PLANTRONICS, INC. (NYSE:PLT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On April 17, 2018, director Maria Martinez voluntarily chose to resign as a member of the board of directors of the Company ("Board") effective as of April 17, 2018 and the Board accepted her resignation. There were no disagreements between Ms. Martinez and the Company.
Furthermore, the Board appointed Mr. Guido Karel Maria Jouret, 52, as a member of the Board, which appointment occurred on April 17, 2018, immediately following Ms. Martinez' resignation. Mr.Jouretwill also serve on the Strategy Committee of the Board of Directors.
In connection his appointment to the Board of Directors, Mr.Jouret(i) was granted a restricted stock award for Plantronics common stock having a fair market value of $37,500 to Plantronics amended and restated 2003 Stock Plan and Outside Director Compensation Policy, (ii) will receive a standard quarterly non-employee director cash retainer of $12,500, (iii) will receive a standard quarterly cash retainer for his membership on the Strategy Committee of $1,875, (iv) is eligible to receive a restricted stock award for shares of Plantronics common stock having a fair market value of $150,000 on the date of Plantronics' next annual meeting of stockholders, and (v) will enter into a standard director indemnification agreement with Plantronics.
A copy of the press release announcing the resignation and appointment of directors is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits
The following exhibits are furnished as part of this Current Report on Form 8-K:
PLANTRONICS INC /CA/ ExhibitEX-99.1 2 ex991guidojouretappointmen.htm EXHIBIT 99.1 Exhibit Plantronics Announces Guido Jouret as a New Board Memberand Resignation of Maria MartinezSanta Cruz,…To view the full exhibit click here
About PLANTRONICS, INC. (NYSE:PLT)
Plantronics, Inc. (Plantronics) is engaged in the design, manufacture, and distribution of headsets for business and consumer applications, and other specialty products for the hearing impaired. The Company is a global designer, manufacturer and marketer of communications headsets, telephone headset systems, other communication endpoints and accessories for the business and consumer markets. The Company develops communication products for offices and contact centers, mobile devices, cordless phones, and computers and gaming consoles. Its product categories include Enterprise, which includes corded and cordless communication headsets, audio processors, and telephone systems, and Consumer, which includes Bluetooth and corded products for mobile device applications, personal computer (PC) and gaming headsets, and specialty products marketed for hearing impaired individuals. It offers its products under two brands: Plantronics and Clarity.
