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VLTR > SEC Filings for VLTR > Form 8-K on 18-Jun-2013All Recent SEC Filings




Change in Directors or Principal Officers, Financial Statements and E

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

On June 14, 2013, the Compensation Committee (the "Compensation Committee") of the Board of Directors of Volterra Semiconductor Corporation (the "Company"), approved equity grants to certain named executive officers under the Company's 2004 Equity Incentive Plan (the "Plan"). The grants consist of unvested Restricted Stock Units to acquire shares of Company common stock ("RSUs"), in the following amounts: 30,000 to Dr. Craig Teuscher, Senior Vice President and Chief Operating Officer, 25,000 to Mr. Mike Burns, Senior Vice President of Finance and Chief Financial Officer, and 20,000 to Mr. Bill Numann, Senior Vice President, Server and Storage and Communications Product Groups. The RSUs will vest in four years as follows: 1/2 of the total shares of each grant shall vest on 6/14/2015, and 1/16 of the total number of shares of each grant shall vest at the end of each subsequent 3-month period.

The retention grant is governed by a Stock Unit Grant Notice and Stock Unit Grant Agreement (the "Grant Agreement"), the form of which is filed as Exhibit 10.1 to this Current Report on Form 8-K (this "Current Report") and is incorporated herein by reference. This Current Report describes certain terms of the Grant Agreements, and such descriptions are qualified in their entirety by reference to the full text of such agreement.

Item 9.01 Financial Statements and Exhibits.

The following exhibit is furnished with this document:

Number Description

10.1 Stock Unit Grant Notice and Stock Unit Grant Agreement

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