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): November 2, 2011
Imation
Corp.
(Exact
name of registrant as specified in its charter)
DELAWARE |
1-14310 |
41-1838504 |
||
(State or other jurisdiction |
(Commission File Number) |
(IRS Employer |
1 IMATION WAY |
55128 |
|
(Address of principal executive offices) |
(Zip Code) | |
Registrant’s telephone number, including area code: |
(651) 704-4000 |
None |
(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.
(e) On November 2, 2011, the Board of Directors approved the design and categories of financial performance targets for the Company for its 2012 Annual Bonus Plan. The payout of bonuses will be derived through achievement of certain levels of board approved performance targets for operating income, free cash flow and gross margin on certain products considered growth products for the Company and if a bonus is payable, it may be adjusted up or down (+/-10%) based on achievement of individual performance objectives.
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.
Imation Corp. |
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(REGISTRANT) |
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Date: | November 4, 2011 | By: |
/s/ Paul R. Zeller |
|
Paul R. Zeller |
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Senior Vice President and Chief Financial Officer |