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EX-10.27 - FAIRCHILD SEMICONDUCTOR 2007 STOCK PLAN - FAIRCHILD SEMICONDUCTOR INTERNATIONAL INCdex1027.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): May 5, 2011

 

 

FAIRCHILD SEMICONDUCTOR INTERNATIONAL, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-15181   04-3363001

(State or other jurisdiction of

incorporation or organization)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

3030 Orchard Parkway

San Jose, California 95134

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (408) 822-2000

 

 

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:

 

¨ 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.

At our annual stockholders’ meeting held on May 5, 2011, stockholders approved an amendment to the Fairchild Semiconductor 2007 Stock Plan to increase the number of shares of our common stock that may be issued under the plan by 4,400,000 shares. The amended version of the plan is summarized in our definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on March 25, 2011, in connection with the annual meeting, and is incorporated by reference. This description of the amendments to the plan is qualified in its entirety by reference to the actual terms of the plan, which is attached as Exhibit 10.27 to this report.

Also, on May 5, 2011, our board of directors elected Mr. Terry A. Klebe to the board of directors. Prior to joining our board, Mr. Klebe was senior vice president and chief financial officer of Cooper Industries plc, a multinational industrial manufacturing company with 2010 revenues of $5.1 billion, from 2002 until announcing his retirement in February 2010. He continued to serve as vice chairman at Cooper until his retirement in April 2011. Prior to becoming CFO, Mr. Klebe held senior executive management roles at Cooper in information technology, operations and finance. Prior to joining Cooper, Mr. Klebe was a partner with Ernst & Young LLP. Mr. Klebe will join our audit committee.

 

Item 5.07 Submission of Matters to a Vote of Security Holders

At our annual stockholders’ meeting held on May 5, 2011, stockholders approved the five proposals listed below. The matters voted upon, including the number of votes cast for, against, as well as the number of abstentions and broker non-votes were as follows:

Proposal No. 1: Elect eight directors to serve until the 2012 annual meeting of stockholders.

 

     Votes For      Votes Against      Abstentions      Non-Votes  

Charles Carinalli

     105,208,041         4,536,073         11,726         16,852,806   

Randy W. Carson

     106,336,850         3,388,871         30,119         16,852,806   

Anthony Lear

     107,156,559         2,587,143         12,138         16,852,806   

Thomas L. Magnanti

     107,973,598         1,751,617         30,625         16,852,806   

Kevin J. McGarity

     106,134,411         3,606,970         14,459         16,852,806   

Bryan R. Roub

     107,190,155         2,551,428         14,257         16,852,806   

Ronald W. Shelly

     105,648,603         4,073,879         33,358         16,852,806   

Mark S. Thompson

     105,374,478         4,367,308         14,054         16,852,806   


Proposal No. 2: To approve an amendment to the Fairchild Semiconductor 2007 Stock Plan

 

Votes For    Votes Against    Abstentions    Non-Votes
81,959,985    22,306,249    5,489,606    16,852,806

Proposal No. 3: An advisory vote on executive compensation

 

Votes For    Votes Against    Abstentions    Non-Votes
101,504,140    2,460,860    5,790,840    16,852,806

Proposal No. 4: A vote on the frequency of future advisory votes on executive compensation

 

1 Year    2 Years    3 Years    Abstain    Non-Votes
93,185,385    250,553    10,842,019    5,477,883    16,852,806

Proposal No. 5: Ratify the appointment of KPMG LLP as the company’s independent registered public accounting firm.

 

Votes For    Votes Against    Abstentions    Non-Votes
123,721,284    2,673,638    213,724    —  

 

Item: 9.01 Exhibits

Exhibit 10.27 Fairchild Semiconductor 2007 Stock Plan.


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 thereunto duly authorized.

 

  Fairchild Semiconductor International, Inc.

Date: May 10, 2011

 

/s/    Paul D. Delva

  Paul D. Delva
 

Senior Vice President, General Counsel and

Corporate Secretary