SECURITIES AND EXCHANGE COMMISSION
Delaware |
001-31400 |
54-1345899 | ||
(State
or other jurisdiction
of
incorporation) |
(Commission
File Number) |
(IRS
Employer Identification Number) |
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425) |
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12) |
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the exchange Act (17 CFR
240.14d-2(b)) |
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
ITEM 5.02(e) DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On October 1, 2007, CACI International Inc ("CACI") and Mr. Randall C. Fuerst entered into a Severance Compensation Agreement in connection with his role as Chief Operating Officer, U.S. Operations. Under the terms of the agreement, assuming a termination event (termination by CACI without cause or a resignation by Mr. Fuerst for "good reason" as defined in the agreement) occurs, Mr. Fuerst will receive a severance payment equal to 12 months base salary and continued participation in CACI's health care coverage for a six-month period.
If a termination event occurs within one year following a change of control of CACI, Mr. Fuerst will receive a termination payment equal to 18 months base salary, continued participation in CACI's health care coverage for a six-month period, one times his average bonus payments for the five fiscal years immediately preceding the termination, and a prorated portion of his bonus otherwise payable under the annual incentive program for the fiscal year of termination. Further, the agreement provides partial protection against Internal Revenue Code section 280G excise taxes in the event of a termination event after a change in control (a one-time payment of two-thirds of the excise tax up to a limit of $500,000). Mr. Fuerst has a two year non-compete provision.
On October 1, 2007, CACI and Mr. Thomas A. Mutryn entered into a Severance Compensation Agreement in connection with his role as Executive Vice President and Chief Financial Officer. Under the terms of the Agreement, assuming a termination event (as defined above) occurs, Mr. Mutryn will receive a severance payment equal to 12 months base salary, continued participation in CACI's health care coverage for a twelve-month period, and the one-year anniversary portion of any outstanding acquisition bonus.
If a termination event occurs within one year following a change of control of CACI, Mr. Mutryn will receive a termination payment equal to 24 months base salary, continued participation in CACI's health care coverage for a twelve-month period, one times his average bonus payments for the five fiscal years immediately preceding the termination, a prorated portion of his bonus otherwise payable under the annual incentive program for the fiscal year of termination, and payment of the one-year anniversary portion of any outstanding acquisition bonus. Further, the agreement provides similar partial protection against Internal Revenue Code section 280G excise taxes in the event of a termination event after a change in control as described above. Mr. Mutryn has a two year non-compete provision.
CACI
International Inc |
Registrant |
By: |
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/s/ Arnold D. Morse | |
Arnold D. Morse Senior Vice President, Chief Legal Officer and Secretary |