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CTSH > SEC Filings for CTSH > Form 8-K on 10-Mar-2009All Recent SEC Filings

Show all filings for COGNIZANT TECHNOLOGY SOLUTIONS CORP | Request a Trial to NEW EDGAR Online Pro

Form 8-K for COGNIZANT TECHNOLOGY SOLUTIONS CORP


10-Mar-2009

Change in Directors or Principal Officers


Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) Compensatory Arrangements of Certain Officers

2008 Bonus Awards. On March 5, 2009, the Compensation Committee (the "Compensation Committee") of the Board of Directors of Cognizant Technology Solutions Corporation (the "Company"), after thorough evaluation, determined the 2008 annual cash incentive bonuses to be awarded to the individuals who serve as the Company's President and Chief Executive Officer, Chief Financial and Operating Officer, President and Managing Director, Global Delivery, Chief Operating Officer, Global Client Services and Vice Chairman (the "Named Executive Officers"), in accordance with the Company's previously disclosed non-equity incentive bonus program. The table below sets forth the target 2008 bonus amount, the actual 2008 bonus amount and the percentage of the target bonus amount received by each of the Named Executive Officers.

                                                                                      Percentage of
                                                                                      Target Bonus
                                                Target 2008         Actual 2008          Amount
Name                                          Bonus Amount(1)       Bonus Amount        Received
Francisco D'Souza
President and Chief Executive Officer        $         362,880     $      260,387              71.8 %

Gordon Coburn
Chief Financial and Operating Officer
and Treasurer                                $         326,592     $      234,348              71.8 %

Ramakrishnan Chandrasekaran
President and Managing Director, Global
Delivery                                     $         113,400     $       81,371              71.8 %

Rajeev Mehta
Chief Operating Officer, Global Client
Services                                     $         260,400     $      186,852              71.8 %

Lakshmi Narayanan(2)
Vice Chairman                                               -                  -                 -

(1) Represented 70% of base salary for 2008.

(2) On February 14, 2008, the Compensation Committee determined that Mr. Lakshmi Naraynan would not be eligible for a 2008 cash incentive bonus award.


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