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): September 2, 2015
Avago Technologies Limited
(Exact name of registrant as specified in its charter)
| Singapore | 001-34428 | 98-0682363 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||
1 Yishun Avenue 7 Singapore 768923 | N/A | |||
| (Address of principal executive offices) | (Zip Code) | |||
Registrant’s telephone number, including area code: (65) 6755-7888
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. |
On September 2, 2015, the board of directors (the “Board”) of Avago Technologies Limited (“Avago” or the “Company”) approved a Policy on Acceleration of Executive Staff Equity Awards in the Event of Death or Permanent Disability (the “Policy”).
The Policy applies in the event of the death or permanent disability (a “Covered Termination”), of (i) any officer of the Company, as such term is defined Rule 16a-1, promulgated under the Securities Exchange Act of 1934, as amended, and (ii) any member of the Executive Staff as determined by the Chief Executive Officer (collectively, the “Covered Executives”).
Under the Policy, in the event a Covered Executive experiences a Covered Termination, each outstanding and unvested Company equity and equity-linked award held by such employee that as of such date vests solely based on continued service (including performance-based awards for which the performance criteria have been met as of such date), automatically vests in full.
| Item 8.01. | Other Events |
On September 3, 2015, the Company announced that the Board had declared an interim cash dividend on the Company’s ordinary shares of $0.42 per share, payable on September 30, 2015 to its shareholders of record at the close of business (5:00 p.m.), Eastern Time, on September 18, 2015. A copy of the press release announcing the dividend is attached to this Current Report on Form 8-K as Exhibit 99.1.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit No. | Description | |
| 99.1 | Press release, dated September 3, 2015, entitled “Avago Technologies Announces $0.42 Interim Dividend.” | |
SIGNATURE
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.
Date: September 3, 2015
| Avago Technologies Limited | ||
| By: | /s/ Anthony E. Maslowski | |
| Name: | Anthony E. Maslowski | |
| Title: | Senior Vice President and Chief Financial Officer | |
EXHIBIT INDEX
Exhibit No. | Description | |
| 99.1 | Press release, dated September 3, 2015, entitled “Avago Technologies Announces $0.42 Interim Dividend.” | |