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CPWR > SEC Filings for CPWR > Form 8-K on 27-Sep-2013All Recent SEC Filings

Show all filings for COMPUWARE CORP

Form 8-K for COMPUWARE CORP


27-Sep-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.

On September 27, 2013, Compuware Corporation ("Compuware") notified Peter Karmanos Jr., its former Chairman and Chief Executive Officer, that it was terminating his post-retirement consulting agreement, dated October 25, 2012 (also called the transition employment agreement, the "Agreement"), for cause, effective October 1, 2013. As a result of such termination, Mr. Karmanos will receive, as provided in the Agreement, his base salary payable through the date of termination and any bonus payments earned through the date of termination, payable in accordance with the bonus plan's terms for employment termination due to cause. The outstanding stock options and restricted stock units held by Mr. Karmanos will be treated in accordance with the terms of the related grant agreements relating to termination of employment for cause, as provided in the Agreement. The Agreement is described in Compuware's Current Report on Form 8-K, filed October 29, 2012, and such description is incorporated herein by reference.

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