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ET > SEC Filings for ET > Form 8-K on 9-Oct-2012All Recent SEC Filings

Show all filings for EXACTTARGET, INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for EXACTTARGET, INC.


9-Oct-2012

Change in Directors or Principal Officers, Financial Statements and Exhibits


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

On October 8, 2012, ExactTarget, Inc. (the "Company"), issued a press release announcing the unanimous election of Julie Bradley as an independent, Class I director, effective October 6, 2012, following adoption by the Company's board of directors of a resolution increasing the size of the board from seven to eight directors. Ms. Bradley's term will expire with the terms of the other Class I directors at the 2013 annual meeting of stockholders. The Board of Directors of the Company also voted to appoint Ms. Bradley to the Compensation Committee and the Audit Committee.

As a director of the Company, Ms. Bradley will receive compensation as a non-employee director in accordance with the Company's non-employee director compensation practices. This compensation generally consists of an annual retainer and meeting attendance fees. In connection with her election, the Company promised to grant Ms. Bradley restricted stock with a value of $270,000 pursuant to the Company's 2008 Equity Incentive Plan. The share count will be determined using the stock price on October 15, 2012, the date the grant is scheduled to be approved. The restricted stock will vest in two equal installments on January 1, 2014 and January 1, 2015, subject to Ms. Bradley's continued service on the Company's Board of Directors.

A copy of the press release announcing the election of Ms. Bradley is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit
No. Description
99.1 Press Release dated October 8, 2012.


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