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IKAN > SEC Filings for IKAN > Form 8-K on 6-Sep-2013All Recent SEC Filings

Show all filings for IKANOS COMMUNICATIONS

Form 8-K for IKANOS COMMUNICATIONS


6-Sep-2013

Change in Directors or Principal Officers, Financial Statements and Exhibit


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

(e) On September 5, 2013, the Company entered into an amendment to the offer letter dated May 30, 2012 (and effective May 31, 2012) (the "Offer Letter") with our President & Chief Executive Officer, Mr. Omid Tahernia. The amendment to the Offer Letter generally provides for the partial acceleration of the vesting of Mr. Tahernia's equity grants that are made subsequent to the stock option grants provided to him at the time he was hired, in the event Mr. Tahernia is terminated without cause or terminates his employment for good reason (both as defined in the Offer Letter); and full acceleration of the vesting of such equity grants in the event Mr. Tahernia is terminated without cause or terminates his employment for good reason following a change of control event as defined in the Offer Letter.

A copy of the amendment to the Offer Letter is attached hereto as Exhibit 10.1 and is incorporated herein by this reference. The foregoing description of the amendment to the Offer Letter is qualified in its entirety by reference to the full text of the amendment to the Offer Letter.



Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit
  No.        Description

10.1*        Amendment to May 30, 2012 Offer Letter with Omid Tahernia effective as
             of September 5, 2013

* Denotes a management compensatory plan or arrangement.


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