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TSRA > SEC Filings for TSRA > Form 8-K on 24-Nov-2009All Recent SEC Filings

Show all filings for TESSERA TECHNOLOGIES INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for TESSERA TECHNOLOGIES INC


24-Nov-2009

Change in Directors or Principal Officers, Other Events, Financial State


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

(e) On November 18, 2009, the Compensation Committee of the Board of Directors of Tessera Technologies, Inc. ("Tessera") approved the annual base salary levels of executive officers of Tessera effective January 1, 2010. The Compensation Committee also approved incentive cash bonus targets equal to a percentage of each executive officer's base salary under Tessera's 2007 Performance Bonus Program pursuant to which Tessera's executive officers would be eligible to be paid incentive compensation for 2010. The annual base salary levels and target percentages are set forth below:

Name                                   Title                     Annual Base Salary      Target Percentage
Henry R. Nothhaft        President and Chief Executive          $            528,000                  100%
                         Officer
Michael Anthofer         Executive Vice President and Chief     $            320,000                   60%
                         Financial Officer
Michael Bereziuk         Executive Vice President, Imaging      $            330,000                   60%
                         and Optics
Bernard J. Cassidy       Executive Vice President, General      $            310,000                   60%
                         Counsel and Secretary



Item 8.01. Other Events.

On November 24, 2009, Tessera announced the promotion of Bernard J. Cassidy to the position of Executive Vice President, General Counsel and Secretary.

A copy of the Company's press release announcing Mr. Cassidy's promotion is attached hereto as Exhibit 99.1 and incorporated herein by reference.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit
No. Description

99.1 Press Release dated November 24, 2009


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