Q3 2012 Departure of Director and New Director 8K



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 8-K

            
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 30, 2012

            
ALTERA CORPORATION
(Exact name of registrant as specified in its charter)

Delaware
 
0-16617
 
77-0016691
(State or Other Jurisdiction
of Incorporation)
 
(Commission File Number)
 
(IRS Employer
Identification No.)
 
101 Innovation Drive, San Jose, California
 
95134
(Address of principal executive offices)
 
(Zip Code)
Registrant's telephone number, including area code: (408) 544-7000

Not Applicable
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

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 240.13e-4(c))














Item 5.02.  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
     (b)          
On July 30, 2012, Krish A. Prabhu resigned his position as a director of Altera Corporation (the “Company”).  His resignation is effective immediately.
(d)          
On July 30, 2012, the Company announced the election of A. Blaine Bowman to serve as a new member of the Company's board of directors and audit committee, effective July 30, 2012.  Mr. Bowman is currently a director of Illumina, Inc.  Mr. Bowman will participate in the non-employee director compensation arrangements described in the Company's 2012 proxy statement. He will receive an annual cash retainer of $50,000 for his service on the board of directors and an annual cash retainer of $12,000 for his service on the audit committee. As a new non-employee director, Mr. Bowman received a stock option grant of 40,000 shares upon first becoming a director. In connection with the election, the Company entered into an indemnification agreement with Mr. Bowman, the terms of which are identical in all material respects to the form of indemnification agreement that the Company has previously entered into with each of its directors, which was filed with the Securities and Exchange Commission as Exhibit 10.3 to the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended September 26, 2008.
A copy of the press release announcing Mr. Bowman's election is included herewith as Exhibit 99.1 and incorporated herein by reference. 

Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
 \

99.1 Press Release dated July 30, 2012






SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ALTERA CORPORATION
 
/s/ John P. Daane
John P. Daane
President and Chief Executive Officer
(Principal Executive Officer)
Dated : July 31, 2012






EXHIBIT INDEX 
 
Exhibit No.       Description 
99.1 
Press Release dated July 30, 2012