-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SsX8vYRuVnTKs1kZM8k3L4NLGqL2Kkie1bNcyKwkTJEI/L6hPCUgAZNxgbOiXs1W p3WTGzfhcp+PvrBggyCO4A== 0000891618-08-000245.txt : 20080506 0000891618-08-000245.hdr.sgml : 20080506 20080505215419 ACCESSION NUMBER: 0000891618-08-000245 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080502 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20080506 DATE AS OF CHANGE: 20080505 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SANDISK CORP CENTRAL INDEX KEY: 0001000180 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER STORAGE DEVICES [3572] IRS NUMBER: 770191793 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26734 FILM NUMBER: 08804457 BUSINESS ADDRESS: STREET 1: 601 MCCARTHY BLVD. CITY: MILPITAS STATE: CA ZIP: 95035 BUSINESS PHONE: 4088011000 MAIL ADDRESS: STREET 1: 601 MCCARTHY BLVD. CITY: MILPITAS STATE: CA ZIP: 95035 8-K 1 f40515e8vk.htm FORM 8-K e8vk
 

 
 
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 2, 2008
SanDisk Corporation
(Exact name of registrant as specified in its charter)
         
Delaware   000-26734   77-0191793
(State or other jurisdiction
of incorporation) 		  (Commission File No.)   (I.R.S. Employer
Identification Number
601 McCarthy Boulevard, Milpitas, California 95035
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (408) 801-1000
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 provision (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))
 
 

 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
     On May 2, 2008, Dr. Randhir Thakur announced that he will step down on May 9, 2008 (the “Separation Date”) from his position as the Executive Vice President, Technology and Fab Operations of SanDisk Corporation (the “Company”). In connection with Dr. Thakur’s expected departure, the Company entered into a separation agreement (the “Separation Agreement”) with Dr. Thakur, which will become effective on May 16, 2008 (the “Effective Date”), provided that Dr. Thakur does not revoke the Separation Agreement prior to the Effective Date.
     The Separation Agreement provides that within ten days following the Separation Date, the Company will pay Dr. Thakur a lump sum payment of $300,629, which is equivalent to approximately nine months of his most recent base salary. The Separation Agreement also provides that Dr. Thakur will receive up to 12 months of medical coverage. In addition, as of the Separation Date, Dr. Thakur will receive accelerated vesting of his unvested stock options that would have vested on or within ten months of the Separation Date. Among other things, the Separation Agreement also provides for a full and general release by Dr. Thakur in favor of the Company, and Dr. Thakur’s agreement to certain confidentiality, cooperation, non-solicitation and non-disclosure obligations.
     The foregoing summary of the material terms of the Separation Agreement is qualified in its entirety by reference to the full text of the Separation Agreement, which will be filed as an exhibit to the Company’s next quarterly report on Form 10-Q.

 

 

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 hereunto duly authorized.
Date: May 5, 2008
         
  SANDISK CORPORATION
 		  
  By:   /s/ Judy Bruner    
  Name:   Judy Bruner   
  Title:   Executive Vice President, Administration and Chief Financial Officer (Principal Financial and Accounting Officer)   
 

 

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