TiVo Corporation (NASDAQ:TIVO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Directors of TiVo Corporation approved the 2017 Senior
Executive>Company>Incentive Plan (the Plan) for the Chief
Executive Officer and his executive-level direct reports. Named
executive officers (as defined in Item 402(a)(3) of Regulation
S-K promulgated by the Securities and Exchange Commission) will
participate in the Plan. A copy of the Plan is attached to this
report as Exhibit 10.1.
incentive awards based upon the Companys and the individual
employees performance. Company performance is based upon the
Company achieving a worldwide revenue target and a worldwide
Adjusted EBITDA target. Individual performance is based upon the
evaluation of the individual employees performance and
contribution for the fiscal year. As in past years, awards are
expected to be targeted as a percentage of a participants annual
salary.
8-K:
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Exhibit
Number
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Description
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|
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10.1
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2017 Senior Executive Company Incentive Plan
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About TiVo Corporation (NASDAQ:TIVO)
TiVo Corporation, formerly Titan Technologies Corporation, is a holding company. The Company’s subsidiaries include Rovi Corporation and TiVo Inc. The Company, through TiVo Inc., is engaged in providing video technology software services and cloud-based software-as-a-service solutions. TiVo Inc.’s software and cloud-based services provide an approach for navigating content chaos by combining live, recorded, Video on Demand (VOD) content into an intuitive user interface with universal search, discovery, viewing and recording, and creating a unified viewing experience. The Company, through Rovi Corporation, provides a set of content discovery solutions that are embedded in its customers’ products and services to connect consumers with entertainment, including device embedded and cloud-based interactive program guides (IPGs), natural language conversational voice and text search and recommendation services, among others. TiVo Corporation (NASDAQ:TIVO) Recent Trading Information
TiVo Corporation (NASDAQ:TIVO) closed its last trading session up +0.45 at 18.95 with 743,661 shares trading hands.
