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): September 13, 2011
Fusion-io, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 001-35188 | 20-4232255 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
2855 E. Cottonwood Parkway, Suite 100
Salt Lake City, Utah 84121
(Address of principal executive offices) (Zip code)
(801) 424-5500
Registrants telephone number, including area code
Not Applicable
(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:
¨ | 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. |
On September 13, 2011, the Compensation Committee of Fusion-io, Inc. approved changes to base salaries for the Companys named executive officers effective September 1, 2011, as follows:
FY 2012 | FY 2011 | |||||||
David A. Flynn |
$ | 360,000 | $ | 240,000 | ||||
Dennis P. Wolf |
$ | 270,000 | $ | 220,000 | ||||
James L. Dawson |
$ | 255,000 | $ | 225,000 | ||||
Lance L. Smith |
$ | 300,000 | $ | 220,000 | ||||
Rick C. White |
$ | 240,000 | $ | 220,000 |
Also on September 13, 2011, the Compensation Committee approved targets for short-term incentive award opportunities, which awards will be based on performance for the fiscal year ended June 30, 2012. These targets will be based on the following percentages of the respective officers base salary:
FY 2012 Target | FY 2011 Target | |||||||
David A. Flynn |
100 | % | 67 | % | ||||
Dennis P. Wolf |
70 | % | 50 | % | ||||
James L. Dawson |
80 | % | 78 | % | ||||
Lance L. Smith |
70 | % | 50 | % | ||||
Rick C. White |
50 | % | 50 | % |
Incentive compensation for the Companys named executive officers has been established pursuant and subject to the terms of the Companys Executive Incentive Compensation Plan, a copy of which was filed as an exhibit to the Companys Registration Statement on Form S-1, as amended, filed on May 23, 2011.
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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.
FUSION-IO, INC. | ||
By: | /s/ Shawn J. Lindquist | |
Shawn J. Lindquist | ||
Chief Legal Officer and Executive Vice President |
Dated: September 16, 2011
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