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SNDK > SEC Filings for SNDK > Form 8-K on 21-Feb-2014All Recent SEC Filings

Show all filings for SANDISK CORP

Form 8-K for SANDISK CORP


21-Feb-2014

Change in Directors or Principal Officers


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

(e) Compensatory Arrangements of Certain Officers

On February 18, 2014, the Compensation Committee of the Board of Directors of SanDisk Corporation (the "Company"), took a number of actions affecting officer compensation, including the approval of bonuses for fiscal year 2013 for each of the Company's named executive officers for whom compensation was disclosed in the Company's most recent proxy statement (the "Named Executive Officers"), as follows:

                                                                        2013 Bonus
       Name                               Title                           Amount
Sanjay Mehrotra      President and Chief Executive Officer               $3,063,750
Judy Bruner          Executive Vice President, Administration and        $1,275,000
                     Chief Financial Officer
Sumit Sadana         Executive Vice President and Chief Strategy           $960,000
                     Officer

The Compensation Committee also approved the following base salary amounts, effective as of February 18, 2014, for each of the Named Executive Officers below:

       Name                               Title                         2014 Base Salary
Sanjay Mehrotra      President and Chief Executive Officer                    $1,000,000
Judy Bruner          Executive Vice President, Administration and               $620,000
                     Chief Financial Officer
Sumit Sadana         Executive Vice President and Chief Strategy                $516,000
                     Officer

The Compensation Committee also approved the following target bonus percentages (as a percentage of base salary) for each of the Named Executive Officers below:

                                                                        2014 Target
                                                                           Bonus
       Name                               Title                         Percentage
Sanjay Mehrotra      President and Chief Executive Officer                 150%
Judy Bruner          Executive Vice President, Administration and          100%
                     Chief Financial Officer
Sumit Sadana         Executive Vice President and Chief Strategy            90%
                     Officer


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