 8-K for SILICON GRAPHICS INTERNATIONAL CORP


12-Jul-2012

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.

Compensatory Arrangements of Certain Officers

On July 10, 2012, Silicon Graphics International Corp. (the "Company") and James Wheat, who had previously served as the Company's Senior Vice President, Chief Financial Officer and Chief Accounting Officer, entered into a separation agreement providing for (i) a severance payment to Mr. Wheat of twelve months base salary, (ii) COBRA health benefits for 12 months post-termination and (iii) extension of the exercise period of Mr. Wheat's outstanding stock options until June 29, 2013. Mr. Wheat served as the Company's Senior Vice President and Chief Financial Officer from May 2008 to May 14, 2012 and additionally as the Company's Chief Accounting Officer from April 21, 2012 to May 14, 2012. As previously disclosed by the Company on a Current Report on Form 8-K filed on April 30, 2012, Robert J. Nikl was appointed to serve as the Company's Senior Vice President, Chief Financial Officer and Chief Accounting Officer effective May 15, 2012. Mr. Wheat remained with the Company until June 29, 2012 to assist with transition and fiscal year-end matters. Item 9.01 Financial Statements and Exhibits.

(d)         Exhibits

Exhibit Number      Exhibit Title

                    Separation Agreement dated July 10, 2012 between the Company and
10.1                James Wheat.


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