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 2, 2014
E2open, Inc.
(Exact name of Registrant as specified in its charter)
| Delaware | 001-35598 | 94-3366487 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
4100 East Third Avenue, Suite 400
Foster City, California 94404
(Address of principal executive offices, including zip code)
(650) 645-6500
(Registrant’s 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 May 2, 2014, fiscal year 2014 cash bonuses for the named executive officers of E2open, Inc. (the “Company”) under the fiscal 2014 Executive Incentive Plan (the “Plan”) were approved by the Company’s Board of Directors (the “Board”). The Board evaluated the named executive officers against a revised set of performance targets consistent with the Company’s strategy to focus on growth in annual recurring subscription revenue during fiscal year 2014. As a result, each of the named executive officers were paid at 100% of the target amounts under the Plan. The following table sets forth the cash bonus amounts paid to the Company’s named executive officers:
| Name and Position |
Bonus Amount ($) | |||
| Mark E. Woodward—President and Chief Executive Officer |
387,500 | |||
| Peter J. Maloney—Chief Financial Officer |
200,000 | |||
| David W. Packer—Senior Vice President, Worldwide Field Operations |
150,000 | |||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 8, 2014
| E2OPEN, INC. | ||
| By: | /s/ Peter J. Maloney | |
| Name: | Peter J. Maloney | |
| Title: | Chief Financial Officer | |