Delaware | 001-33278 | 20-5961564 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
Address of principal executive offices:
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637 Davis Drive, Morrisville, NC 27560 | |
Registrants telephone number, including area code:
|
(919) 767- 3250 |
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 40.13e-4(c)) |
Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
The terms of Mr. Stumpes employment agreement, dated as of April 1, 2006 (filed as Exhibit 10.15.2 to the Quarterly Report on Form 10-Q for the Fiscal Quarter Ended March 30, 2007), with Stratex and assumed by the Company in connection with the January 26, 2007 merger involving the Company and Stratex, are substantially the same as the previously reported standard form of executive employment agreement for the Company, including the severance and change of control provisions therein. Mr. Stumpes current annual base salary is $309,000 and he is eligible to receive a targeted $150,000 incentive payment under the Companys executive incentive bonus plan.
HARRIS STRATEX NETWORKS, INC. |
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By: | /s/ Juan Otero | |||
Name: | Juan Otero | |||
Title: | General Counsel and Secretary | |||