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FEIC > SEC Filings for FEIC > Form 8-K on 14-Feb-2014All Recent SEC Filings

Show all filings for FEI CO

Form 8-K for FEI CO


14-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

Extension of Severance and Change of Control Agreements On February 12, 2014, the Compensation Committee (the "Committee") of the Board of Directors of FEI Company (the "Company") approved extending the existing severance and change of control arrangements with Dr. Kania, the Company's President and Chief Executive Officer; Mr. Link, the Company's Executive Vice President and Chief Financial Officer; Mr. Loh, the Company's Executive Vice President and Chief Operating Officer; and Mr. Thies, the Company's Senior Vice President, General Counsel and Secretary. The agreements will be renewed for an additional 3-year term commencing on May 16, 2014. In deciding to extend the arrangements, the Committee took into account a review of severance and change of control benefit practices and benchmarking prepared by Compensia, the Committee's independent compensation consultant. A description of the severance and change of control arrangements can be found in the Company's Proxy Statement for 2013.

Management Variable Plan Payout
The Company determined payments under the its Management Variable Plan ("MVP")
to the Company's named executive officers (as such term is defined in Item
401(a)(3) of Regulation S-K) for performance in 2013. The payments were
calculated in accordance with the metrics disclosed by the Company in a Current
Report on Form 8-K filed on December 14, 2012. The amounts payable to the named
executive officers are as follows:

                           Incentive Payments
Named Executive Officer:     Under 2013 MVP

Don R. Kania                    $592,477
Raymond A. Link                 $206,909
Benjamin Loh                    $293,482
Bradley J. Thies                $135,798


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