SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 21, 2012
(Exact name of registrant as specified in its charter)
Level 15, Sohu.com Internet Plaza
No. 1 Unit Zhongguancun East Road, Haidian District
Peoples Republic of China
(Address, including zip code, of registrants principal executive offices
and registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
On November 21, 2012, Sohu.com Inc. (Sohu) entered into an employment agreement with Mr. Xiaochuan Wang, Sohus Chief Technology Officer, which will take effect on November 30, 2012 following the expiration of his existing agreement. Under the terms of Mr. Wangs employment agreement, he will be entitled to receive (i) an annual base salary of $320,000 and (ii) an annual after-tax housing allowance of $38,000 and will be eligible for an annual discretionary cash bonus as approved by the Board of Directors. Mr. Wang will also be eligible to participate in Sohus share incentive plans and will receive health, life and disability insurance. If Mr. Wang terminates his employment with Sohu for good reason or if his employment is terminated by Sohu without cause, he will be entitled to receive severance benefits, including (i) his monthly base salary for a period (the Severance Period) of the lesser of six months following termination and the remainder of the term of the employment agreement, (ii) health insurance benefits during the Severance Period with the same coverage provided to him prior to termination (e.g., medical, dental, optical, mental health) and in all other material respects comparable to those in place immediately prior to termination; and (iii) payment of the bonus for the remainder of the year of termination, but only to the extent that the bonus would have been earned had he continued in employment through the end of such year. Unless sooner terminated by either Mr. Wang or Sohu, Mr. Wangs employment agreement will expire on November 29, 2015.
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.