8-K 1 d8k.htm FORM 8-K Form 8-K

 

 

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): November 17, 2010

 

 

Tessera Technologies, Inc.

(Exact name of Registrant as Specified in its Charter)

 

 

 

Delaware   000-50460   16-1620029

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

3025 Orchard Parkway

San Jose, California 95134

(Address of Principal Executive Offices)

(408) 321-6000

(Registrant’s 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 (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ 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) On November 17, 2010, the Compensation Committee of the Board of Directors of Tessera Technologies, Inc. (“Tessera”) approved the annual base salary levels of executive officers of Tessera effective January 1, 2011. The Compensation Committee also approved incentive cash bonus targets equal to a percentage of each executive officer’s base salary under Tessera’s 2007 Performance Bonus Program pursuant to which Tessera’s executive officers would be eligible to be paid incentive compensation for 2011. The annual base salary levels and target percentages are set forth below:

 

Name

 

Title

 

Annual Base Salary

 

Target Percentage

Henry R. Nothhaft   Chairman and Chief Executive Officer   $528,000   100%
Michael Anthofer   Executive Vice President and Chief Financial Officer   $329,600   60%
Bernard J. Cassidy   Executive Vice President, General Counsel and Secretary   $315,000   60%
John Keating   Interim Executive Vice President, Imaging and Optics   $298,700   50%


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.

 

Date: November 22, 2010      TESSERA TECHNOLOGIES, INC.
     By:   

/S/    MICHAEL ANTHOFER        

     Name:    Michael Anthofer
     Title:   

Executive Vice President and

Chief Financial Officer