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): 12/10/2008
GLOBAL CROSSING LTD
(Exact name of registrant as specified in its charter)
Commission File Number: 001-16201
Bermuda | | 980189783 |
(State or other jurisdiction of | | (IRS Employer |
incorporation) | | Identification No.) |
Wessex House, 45 Reid Steet
Hamilton, Bermuda
HM12
(Address of principal executive offices, including zip code)
441-296-8600
(Registrant’s telephone number, including area code)
(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:
[ ] 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
The amended 2003 Global Crossing Limited Stock Incentive Plan (the "Amended Plan") was approved at a special general meeting of shareholders of Global Crossing Limited (the "Company") on December 10, 2008. Under the Amended Plan, the number of authorized shares of the Company's common stock reserved for issuance is increased to 19,378,261 shares. The Amended Plan provides incentives through the granting of stock-based awards to the Company's employees, members of its Board of Directors (the "Board"), or consultants who performs bona fide services for the Company, in each case as selected by the Compensation Committee of the Board.
Signature(s)
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.
| | | | | | GLOBAL CROSSING LTD |
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| Date: December 15, 2008 | | | | By: | | /s/ Mitchell C. Sussis
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| | | | | | | | | Mitchell C. Sussis |
| | | | | | | | | SVP, Secretary and Deputy General Counsel |
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