netscout_8k.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): May 31,
2007
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NetScout
Systems, Inc.
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(Exact
Name of Registrant as Specified in its Charter)
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Delaware
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(State
or Other Jurisdiction of Incorporation)
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0000-26251
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04-2837575
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(Commission
File Number)
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(IRS
Employer Identification No.)
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310
Littleton Road, Westford, Massachusetts
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01886
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(Address
of Principal Executive Offices)
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(Zip
Code)
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(978)
614-4000
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(Registrant’s
Telephone Number, Including Area Code)
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Not
Applicable
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(Former
Name or Former Address, If Changed Since Last Report)
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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:
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[
] Written communications pursuant to
Rule 425 under the Securities Act (17 CFR 230.425)
[
] Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[
] Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
[
] Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
ITEM
5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS, ELECTION OF DIRECTORS,
APPOINTMENT OF PRINCIPAL OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN
OFFICERS.
On
May 31, 2007, the Compensation
Committee of the Board of Directors of NetScout Systems, Inc. (the “Company”)
approved the payment of performance bonus payments for the fiscal year ending
March 31, 2007 to the following executive officers:
Name
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Title
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Bonus
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Anil
K. Singhal
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President,
Chief Executive Officer, Treasurer and Chairman
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$162,500
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Narendra
V. Popat
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Former
Chairman and Secretary
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$162,500
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Michael
Szabados
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Chief
Operating Officer
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$80,000
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David
P. Sommers
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Senior
Vice President, General Operations and Chief Financial
Officer
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$80,000
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John
W. Downing
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Senior
Vice President, Worldwide Sales Operations
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$170,540*
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Jeffrey
R. Wakely
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Vice
President, Finance and Chief Accounting Officer
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$30,000
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*Except
for the amount paid to Mr. Downing, all other bonuses were discretionary. Mr.
Downing’s compensation was calculated based on bookings made during the course
of the fiscal year ended March 31, 2007 pursuant to a previously established
arrangement between the Company and Mr. Downing. The Company has also entered
into a compensation arrangement with Mr. Downing for bookings to be made during
the course of the fiscal year ended 2008. The specific terms of Mr. Downing’s
arrangement are not being disclosed because they involve confidential commercial
and business information, the disclosure of which would have an adverse effect
on the Company.
On
the same date, the Compensation
Committee also increased Mr. Wakely’s base salary to $177,000.
SIGNATURES
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 thereunto duly
authorized.
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NETSCOUT
SYSTEMS, INC.
By:
/s/ David P.
Sommers
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David
P. Sommers
Chief
Financial Officer and
Senior
Vice President, General Operations
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Date:
June 6, 2007