-----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, LMRP/XuUZcmPBgk/QpVc6wnBs8NsKCff9ifFvpvc2lQkFhFuad/Xxr4BOk/koa/0 3tv+pd3HhtY8IL0ZGTXpMg== 0000950123-10-116279.txt : 20101223 0000950123-10-116279.hdr.sgml : 20101223 20101223161135 ACCESSION NUMBER: 0000950123-10-116279 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20101221 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20101223 DATE AS OF CHANGE: 20101223 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NII HOLDINGS INC CENTRAL INDEX KEY: 0001037016 STANDARD INDUSTRIAL CLASSIFICATION: RADIO TELEPHONE COMMUNICATIONS [4812] IRS NUMBER: 911671412 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-32421 FILM NUMBER: 101272460 BUSINESS ADDRESS: STREET 1: 1875 EXPLORER ST. STREET 2: SUITE 1000 CITY: RESTON STATE: VA ZIP: 20190 BUSINESS PHONE: 7033905100 MAIL ADDRESS: STREET 1: 1875 EXPLORER ST. STREET 2: SUITE 1000 CITY: RESTON STATE: VA ZIP: 20190 FORMER COMPANY: FORMER CONFORMED NAME: NEXTEL INTERNATIONAL INC DATE OF NAME CHANGE: 19970919 FORMER COMPANY: FORMER CONFORMED NAME: MCCAW INTERNATIONAL LTD DATE OF NAME CHANGE: 19970402 8-K 1 w80956e8vk.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): December 21, 2010
 
NII HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
         
Delaware
(State or other jurisdiction
of incorporation) 		  000-32421
(Commission File Number) 		  91-1671412
(IRS Employer
Identification No.)
     
1875 Explorer Street, Suite 1000    
Reston, Virginia
(Address of principal executive offices) 		  20190
(Zip Code)
Registrant’s telephone number, including area code: (703) 390-5100
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 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(e)   Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
     On December 21, 2010, the Compensation Committee of the Board of Directors of NII Holdings, Inc. established the performance criteria and goals for executive officers with respect to cash bonus awards to be paid under our annual short-term incentive compensation plan for achievements relating to our performance for the 2011 fiscal year (the “2011 Bonus Plan”). The performance measures that will be used to determine the amounts paid under the 2011 Bonus Plan to our executive officers and the percentage of the total payout related to each performance metric are as follows:
                 
    Percent of Payout for   Percent of Payout for
Performance Measure   Executive Officers at Headquarters   Executive Officers in our Markets(1)
Consolidated Operating Income Before Depreciation and Amortization (OIBDA)
     40 %     24 %
Consolidated Economic Value Added (EVA)
     20 %     12 %
Consolidated Net Subscriber Additions
     25 %     12.5 %
Market OIBDA
     0 %     16 %
Market EVA
     0 %     8 %
Market Net Subscriber Additions
     0 %     12.5 %
Individual Performance
     15 %     15 %
 
(1)   Market performance measures for the executive officers in our markets are based on the performance of the market in which the executive officer serves.
     The Compensation Committee will establish the target bonus amounts under the 2011 Bonus Plan in connection with the 2011 compensation reviews that will be conducted in early 2011. In prior years, such target bonus amounts have been established as a percentage of each executive officer’s base salary, and it is anticipated that a similar practice will be followed to establish target bonus amounts for 2011. The payout under the 2011 Bonus Plan may range from 0% to 200% of the target bonus amounts based on a comparison of our actual performance to the target performance goal levels established for each performance measure. The final determination of any awards made pursuant to the 2011 Bonus Plan is subject to the approval of the Compensation Committee, and any awards under the 2011 Bonus Plan are expected to be paid in cash in the first quarter of 2012.

 

 

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.
         
  NII HOLDINGS, INC.
(Registrant)
 		  
Dated: December 23, 2010  By:   /s/ Gary D. Begeman    
    Gary D. Begeman   
    Vice President, General Counsel and Secretary   
 

 

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