-----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, VSH8eYxMoMcaJ16ru5G0Qry8yjo2c/AVzSMuIoXYYQH5WAsSWbx/O+xgazNk/wyM t0ULfa4/rJ2eOhAG8BXIRg== 0001104659-05-062594.txt : 20051223 0001104659-05-062594.hdr.sgml : 20051223 20051223151511 ACCESSION NUMBER: 0001104659-05-062594 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20051220 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20051223 DATE AS OF CHANGE: 20051223 FILER: COMPANY DATA: COMPANY CONFORMED NAME: YAHOO INC CENTRAL INDEX KEY: 0001011006 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 770398689 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-28018 FILM NUMBER: 051285325 BUSINESS ADDRESS: STREET 1: YAHOO! INC. STREET 2: 701 FIRST AVENUE CITY: SUNNYVALE STATE: CA ZIP: 94089 BUSINESS PHONE: 4083493300 MAIL ADDRESS: STREET 1: 701 FIRST AVENUE CITY: SUNNYVALE STATE: CA ZIP: 94089 8-K 1 a05-22299_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

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):  December 20, 2005

 

Yahoo! Inc.

(Exact Name of Registrant as Specified in its Charter)

 

Delaware

 

000-28018

 

77-0398689

(State or Other Jurisdiction of
Incorporation or Organization)

 

(Commission File Number)

 

(I.R.S. Employer Identification No.)

 

 

 

 

 

701 First Avenue
Sunnyvale, California

 

94089

(Address of Principal Executive Offices)

 

(Zip Code)

 

(408) 349-3300

(Registrant’s Telephone Number, Including Area Code)

 

Not applicable

(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 240.425)

 

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 1.01                     Entry into a Material Definitive Agreement.

 

On December 20, 2005, the Compensation Committee of the Board of Directors of Yahoo! Inc. (the “Company”) set 2006 annual base salaries, effective January 1, 2006, for all executive officers other than for Terry S. Semel, Chairman and Chief Executive Officer.  Such annual base salaries are the same for each of the Company’s named executive officers (as identified in the Company’s Proxy Statement for its 2005 annual meeting of stockholders) as in 2005, other than for Michael J. Callahan, whose annual base salary was increased from $300,000 to $325,000.

 

On December 20, 2005, the Compensation Committee of the Company’s Board of Directors also approved cash bonuses for 2005 for the Company’s executive officers other than for Mr. Semel.  The 2005 cash bonus for each of the named executive officers is as follows:

 

Named Executive Officer

 

2005 Cash Bonus

 

 

 

 

 

Susan L. Decker
Chief Financial Officer and Executive Vice President, Finance and Administration

 

$

1,000,000

 

 

 

 

 

Daniel S. Rosensweig
Chief Operating Officer

 

$

1,000,000

 

 

 

 

 

Farzad Nazem
Chief Technical Officer and Executive Vice President, Engineering and Site Operations

 

$

800,000

 

 

 

 

 

Michael J. Callahan
Senior Vice President, General Counsel and Secretary

 

$

225,000

 

 

The Compensation Committee is expected to consider Mr. Semel’s base salary level and 2005 bonus in the first quarter of 2006.

 

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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, thereunto duly authorized.

 

 

 

 

YAHOO! INC.

 

 

 

 

 

 

Date:  December 23, 2005

By:

/s/ Michael J. Callahan

 

 

 

Michael J. Callahan

 

 

Senior Vice President, General Counsel

 

 

and Secretary

 

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