UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of report (Date of earliest event reported): August 25, 2014 (August 19, 2014)
JDS UNIPHASE CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
| Delaware | 000-22874 | 94-2579683 | ||
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) | (IRS Employer Identification Number) | ||
| 430 North McCarthy Boulevard, Milpitas, CA | 95035 | |||
| (Address of Principal Executive Offices) | (Zip Code) | |||
(408) 546-5000
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Reporting)
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 August 19, 2014, the Compensation Committee of the Board of Directors of JDS Uniphase Corporation (the “Company”) approved the following increases in the target incentive opportunity of several of the Company’s named executive officers (“NEOs”) under the Company’s Variable Pay Plan (the “VPP”), effective June 29, 2014. The increased rate will apply to the awards the NEOs receive under the VPP during fiscal year 2015.
| Name |
Fiscal Year 2014 TIO |
Fiscal Year 2015 TIO |
||||||
| Rex Jackson, Executive Vice President and Chief Financial Officer |
75 | % | 80 | % | ||||
| David Heard, Executive Vice President and President, Network Enablement and Service Enablement |
75 | % | 85 | % | ||||
| Alan Lowe, Executive Vice President and President, Communications and Commercial Optical Products |
75 | % | 85 | % | ||||
| Andrew Pollack, Senior Vice President, General Counsel and Secretary |
60 | % | 70 | % | ||||
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.
| JDS Uniphase Corporation | ||
| By: | /s/ Andrew Pollack | |
| Andrew Pollack Senior Vice President, General Counsel and Secretary | ||
August 25, 2014