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): December 8, 2016 (December 2, 2016)
DISH NETWORK CORPORATION
(Exact name of registrant as specified in its charter)
NEVADA (State or other jurisdiction |
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0-26176 (Commission File Number) |
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88-0336997 (IRS Employer |
9601 SOUTH MERIDIAN BLVD. (Address of principal executive offices) |
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80112 (Zip Code) |
(303) 723-1000
(Registrants telephone number, including area code)
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:
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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)) |
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 2, 2016, the Board of Directors and the Compensation Committee (the Committee) of the Board of Directors of DISH Network Corporation (DISH) approved a long-term, performance-based stock incentive plan (the 2017 LTIP) under DISHs 2009 Stock Incentive Plan. The purpose of the 2017 LTIP is to promote DISHs interests and the interests of DISHs stockholders by providing key employees with financial rewards through equity participation upon achievement of certain specified long-term business objectives. The employees eligible to participate in the 2017 LTIP generally include DISHs executive officers, senior vice presidents, vice presidents and director-level employees. Employees participating in the 2017 LTIP are expected to receive a one-time award of an option (option) to purchase a specified number of shares of Class A common stock of DISH with an exercise price per share equal to the closing price of the Class A common stock of DISH on the date of grant or the last trading day prior to the date of grant (if the date of grant is not a trading day). Awards will initially be granted under the 2017 LTIP as of January 1, 2017. The options will vest based upon DISHs achievement prior to December 31, 2020 of certain performance criteria determined by the Committee; provided, however, that none of the options will vest if DISH fails to achieve the performance criteria.
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.
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DISH NETWORK CORPORATION | |
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Date: December 8, 2016 |
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/s/ R. Stanton Dodge |
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R. Stanton Dodge |