form8-k.htm
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): April 26,
2007
Plantronics,
Inc.
(Exact
name of Registrant as Specified in its Charter)
Delaware
|
1-12696
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77-0207692
|
(State
or Other Jurisdiction of Incorporation)
|
(Commission
file number)
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(I.R.S.
Employer Identification Number)
|
345
Encinal Street
Santa
Cruz, California 95060
(Address
of Principal Executive Offices including Zip Code)
(831)
426-5858
(Registrant's
Telephone Number, Including Area Code)
N/A
|
(Former
name or former address, if changed since last
report)
|
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:
o
|
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
|
o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
|
o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
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SECTION 5
– Corporate Governance and Management
Item
5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On
April
26, 2007, the Compensation Committee of the Board of Directors of Plantronics,
Inc. approved a new Executive Incentive Plan (EIP). The purpose of the EIP
is to
focus executive participants on achieving company-wide financial performance
goals as well as product group, segment, or functional objectives and individual
performance goals by providing the opportunity to receive quarterly and annual
cash payments based on corporate financial performance and functional
goals. The actual amount of the cash payment will be determined as soon as
practical after the end of each fiscal quarter and the fiscal
year. This description is qualified in its entirety by the terms of
the plan, a copy of which is attached hereto as Exhibit 10.1.
SECTION
9 – Financial Statements and Exhibits
Item
9.01 Financial Statements and Exhibits.
(d)
The
following exhibit is furnished as part of this report.
Exhibit
Number
|
Description
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|
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10.1
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Plantronics,
Inc. Executive Incentive Plan
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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.
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PLANTRONICS,
INC.
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|
|
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Date: May
2, 2007
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By:
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/s/ Barbara
Scherer
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Barbara
Scherer
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Senior
Vice President and Chief Financial
Officer
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