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RCNI > SEC Filings for RCNI > Form 8-K on 8-Sep-2009All Recent SEC Filings

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Form 8-K for RCN CORP /DE/


8-Sep-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 In connection with the departure of John Filipowicz, President Residential Markets on August 21, 2009, RCN Telecom Services, Inc., a wholly owned subsidiary of RCN Corporation, entered into a Severance Agreement (the "Severance Agreement") with Mr. Filpowicz on September 3, 2009. Under the Severance Agreement, Mr. Filipowicz will receive separation payments in the total amount of $250,000, less applicable withholding, a pro rata bonus for the period from January 1, 2009 through the separation date, benefits continuation through the earlier of December 31, 2010 or the date Mr. Filipowicz becomes eligible for benefits coverage from another source and the vesting of equity awards as if he remained employed through the 12-month period following the separation date. The foregoing description of the Severance Agreement does not purport to be complete and is qualified in its entirety by reference to the Severance Agreement, a copy of which is attached to this Current Report on Form 8-K as Exhibit 10.1.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.

10.1 Severance Agreement dated as of September 3, 2009 between RCN Telecom Services, Inc. and John Filipowicz.


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