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): April 25, 2006
Symantec Corporation
(Exact Name of Registrant as Specified in Charter)
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| Delaware
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000-17781
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77-0181864 |
| (State or Other Jurisdiction of
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(Commission
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(IRS Employer |
| Incorporation)
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File Number)
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Identification No.) |
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| 20330 Stevens Creek Blvd., Cupertino, CA
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95014 |
| (Address of Principal Executive Offices)
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(Zip Code) |
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| Registrant’s Telephone Number, Including Area Code
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(408) 517-8000 |
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))
TABLE OF CONTENTS
Item 1.01. Entry into a Material Definitive Agreement
On
April 25, 2006, the Board of Directors of Symantec Corporation (the “Company”) approved an amendment
to the Symantec Executive Retention Plan (the “Plan”). Pursuant to the terms of the Plan,
if the employment of a Designated Executive is terminated other than for Cause,
or if the
Designated Executive resigns following a Constructive Termination, in either case within 12 months after a Change in Control of the Company, all Equity Compensation Awards
granted by the Company to such Designated Executive shall become fully vested and, if applicable, exercisable. The amendment expanded the forms of equity compensation subject
to the Plan to include, among others, restricted stock, restricted stock units and stock appreciation rights. Prior to this amendment, the only form of equity compensation
subject to the Plan was stock options. Unless otherwise defined, capitalized terms used in this Form 8-K have the meanings set forth in the Plan, which is attached hereto as
Exhibit 10.01 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
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Exhibit Title or Description |
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10.01*
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Symantec Executive Retention Plan, as amended |
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Management contract or compensatory plan or arrangement. |