DE | 770419172 | |
(State or other jurisdiction of | (IRS Employer | |
incorporation) | Identification No.) |
[ ] 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))
NETGEAR and Ms. Gorjanc are parties to an employment agreement dated November 16, 2005. Pursuant to the agreement , if within one year following a change of control of NETGEAR, Ms. Gorjanc is terminated without cause or resigns for good reason, she is entitled to receive two years acceleration of any unvested portion of his or her stock options. If Ms. Gorjanc is terminated without cause, she is entitled to receive severance payments at her final base salary rate for a period of 13 weeks and will continue to have her equity awards vest for three months after such termination.
A copy of the press release announcing Ms. Gorjanc's appointment as Chief Financial Officer, dated January 2, 2008, is attached hereto as Exhibit 99.1.
The following exhibit is furnished herewith:
99.1 Press Release, Dated January 2, 2008, of NETGEAR, Inc. announcing the appointment of Christine M. Gorjanc as Chief Financial Officer (furnished herewith).
NETGEAR, INC | ||||||||
Date: January 02, 2008 | By: | /s/ Albert Y. Liu | ||||||
Albert Y. Liu | ||||||||
VP, Legal and Corporate Development | ||||||||
Exhibit No. | Description | |
EX-99.1 | Press Release, Dated January 2, 2008 |