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): January 18, 2007
Symantec Corporation
(Exact Name of Registrant as Specified in Charter)
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| Delaware
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000-17781
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77-0181864 |
| (State or Other Jurisdiction of
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(Commission
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(IRS Employer |
| Incorporation)
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File Number)
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Identification No.) |
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| 20330 Stevens Creek Blvd., Cupertino, CA
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95014 |
| (Address of Principal Executive Offices)
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(Zip Code) |
Registrant’s Telephone Number, Including Area Code (408) 517-8000
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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
TABLE OF CONTENTS
Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers; Compensatory Arrangements of Certain Officers.
(b) and (c) On January 18, 2007, Symantec Corporation (the “Company”) appointed George W.
Harrington as Senior Vice President, Finance, and Chief Accounting Officer of the Company, and in
this capacity Mr. Harrington will serve as the Company’s principal accounting officer. Stephen C.
Markowski, who served as the Company’s Chief Accounting Officer until January 18, 2007, will
continue in his current position as Vice President of Finance of the Company.
Mr. Harrington joined the Company as Senior Vice
President, Finance Operations in May 2006. Prior
to joining the Company, Mr. Harrington had served as Senior Vice President and Chief Financial
Officer of BMC Software, Inc., a software solutions provider, from March 2004 to September 2005, and had served in
a variety of senior
finance roles at International Business Machines Corporation (“IBM”), a global information technology company,
since 1981. As vice president
of Finance for IBM Software Group, Mr. Harrington was the senior executive responsible for all
financial and IT aspects of IBM’s $13 billion software organization. Mr. Harrington also served as
the Chief Accountant for IBM Corporation. In addition, he served as vice president, Finance for IBM
Americas, responsible for all financial aspects of a $38 billion IBM division. Mr. Harrington also
served in a range of finance leadership positions for IBM’s Americas, Asia Pacific and European
operations. Mr. Harrington is 55 years old.
Mr. Harrington
entered into an employment agreement with the Company, dated
April 10, 2006, pursuant to which he: (i) was given the
title of Senior Vice President, Finance Operations; (ii) was
provided with an annual base salary of $300,000; (iii) became
eligible to participate in the Company’s Executive Bonus Plan,
with an annual target bonus set at 60% of his annual base salary;
(iv) became eligible to participate in the Company’s
employee benefits plan and programs; (v) was granted an option
to purchase 100,000 shares of the Company’s common stock;
(vi) became eligible for reimbursement for relocation costs
incurrent in connection with his joining the Company, which costs
were reimbursed by the Company in fiscal year 2007; and
(vii) became entitled to all of the benefits made available to
other executives of the Company at his grade level. A copy of
Mr. Harrington’s employment agreement is attached as
Exhibit 10.01 hereto and is incorporated herein by reference.
In
connection with his appointment as Senior Vice President, Finance and
Chief Accounting Officer, Mr. Harrington will enter into the
Company’s standard form of Indemnity Agreement which provides
for indemnification of the indemnitee to the full extent allowed by
Delaware law, and will participate in the Company’s Executive
Retention Plan or any successor plan.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
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Exhibit Title or Description |
10.01
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Employment Agreement, dated April 10, 2006,
between Symantec Corporation and George W.
Harrington. |