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) November 23, 2004
Quest Software, Inc.
(Exact name of registrant as specified in its charter)
California | 000-26937 | 33-0231678 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
8001 Irvine Center Drive, Irvine, California | 92618 | |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code (949) 754-8000
(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 1.01 | Entry into a Material Definitive Agreement. |
On November 29, 2004, Quest Software, Inc. (“Quest”) announced the hiring of Michael J. Lambert as Senior Vice President, Finance. Mr. Lambert’s principal terms of employment are described in Quest’s offer letter, which was accepted by Mr. Lambert when it was signed and returned to Quest on November 23, 2004. Mr. Lambert will receive an annual salary of $350,000 and will be eligible to receive a discretionary annual bonus up to $100,000. Mr. Lambert will also receive options to purchase 400,000 shares of Quest common stock at an exercise price equal to the closing price on the date of grant. Quest and Mr. Lambert will also enter into Quest’s standard form of indemnification agreement.
Item 5.02 | Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. |
(b) and (c). On November 29, 2004, Quest appointed Michael J. Lambert, age 43, as Senior Vice President, Finance. Mr. Lambert is expected to assume the role of Chief Financial Officer of Quest in Spring 2005 following a transition period. The press release issued by Quest announcing the hiring of Mr. Lambert is attached hereto as Exhibit 99.1.
Prior to joining Quest, Mr. Lambert was Executive Vice President and Chief Financial Officer at Quantum Corporation (NYSE:DSS), an $800 million publicly held provider of storage solutions, from June 2001 through June 2004. From July 2000 to May 2001, Mr. Lambert was Senior Vice President and Chief Financial Officer of NerveWire, a systems integration consulting firm. From March 1996 to July 2000, Mr. Lambert worked for Lucent Technologies, most recently as Vice President and Chief Financial Officer of the InterNetworking Systems Division. From July 1993 to March 1996, Mr. Lambert was at IBM Storage Systems Division, where he held several financial management positions.
The description of Mr. Lambert’s offer letter set forth in Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 5.02.
As a result of Mr. Lambert’s appointment, Brinkley Morse is expected to relinquish his role as Chief Financial Officer in Spring 2005 at the end of the transition period. Quest anticipates that Mr. Morse will retain certain of his current administrative and operational responsibilities.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
10.1 | Offer Letter Agreement between Quest Software, Inc. and Michael Lambert | |
99.1 | Press release issued by Quest Software, Inc. on November 29, 2004 |
SIGNATURES
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.
QUEST SOFTWARE, INC. | ||||||||
Date: November 29, 2004 | By: | /s/ J. MICHAEL VAUGHN | ||||||
J. Michael Vaughn | ||||||||
General Counsel and Secretary |
EXHIBIT INDEX
Exhibit Number | Exhibit Title or Description | |
10.1 | Offer Letter Agreement between Quest Software, Inc. and Michael Lambert | |
99.1 | Press release issued by Quest Software, Inc. on November 29, 2004. |