Attached files
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| EX-10.15 - WEB.COM GROUP, INC. | v210630_ex10-15.htm |
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): February 3, 2011
Web.com
Group, Inc.
(Exact
name of registrant as specified in its charter)
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Delaware
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000-51595
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94-3327894
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(State
or other jurisdiction of
incorporation)
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(Commission
File Number)
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(IRS
Employer Identification
No.)
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12808
Gran Bay Parkway West, Jacksonville, FL
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32258
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code:
(904) 680-6600
(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 (see
General Instruction A.2. below):
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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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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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
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Item
5.02
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
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(e)
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Compensatory
Arrangements of Certain Officers
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2011 Salary Information for Named
Executive Officers
On February 3, 2011, the Compensation
Committee (the “Compensation Committee”) of the Board of directors (the “Board”)
of Web.com Group, Inc. (the “Company”), approved the annual base salaries for
certain of the Company’s named executive officers (as defined in Item 402(a)(3)
of Regulation S-K). The 2011 annual base salaries became effective as
of the same date and are set forth on Exhibit 10.15 to this Current Report
on Form 8-K.
Payment of 2010 Bonuses for Named
Executive Officers
On February 3, 2011, the Compensation
Committee approved cash bonus payments for 2010 to be paid to certain of the
Company’s named executive officers. The payments were based on the Compensation
Committee’s evaluation of certain individual and corporate performance
objectives achieved during fiscal 2010. The 2010 bonus payments will be paid as
soon as practical, and are set forth on Exhibit 10.15 to this Current
Report on Form 8-K.
Establishment of 2011 Target Bonuses
for Named Executive Officers
On February 3, 2011, the Compensation
Committee established the target bonuses for the Company’s named executive
officers for 2011, expressed as a percentage of the annual base salary for each
named executive officer. Bonuses will be earned based on the achievement of
certain levels of non-GAAP earnings per share and revenue (the “Financial
Performance Indicators”) and may be paid in a mixture of cash and stock awards
at the discretion of the Compensation Committee. The amount of a
bonus for a named executive officer that will ultimately be paid for performance
in 2011 will be based on the Compensation Committee’s evaluation, in its sole
discretion, of the Company’s Financial Performance Indicators, other factors the
Compensation Committee deems relevant and that named executive officer’s
performance in 2011. The target bonuses for the named executive
officers for 2011, expressed as a percentage of each named executive officer’s
annual base salary, are set forth on Exhibit 10.15 to this Current Report
on Form 8-K.
Equity Grants to Named Executive
Officers
On February 2, 2011, the Compensation
Committee approved the grant of restricted stock awards under the Company’s 2008
Equity Incentive Plan (the “2008 Plan”) and stock options under the Company’s
2005 Equity Incentive Plan (the “2005 Plan”) to the Company’s named executive
officers. The equity grants are set forth on Exhibit 10.15 to this Current
Report on Form 8-K.
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.
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Web.com
Group, Inc.
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Date:
February 9, 2011
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By:
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/s/ Matthew P. McClure | |
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Matthew
P. McClure, Secretary
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INDEX
OF EXHIBITS
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Exhibit
No.
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Description
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10.15
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Compensation
Information for Named Executive
Officers
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+
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Indicates
management contract or compensatory
plan.
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