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Gen Digital Inc. Board/Management Information 2010

Sep 7, 2010

30336_rns_2010-09-07_78e85da3-c95a-405b-b9c5-4d6a34d84148.zip

Board/Management Information

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): August 31, 2010

Symantec Corporation

(Exact Name of Registrant as Specified in Charter)

Delaware (State or Other Jurisdiction of Incorporation) 000-17781 (Commission File Number) 77-0181864 (IRS Employer Identification No.)

350 Ellis Street, Mountain View, CA (Address of Principal Executive Offices) 94043 (Zip Code)

Registrant’s Telephone Number, Including Area Code (650) 527-8000

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):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))

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

(e) Effective August 31, 2010, Symantec Corporation (the “Company”) entered into a Separation and Release Agreement (the “Agreement”) with Gregory Hughes to provide for the terms of his separation from the Company. The Company previously reported Mr. Hughes’ departure from the Company in a Current Report on Form 8-K filed with the Securities and Exchange Commission on July 7, 2010.

Pursuant to the terms of the Agreement, the Company will pay to Mr. Hughes a cash severance payment totaling $209,422.98. In addition, the Company has agreed to provide continued group health plan coverage through COBRA for up to 12 months at the Company’s expense. Pursuant to the Agreement, Mr. Hughes provided Symantec and its affiliates with a general liability release. The foregoing description of the Agreement is qualified in its entirety by reference to the Agreement, a copy of which is filed as Exhibit 10.01 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

Exhibit Number Exhibit Title or Description
10.01 Separation and Release Agreement, effective August 31, 2010, between Symantec Corporation
and Gregory Hughes.

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SIGNATURE

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.

/s/ Scott C. Taylor
Scott C. Taylor
Executive Vice President, General Counsel and Secretary

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Exhibit Index

Exhibit Number Exhibit Title or Description
10.01 Separation and Release Agreement, effective August 31, 2010, between Symantec Corporation
and Gregory Hughes.

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