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): October 23, 2007
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
(Address of Principal Executive Offices)
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95014
(Zip Code) |
Registrant’s Telephone Number, Including Area Code (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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
TABLE OF CONTENTS
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers.
On October 23, 2007, Geraldine B. Laybourne, Founder, Chairman and Chief Executive Officer of
Oxygen Media Corporation, was appointed by the Board of Directors (the “Board”) of Symantec
Corporation (the “Company”) as an independent director of the Company. Ms. Laybourne’s
appointment is effective as of January 1, 2008. A press release announcing Ms. Laybourne’s
appointment to the Board is attached as exhibit 99.01 hereto, and is incorporated herein by
reference.
Pursuant to the Company’s 2004 Equity Incentive Plan, as amended, non-employee directors are
eligible to annually receive a restricted stock unit (“RSU”) award with a value of $180,000 on the
first business day following the first regular Board meeting of each fiscal year. Ms. Laybourne
will receive an initial RSU grant on January 2, 2008, the first business day following the date of
her appointment to the Board, representing a prorated amount based on the number of days from the
date of her appointment to the Board through the date of the first regular Board meeting in fiscal
year 2009. Ms. Laybourne’s RSU grant will fully vest on January 2, 2009, as long as she serves on
the Board on such date.
On the
effective date of her appointment, Ms. Laybourne is expected to enter into the Company’s standard form
of Indemnity Agreement which provides for indemnification of the indemnitee to the full extent
allowed by Delaware law.
On the date of her appointment, Ms. Laybourne was not appointed to any committees of the Board.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
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Exhibit Title or Description |
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99.01
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Press release issued by Symantec Corporation, dated October 29, 2007 |