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EX-99.1 - EX-99.1 SECOND AMENDED AND RESTATED CONSULTING AGREEMENT DATED AS OF NOVEMBER 8, 2009 - SAPIENT CORP | b78041exv99w1.htm |
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
SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): November 8, 2009
SAPIENT CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
(State or Other Jurisdiction of Incorporation)
0-28074 | 04-3130648 | |
(Commission File Number) | (I.R.S. Employer Identification No.) |
131 Dartmouth Street | ||
Boston, MA | 02116 | |
(Address of Principal Executive Offices) | (Zip Code) |
(617) 621-0200
(Registrants Telephone Number, Including Area Code)
(Registrants Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
(Former Name or Former Address, if Changed Since Last Report)
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:
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 1.01 Entry into a Material Definitive Agreement.
On November 8, 2009, Sapient Corporation (the Company) and Jerry A. Greenberg, formerly the
Companys Chief Executive Officer and Co-Chairman of the Board, entered into a Second Amended and
Restated Consulting Agreement (the Agreement) pursuant to which Mr. Greenberg will continue to
provide strategic planning, market positioning and other consulting services to the Company as
requested and directed by the Companys Chief Executive Officer. As compensation for these
services, Mr. Greenberg will be paid a monthly (or partial month, regarding services performed from
November 8 30, 2009) consulting fee (the Fee) as follows:
Period | Amount | |
November 8 November 30, 2009
|
$12,222 | |
December 1 December 31, 2009
|
$16,667 | |
January 1, 2010 December 31, 2010
|
$12,500 per month ($150,000 per year) | |
January 1, 2011 December 31, 2011
|
$16,667 per month ($200,000 per year) |
The Agreement supersedes the Consulting Agreement entered into by and between Mr. Greenberg and
Sapient on October 16, 2006 and subsequently amended and restated on November 8, 2007, and, unless
otherwise terminated by either party, the Agreement will terminate on December 31, 2011. Either
party may terminate the Agreement upon thirty (30) days prior written notice to the other party.
In the event the Agreement is terminated prior to December 31, 2011, the Fee will be paid pro rata
through the termination date.
A copy of the Agreement is filed as an exhibit to this Form 8-K and is incorporated into this Item
1.01 by this reference.
Item 9.01 Financial Statements and Exhibits.
(d) | Exhibits |
Exhibit No. | Description | |
99.1
|
Second Amended and Restated Consulting Agreement dated as of November 8, 2009 between Sapient Corporation and Jerry A. Greenberg |
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.
Date: November 12, 2009 | SAPIENT CORPORATION (Registrant) |
|||
By: | /s/ Kyle A. Bettigole | |||
Assistant Secretary | ||||
EXHIBIT INDEX
Exhibit No. | Description | |
99.1
|
Second Amended and Restated Consulting Agreement dated as of November 8, 2009 between Sapient Corporation and Jerry A. Greenberg |