Attached files
file | filename |
---|---|
EX-99.1 - PRESS RELEASE - BLUE COAT SYSTEMS INC | dex991.htm |
EX-99.3 - SEPARATION AGREEMENT - BLUE COAT SYSTEMS INC | dex993.htm |
EX-99.2 - SEPARATION AGREEMENT - BLUE COAT SYSTEMS INC | dex992.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): May 4, 2011
BLUE COAT SYSTEMS, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware | 000-28139 | 91-1715963 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) | (I.R.S. Employer Identification Number) |
420 North Mary Avenue
Sunnyvale, California 94085
(408) 220-2200
(Addresses, including zip code, and telephone numbers, including area code, of principal executive offices)
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 2.02. |
Results of Operations and Financial Condition. |
On May 5, 2011, Blue Coat Systems, Inc. (the Company) issued a press release announcing updated guidance for its fourth fiscal 2011 quarter ended April 30, 2011. A copy of the Companys press release announcing its updated guidance is attached hereto as Exhibit 99.1.
The information in this Current Report, including Exhibit 99.1, is being furnished and shall not be deemed filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report, including Exhibit 99.1, shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On May 5, 2011, the Company announced that Brian M. NeSmith, former Chief Product Officer, and David de Simone, former Senior Vice President, Products & Technology, each ceased to serve as executive officers of the Company on May 4, 2011, and that their employment with the Company will terminate June 30, 2011.
The Company has entered into a separation agreement with each of Mr. NeSmith and Mr. de Simone. Mr. NeSmiths separation agreement provides for payment to him of a lump sum severance payment of $190,000, representing six months base salary. Mr. de Simones separation agreement provides for payment to him of a lump sum severance payment of $170,000, representing six months base salary. In exchange for the severance payment, each individual has released all claims against the Company.
Item 9.01 |
Financial Statements and Exhibits. |
(d) Exhibits.
99.1 |
Press Release of Blue Coat Systems, Inc., dated May 5, 2011, announcing new product groups, executive departures and updated guidance for the fourth fiscal 2011 quarter ended April 30, 2011. | |
99.2 |
Separation agreement, dated May 4, 2011, between Brian M. NeSmith and Blue Coat Systems, Inc. | |
99.3 |
Separation agreement, dated May 4, 2011, between David de Simone and Blue Coat Systems, Inc. |
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.
BLUE COAT SYSTEMS, INC. | ||||||
DATE: May 5, 2011 |
By: |
/s/ Michael J. Borman | ||||
Michael J. Borman President and Chief Executive Officer |
INDEX TO EXHIBITS
Exhibit Number | Description | |
99.1 | Press Release of Blue Coat Systems, Inc., dated May 5, 2011, announcing new product groups, executive departures and updated guidance for the fourth fiscal 2011 quarter ended April 30, 2011 | |
99.2 | Separation agreement, dated May 4, 2011, between Brian M. NeSmith and Blue Coat Systems, Inc. | |
99.3 | Separation agreement, dated May 4, 2011, between David de Simone and Blue Coat Systems, Inc. |