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ALGN > SEC Filings for ALGN > Form 8-K on 7-Feb-2013All Recent SEC Filings

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Form 8-K for ALIGN TECHNOLOGY INC


7-Feb-2013

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

(e) On February 1, 2013 the Compensation Committee of the Board of Directors of the Company (the "Compensation Committee") authorized the payment of the annual incentive awards (cash bonuses) to the Company's executive officers. On February 5, 2013, the Board of Directors approved the recommendation of the Compensation Committee with respect to the payment of an annual incentive award to the Company's chief executive officer. The table below sets forth the annual incentive awards for the Company's current named executive officers.

Name                                                      Annual Incentive Award
Thomas M. Prescott
President, Chief Executive Officer                   $                      650,000
Kenneth B. Arola
Vice President, Finance and Chief Financial
Officer                                              $                      204,978
Timothy A. Mack
Senior Vice President, Marketing and Business
Development                                          $                      246,165
Len M. Hedge
Senior Vice President, Business Operations           $                      341,451

The base salaries of each of the executive officers (including the named executive officers) remain unchanged from fiscal year 2012.


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