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Share Name | Share Symbol | Market | Type |
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Infinera Corporation | NASDAQ:INFN | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.06 | 1.15% | 5.30 | 5.32 | 5.75 | 5.3575 | 5.225 | 5.29 | 1,178,332 | 01:00:00 |
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Delaware
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001-33486
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77-0560433
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(State or other jurisdiction of
incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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140 Caspian Court
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Sunnyvale, CA
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94089
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(Address of principal executive offices)
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(Zip Code)
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¨
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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¨
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨
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Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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Named Executive Officer
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Position
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Restricted Stock Units
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Thomas J. Fallon
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Chief Executive Officer
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135,416
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David F. Welch, Ph.D.
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Chief Strategy and Technology Officer
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68,750
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David W. Heard
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General Manager, Products and Solutions
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68,750
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Brad D. Feller
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Chief Financial Officer
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68,750
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Robert J. Jandro
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Senior Vice President, Worldwide Sales
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53,125
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James L. Laufman
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Senior Vice President and General Counsel
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43,750
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Named Executive Officer
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Position
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Target Performance-Based Restricted Stock Units
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Thomas J. Fallon
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Chief Executive Officer
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203,125
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David F. Welch, Ph.D.
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Chief Strategy and Technology Officer
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45,833
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David W. Heard
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General Manager, Products and Solutions
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45,833
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Brad D. Feller
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Chief Financial Officer
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45,833
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Robert J. Jandro
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Senior Vice President, Worldwide Sales
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35,416
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James L. Laufman
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Senior Vice President and General Counsel
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29,166
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•
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100% of all outstanding equity awards will vest (awards based on the achievement of performance criteria will vest as to 100% of the amount of the award assuming the performance criteria have been achieved at target levels);
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•
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Our CEO will be paid a lump sum severance payment (less applicable tax withholdings) equal to two times his annual base salary and our other NEOs will be paid a lump sum severance payment (less applicable tax withholdings) equal to one and one-half times their annual base salary;
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•
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Our CEO will be paid a lump sum severance payment (less applicable tax withholdings) equal to two times his annual target incentive bonus amount and our other NEOs will be paid a lump sum severance payment (less applicable tax withholdings) equal to one and one-half times their annual target incentive bonus amount; and
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•
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Our CEO will be reimbursed for premiums under COBRA for a period of 24 months and our other NEOs will be reimbursed for premiums under COBRA for a period of 18 months.
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Item 9.01
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Financial Statements and Exhibits.
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(d)
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Exhibits.
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INFINERA CORPORATION
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Date: February 22, 2018
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By:
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/s/ JAMES L. LAUFMAN
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James L. Laufman
Senior Vice President, General Counsel and Secretary
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1 Year Infinera Chart |
1 Month Infinera Chart |
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