8-K

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): 03/08/2010

SAVVIS, INC.

(Exact name of registrant as specified in its charter)

Commission File Number: 0-29375

Delaware	43-1809960
(State or other jurisdiction of incorporation)	(IRS Employer Identification No.)

1 SAVVIS Parkway, Town & Country, MO 63017

(Address of principal executive offices, including zip code)

314-628-7000

(Registrant’s telephone number, including area code)

(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:

¨ 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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(b) and (c) The Board of Directors of Savvis Inc. (the “Company”) has appointed James E. Ousley to serve as Chief Executive Officer (“CEO”). Additional information with respect to Mr. Ousley has been previously reported in the Company’s definitive proxy statement dated March 20, 2009 and its Current Report on Form 8-K filed on January 13, 2010.

On the recommendation of the Corporate Governance Committee, Dr. James P. Pellow, a director of the Company, has been elected as Lead Independent Director, a new role at the Company. A copy of the Charter of the Lead Independent Director is filed as Exhibit 99.1 hereto and incorporated by reference herein.

A copy of the Company’s press release dated March 8, 2010 is filed as Exhibit 99.2 hereto and incorporated by reference herein.

(e) On March 9, 2010, the Board’s Compensation Committee approved the following compensation package for Mr. Ousley:

• Mr. Ousley will receive a base salary of $550,000 per annum;

• Mr. Ousley will be eligible for an annual incentive bonus pursuant to the terms of the Company’s Annual Incentive Plan (“AIP”), to the extent the plan is offered, with a target bonus opportunity of 110% of Base Salary for 2010. The AIP bonus will not be prorated for 2010.

• The 25,000 stock units granted on January 11, 2010 vested March 7, 2010 with Mr. Ousley’s appointment as CEO. The Committee also awarded Mr. Ousley 500,000 stock options with a strike price equal to the fair market value on March 9, 2010 as well as an additional 225,000 restricted stock units with both the stock options and restricted stock units having a 4 year, 25% annual vesting schedule commencing one year from the date of the grant, and subject to the terms of the applicable plan and standard equity agreements that the Company currently uses for its executive officers. Both the restricted stock unit and stock option awards are subject to discretionary acceleration of vesting upon a change in control.

• Mr. Ousley will be provided the same health and welfare and other benefits and perquisites as other executive officers of the Company (but not including severance except as the Board may determine in its discretion).

• Mr. Ousley will be entitled to reimbursement for reasonable and necessary expenses for a furnished apartment in the St. Louis area, travel expenses to and from Arizona and St. Louis, and local transportation in St. Louis. If Mr. Ousley elects to relocate to St. Louis, he will receive reasonable and necessary moving expenses. To the extent any of these additional benefits are taxable to Mr. Ousley, he will be provided a tax gross up in a manner reasonably determined by the Company.

• Mr. Ousley will not be eligible for any annual compensation as Board Chairman or for service on any Board committees.

• Mr. Ousley will remain an employee at-will and required to sign the Company’s standard employee non-disclosure agreement.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

99.1	Charter of the Lead Independent Director
99.2	Press Release dated March 8, 2010

Signature(s)

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.

		SAVVIS, INC.
Date: 03/11/2010	By:	/s/ Eugene V. DeFelice
		Eugene V. DeFelice
		Senior Vice President, General Counsel & Secretary

Exhibit Index

Exhibit No.	Description
Ex. 99.1	Charter of the Lead Independent Director
Ex. 99.2	Press Release dated March 8, 2010

EX-99.1

Exhibit 99.1

Charter of the Lead Independent Director

If the Chairman of the Board and Chief Executive Officer are the same person, the Board of Directors will annually elect an independent director to serve in a lead capacity. Although annually elected, the Lead Independent Director is generally expected to serve for more than one year.

The Lead Independent Director coordinates the activities of the other non-management directors, and performs such other duties and responsibilities as the Board of Directors may determine.

The specific responsibilities of the Lead Independent Director are as follows:

Preside at Executive Sessions

-Preside at all meetings of the Board at which the Chairman is not present, including executive sessions of the independent directors.

Call Meetings of Independent Directors

-Has the authority to call meetings of the independent directors.

Function as Liaison with the Chairman

-Serve as principal liaison on Board-wide issues between the independent directors and the Chairman.

-Approve appropriate provision of information to the Board such as board meeting agendas and schedules

-Approve the quality, quantity and timeliness of information sent to the Board as well as approving meeting agenda items.

-Facilitate the Board’s approval of the number and frequency of board meetings, and approve meetings schedules to assure there is sufficient time for discussion of all agenda items.

Authorize Retention of Advisors and Consultants

-Authorize the retention of outside advisors and consultants who report directly to the Board of Directors on board-wide issues.

Shareholder Communication

-If requested by shareholders, ensures that he/she is available, when appropriate, for consultation and direct communication.

EX-99.2

Exhibit 99.2

CONTACTS:
Investors: Peggy Reilly Tharp	Media: Carter Cromley
(314) 628-7491	(703) 667-6110
peggy.tharp@savvis.net	carter.cromley@savvis.net

Savvis Appoints Jim Ousley as Chief Executive Officer

Company Ends CEO Search

ST. LOUIS, March 8, 2010 – SAVVIS, Inc. (Nasdaq: SVVS), a global leader in cloud infrastructure and hosted IT solutions for enterprises, today announced that board chair and interim CEO James E. Ousley will serve as its chief executive officer. As a result, the company’s board of directors has ended its search for a new CEO.

“The experience that we’ve had with Jim serving as interim CEO over the past two months has led the board to conclude that we already have the ideal candidate in the chief executive role,” said Dr. James P. Pellow, chairman of the board’s corporate governance committee. “The same confidence in Jim that caused us to put him in the leadership position during the management transition has led us to ask him to take on the role on a regular, full-time basis, and we are very pleased that he has accepted. Jim has demonstrated a strong ability to work with the management team and has already exhibited the strategic vision and tactical sense required to effectively implement Savvis’ plans for the future and to aid in the company’s ability to grow and expand.”

“I’m excited about this new chapter in my career and pleased with the confidence the board of directors has shown in my ability to lead Savvis,” said Jim Ousley, chief executive officer. “As Savvis’ new CEO, I’m looking forward to building on our strong foundation and providing increased value to our customers, employees and shareholders.”

Prior to assuming the role of interim CEO in January 2010, Jim Ousley had served as non-executive chairman of Savvis since May 2006 and as a director since April 2002. In 2001, he was a founder of Vytek Wireless Corporation and was president, chief executive officer and a director until 2004. In addition, Ousley previously served as CEO and president of Syntegra Inc. (USA), a wholly-owned subsidiary of BT Group. He also served as president and CEO of Control Data Systems, prior to

its acquisition by Syntegra. Ousley also held various executive roles at Control Data Corporation (Ceridian Corporation) in global sales and marketing, mergers and acquisitions, and business development. Throughout his career he has helped form and direct numerous IT product and service joint ventures in the U.S., Asia, India and Europe. Ousley is a seasoned executive with more than 35 years of experience leading global technology companies. He currently serves on the boards of ActivIdentity Corp., Bell Microproducts, Inc. and Datalink, Inc.

About Savvis

Savvis, Inc. (Nasdaq: SVVS) is a global leader in cloud infrastructure and hosted IT solutions for enterprises. More than 2,500 unique customers, including 30 of the top 100 companies in the Fortune 500, use Savvis to reduce capital expense, improve service levels and harness the latest advances in cloud computing. For more information, please visit savvis.net.

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