|EX-10.1 - SEPARATION AGREEMENT BETWEEN BELDEN INC. AND NARESH KUMRA - BELDEN INC.||d330629dex101.htm|
|People who read this document also read:|
|LIBBEY INC - 8-K, Regulation FD Disclosure Financial Statements and Exhibits|
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): March 31, 2012
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
(State or other jurisdiction
7733 Forsyth Boulevard, Suite 800
St. Louis, Missouri 63105
(Address of Principal Executive Offices, including Zip Code)
(Registrants telephone number, including area code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if this 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 5.02.||Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers||3|
|Item 1.01.||Entry into a Material Definitive Agreement.|
As announced in the Report on Form 8-K filed with the SEC on March 21, 2012, Naresh Kumra, the former Executive Vice President, Asia Pacific Operations left Belden Inc. (the Company) effective March 31, 2012. As of March 31, 2012, Mr. Kumra and the Company entered into a Separation Agreement (the Separation Agreement), which is hereby incorporated by reference.
Pursuant to the Separation Agreement, Mr. Kumra is entitled to certain severance rights, including the cash sum of $634,037, which will be paid in 24 equal installments over the next 12 months. All of Mr. Kumras unvested equity awards were cancelled effective March 31, 2012. His vested stock appreciation rights will be exercisable until June 29, 2012, subject to the Companys insider trading restrictions.
This is only a summary of the terms of the Separation Agreement and is qualified in its entirety by reference to the full text of the Separation Agreement, a copy of which is included in this Form 8-K as Exhibit 10.1. The Separation Agreement should be read in its entirety for a complete description of the separation terms.
|Item 1.02.||Termination of a Material Definitive Agreement|
Concurrent with the execution of the Separation Agreement, Mr. Kumras Executive Employment Agreement, filed as Exhibit 10.1 to the Companys Report on Form 8-K filed with the SEC on April 6, 2010, was terminated.
|Item 5.02.||Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.|
Reference is made to the Companys Report on Form 8-K filed with the SEC on March 21, 2012. Mr. Kumra, who will be a named executive officer in the Companys 2012 proxy statement, left the Company on March 31, 2012.
|Item 9.01.||Financial Statements and Exhibits.|
|10.1||Separation Agreement between Belden Inc. and Naresh Kumra effective as of March 31, 2012.|
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 hereunto duly authorized.
|Date: April 5, 2012||By:||/s/ Kevin L. Bloomfield|
|Kevin L. Bloomfield|
|Senior Vice President, Secretary and General Counsel|