Attached files
file | filename |
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EX-31.1 - EX-31.1 - COMPELLENT TECHNOLOGIES INC | c56634exv31w1.htm |
EX-31.2 - EX-31.2 - COMPELLENT TECHNOLOGIES INC | c56634exv31w2.htm |
EX-32.1 - EX-32.1 - COMPELLENT TECHNOLOGIES INC | c56634exv32w1.htm |
EX-21.1 - EX-21.1 - COMPELLENT TECHNOLOGIES INC | c56634exv21w1.htm |
EX-23.1 - EX-23.1 - COMPELLENT TECHNOLOGIES INC | c56634exv23w1.htm |
EX-10.18 - EX-10.18 - COMPELLENT TECHNOLOGIES INC | c56634exv10w18.htm |
EX-10.16 - EX-10.16 - COMPELLENT TECHNOLOGIES INC | c56634exv10w16.htm |
EX-10.17 - EX-10.17 - COMPELLENT TECHNOLOGIES INC | c56634exv10w17.htm |
EX-10.14.II - EX-10.14.II - COMPELLENT TECHNOLOGIES INC | c56634exv10w14wii.htm |
10-K - FORM 10-K - COMPELLENT TECHNOLOGIES INC | c56634e10vk.htm |
Exhibit 10.19
[Compellent Technologies, Inc. Letterhead]
July 30, 2009
Sherman Black
10764 Purdey Road
Eden Prairie, MN 55347
10764 Purdey Road
Eden Prairie, MN 55347
Dear Sherman,
On behalf of the Compellent Technologies Board of Directors and team, I am pleased to extend this
offer for you to join our Board of Directors effective July 30, 2009.
This offer includes board fees of $20,500 per year and $6,000 per year for membership on the Audit
Committee. All fees are paid quarterly during the third month of the quarter.
In addition to the cash fees above, you will also be granted a stock option valued at $250,000
using the pricing variables of the Black-Scholes option valuation model. I currently estimate this
will approximate 31,250 shares but the exact number will be calculated as of your start date. The
exercise price will be the Fair Market Value of the Companys Common Stock as determined in
accordance with the terms of the 2007 Plan, which is the closing price as reported on the NYSE on
the grant date. The terms and vesting associated with these options are contained in the Employee
Stock Option Agreement which is included with this letter. The option will vest over three years.
Your acceptance signature below indicates that Compellent has discussed the need to honor the
confidentiality of current and previous employers and board directorships proprietary assets, has
specifically informed you not to bring any proprietary assets belonging to a third party to
Compellent, and that you understand that it is not acceptable for you to use those assets which
rightfully belong to a current or previous employer or board directorships. Your acceptance
signature below also indicates that you are not under any contractual obligations to any previous
employer or third party that would preclude your membership on the Board of Directors with
Compellent.
Sherman, the entire Compellent team is excited to have you join the team! Please signify your
acceptance to this offer with your signature below and return a signed copy to Jack Judd, Chief
Financial Officer, by July 31, 2009. Congratulations!
Sincerely,
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Accepted by: | |
/s/ Phil Soran
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/s/ Sherman Black | |
Phil Soran
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Date: 7/30/09 | |
President & CEO |
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Enclosures |