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DELAWARE
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1-4423
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94-1081436
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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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3000 HANOVER STREET, PALO ALTO, CA
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94304
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(Address of principal executive offices)
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(Zip code)
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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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| (b) |
On June 13, 2011, the service of Ann M. Livermore as Executive Vice President of the Hewlett-Packard Company (“HP”) enterprise business terminated in connection with the elimination of that position. Ms. Livermore will continue to serve in her other position as interim Executive Vice President of HP’s enterprise services business until the transition of her responsibilities to her successor, who has not yet been selected.
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| (d) |
On June 10, 2011, the Board of Directors of HP (the “Board”) elected Ms. Livermore to serve as a director of HP effective on June 13, 2011 (the “Effective Date”). Ms. Livermore was not named to serve on any committee of the Board.
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Ms. Livermore will not receive any separate compensation for service as a director during the period that she continues to serve as an HP employee. Following the termination of her employment, Ms. Livermore will participate in the non-employee director compensation arrangements generally applicable to all HP non-employee directors. Under the terms of those arrangements as currently in effect, Ms. Livermore will receive, among other things (i) an annual cash retainer of $100,000, which she may elect to receive in the form of HP securities, and an annual equity retainer of $175,000 paid at her election either in the form of restricted stock units or in equal amounts of restricted stock units and stock options, in each case prorated to reflect her service for a partial term; and (ii) $2,000 in cash for each Board meeting attended in excess of six per year. Ms. Livermore also will be eligible to participate in the product matching portion of the HP Employee Giving Program under which each non-employee director may contribute up to $100,000 worth of HP products each year to a qualified charity by paying 25% of the list price of those products, with HP contributing the remaining cost.
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Item 5.03.
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Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
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On June 10, 2011, the Board approved an amendment to Section 3.2 of Article III of HP’s Amended and Restated Bylaws to increase the size of the Board from 13 to 14 directors effective on the Effective Date. The Amended and Restated Bylaws of HP reflecting that amendment are filed with this report as Exhibit 3.1.
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Item 8.01.
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Other Events.
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A copy of HP's press release announcing these and other organizational changes is attached hereto as Exhibit 99.1.
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| Item 9.01. |
Financial Statements and Exhibits.
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Exhibit
Number
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Description
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| 3.1 |
Amended and Restated Bylaws of Hewlett-Packard Company.
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| 99.1 |
Press release, dated June 13, 2011, entitled “HP Announces Organizational Changes.”
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|
HEWLETT-PACKARD COMPANY
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DATE: June 16, 2011
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By:
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/s/ Paul T. Porrini | |
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Name:
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Paul T. Porrini
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Title:
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Vice President, Deputy General Counsel
and Assistant Secretary
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Exhibit
Number
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Description
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| 3.1 |
Amended and Restated Bylaws of Hewlett-Packard Company.
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| 99.1 |
Press release, dated June 13, 2011, entitled “HP Announces Organizational Changes.”
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