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UBNT > SEC Filings for UBNT > Form 8-K on 18-Oct-2013All Recent SEC Filings

Show all filings for UBIQUITI NETWORKS, INC.

Form 8-K for UBIQUITI NETWORKS, INC.


18-Oct-2013

Change in Directors or Principal Officers, Financial Statements and Exhib


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

On October 11, 2013, the General Counsel and Vice President of Legal Affairs of Ubiquiti Networks, Inc. (the "Company"), Jessica Zhou, resigned from the Company to pursue other opportunities. The Company and Ms. Zhou entered into a release agreement on October 18, 2013, under which Ms. Zhou will receive (i) a payment in the amount of $500,000, less applicable withholding, (ii) the immediate accelerated vesting of 27,500 unvested restricted stock units ("RSU") which were part of an RSU award granted on May 8, 2012, and (iii) payment for premiums, less applicable withholdings, for continued health insurance under the Consolidated Omnibus Budget Reconciliation Act (COBRA) for twelve months.



Item 9.01 Financial Statements and Exhibits

Exhibit 10.1 Release of Claims between the Company and Jessica Zhou, dated October 18, 2013.


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