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FLDM > SEC Filings for FLDM > Form 8-K on 10-Mar-2014All Recent SEC Filings

Show all filings for FLUIDIGM CORP



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 March 4, 2014, Fluidigm Corporation (the "Company") entered into a letter agreement with William M. Smith, the Company's Executive Vice President, Legal Affairs, General Counsel, and Secretary, pursuant to which Mr. Smith will be seconded to serve as President and Acting General Manager of Fluidigm Canada Inc., an Ontario corporation (formerly named DVS Sciences Inc.), an indirect, wholly-owned subsidiary of the Company (the "Secondment Agreement"). The term of the secondment is currently anticipated to be up to one year.
The Secondment Agreement does not result in any modification to Mr. Smith's current levels of compensation, including his base salary, target bonus potential, or equity compensation. However, as part of the secondment, Mr. Smith will receive a secondment allowance of up to $125,000 to cover travel and relocation expenses, housing, and other fringe benefits. Mr. Smith will also receive tax equalization benefits such that his income and social security tax liabilities as a result of the secondment will approximate the amount that he would have paid had he remained in California.
The foregoing description is qualified in its entirety by reference to the Secondment Agreement, which will be filed as an exhibit to the Company's Form 10-Q for the period ending March 31, 2014.

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