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ALGN > SEC Filings for ALGN > Form 8-K on 7-Feb-2014All Recent SEC Filings

Show all filings for ALIGN TECHNOLOGY INC

Form 8-K for ALIGN TECHNOLOGY INC


7-Feb-2014

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 3, 2014, 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 4, 2014, 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 and Director   $                900,000
David L. White
Chief Financial Officer                           $                159,656  *
Jennifer M. Erfurth
Vice President, Global Human Resources            $                279,695

*Mr. White joined Align in July 2013. As a result, his annual cash incentive award was pro rated based on the number of months he was employed in 2013.

In addition, an increase to the annual base salaries (effective as of January 27, 2014) of the Company's executive officers was also approved. The table below sets forth the annual base salary levels for 2014 for the Company's current named executive officers:

Name                                               2014 Base Salary
Thomas M. Prescott
President, Chief Executive Officer and Director   $         650,000
David L. White
Chief Financial Officer                           $         407,000
Jennifer M. Erfurth
Vice President, Global Human Resources            $         331,200


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