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ISIL > SEC Filings for ISIL > Form 8-K on 5-Sep-2012All Recent SEC Filings

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Form 8-K for INTERSIL CORP/DE


5-Sep-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.

(d) On August 31, 2012, the Board of Directors of Intersil Corporation (the "Company") increased the size of the Company's Board of Directors from nine to ten members and elected Donald Macleod as a Director to fill the vacancy. Mr. Macleod was Chairman of the Board and Chief Executive Officer of National Semiconductor Corporation prior to its acquisition by Texas Instruments Corporation in September 2011. He is also a member of the board of directors of Avago Technologies Limited.

The Company has determined that Mr. Macleod is an independent director under the NASDAQ Exchange listing standards and the Company's independence guidelines, as set forth in its Corporate Governance Guidelines.

Mr. Macleod will participate in the compensation and benefit program for independent directors as described on pages 3 and 4 of the Company's Proxy Statement for its Annual Meeting of Shareholders held on May 2, 2012 (filed with the Securities and Exchange Commission on March 13, 2012). Mr. Macleod and the Company also entered into the Company's standard indemnification agreement.

The Board has not yet appointed Mr. Macleod to any Board committee.

On September 4, 2012, the Company issued a press release regarding Mr. Macleod's appointment to the Board of Directors. A copy of that press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

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