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TIVO > SEC Filings for TIVO > Form 8-K on 1-May-2014All Recent SEC Filings

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Form 8-K for TIVO INC


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. Effective April 29, 2014, TiVo Inc. (the "Company") adopted its Fiscal Year 2015 Bonus Plan For Executive Officers. The Fiscal Year 2015 Bonus Plan For Executive Officers provides for specified incentive compensation for the Company's executive officers. Under the Fiscal Year 2015 Bonus Plan For Executive Officers, cash bonuses, if any, will be based on the Company's achievement of specified corporate goals and individual achievement of specified departmental and individual goals by the end of the Company's fiscal year ending January 31, 2015, as determined by the Compensation Committee and/or the Board of Directors. A summary of the Fiscal Year 2015 Bonus Plan For Executive Officers is attached hereto as Exhibit 10.1 and incorporated herein by reference.
Effective May 1, 2014, the Compensation Committee approved increases in the base salaries of the Company's executive officers of 2% of their current base salary each, with the exception of Mr. Thomas Rogers, the Company's Chief Executive Officer, who did not receive any salary increase and Mr. Naveen Chopra, the Company's Chief Financial Officer & Senior Vice President Corporate Development and Strategy, whose base salary was increased by $75,000, to $450,000, and the Compensation Committee did not approve any changes in the Company's executive officers target bonus amounts from the prior year, with the exception of Mr. Chopra's target bonus amount was increased from 50% to 60% of his base salary and Mr. Matt Zinn, the Company's Senior Vice President, General Counsel and Corporate Secretary, whose target bonus amount was increased from 50% to 100% of his base salary.
Item 9.01. Financial Statements and Exhibits.
Number   Description
10.1     Summary of TiVo Inc. Fiscal Year 2015 Bonus Plan For Executive Officers

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