UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 15, 2015
APIGEE CORPORATION
(Exact name of registrant as specified in its charter)
| Delaware | 001-37346 | 20-1367539 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
10 S. Almaden Blvd., 16th Floor
San Jose, California 95113
(Address of principal executive offices, including zip code)
(408) 343-7300
(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 (see General Instruction A.2. below):
| ¨ | 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 May 15, 2015, the Compensation Committee of the Board of Directors of Apigee Corporation approved increases to the annual base salary and target annual cash incentive opportunity for Stephen Rowland, our Vice President of Worldwide Sales. Effective May 1, 2015, Mr. Rowland’s annual base salary is increased to $300,000 and his target annual cash incentive opportunity is increased to $250,000. Mr. Rowland’s sales commission plan provides for quarterly commission payments based on total bookings attainment against quarterly quotas in bookings from the license of the Company’s licensed software, cloud service, maintenance, support, and professional service offerings.
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.
| APIGEE CORPORATION | ||||||
| Date: May 26, 2015 | By: | /s/ Stacey Giamalis | ||||
| Stacey Giamalis | ||||||
| Chief Counsel | ||||||