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
December 27, 2004
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Date of Report (Date of earliest event reported)
SYCAMORE NETWORKS, INC.
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(Exact Name of Registrant as Specified in its Charter)
Delaware 000-27273 04-3410558
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
220 Mill Road
Chelmsford, MA 01824
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(Address of Principal Executive Offices)
(Zip Code)
Registrant's Telephone Number, including Area Code: (978) 250-2900
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Not Applicable
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(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
Effective as of December 27, 2004, Sycamore Networks, Inc. (the
"Company") entered into a letter agreement (the "Letter Agreement") with Mr.
Alan Cormier defining the terms of his employment with the Company as General
Counsel.
Pursuant to the Letter Agreement, Mr. Cormier will receive an annual
salary of $179,950. In addition, on December 27, 2004, Mr. Cormier was granted
an option to purchase 50,000 shares of common stock of the Company under the
1999 Stock Incentive Plan. Such options are subject to a five year vesting
schedule, vesting 20% one year from the commencement of his employment and 5%
per quarter thereafter. Mr. Cormier's employment is at will and may be
terminated at any time by either party for any reason, with or without cause.
Mr. Cormier will be entitled to certain compensation in the
event of his termination of employment other than for cause, disability, death
or for good reason by Mr. Cormier, consistent with the Company's policy with
respect to its senior officers at the time of his hire.
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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 thereunto duly authorized.
Sycamore Networks, Inc.
By: /s/ Richard J. Gaynor
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Richard J. Gaynor
Chief Financial Officer and Vice
President of Finance and Administration
Dated: December 28, 2004
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