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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): August 31, 2010
Symantec Corporation
(Exact Name of Registrant as Specified in Charter)
         
Delaware
(State or Other Jurisdiction of
Incorporation)
  000-17781
(Commission
File Number)
  77-0181864
(IRS Employer
Identification No.)
     
350 Ellis Street, Mountain View, CA
(Address of Principal Executive Offices)
  94043
(Zip Code)
Registrant’s Telephone Number, Including Area Code        (650) 527-8000
     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 (see General Instruction A.2. below):
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.
(e) Effective August 31, 2010, Symantec Corporation (the “Company”) entered into a Separation and Release Agreement (the “Agreement”) with Gregory Hughes to provide for the terms of his separation from the Company. The Company previously reported Mr. Hughes’ departure from the Company in a Current Report on Form 8-K filed with the Securities and Exchange Commission on July 7, 2010.
Pursuant to the terms of the Agreement, the Company will pay to Mr. Hughes a cash severance payment totaling $209,422.98. In addition, the Company has agreed to provide continued group health plan coverage through COBRA for up to 12 months at the Company’s expense. Pursuant to the Agreement, Mr. Hughes provided Symantec and its affiliates with a general liability release. The foregoing description of the Agreement is qualified in its entirety by reference to the Agreement, a copy of which is filed as Exhibit 10.01 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
     
Exhibit Number   Exhibit Title or Description
10.01
  Separation and Release Agreement, effective August 31, 2010, between Symantec Corporation and Gregory Hughes.

 


 

SIGNATURE
     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.
         
  Symantec Corporation
 
 
Date: September 7, 2010  By:   /s/ Scott C. Taylor    
    Scott C. Taylor   
    Executive Vice President, General Counsel and Secretary   
 

 


 

Exhibit Index
     
Exhibit Number   Exhibit Title or Description
10.01
  Separation and Release Agreement, effective August 31, 2010, between Symantec Corporation and Gregory Hughes.