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): November 17, 2011
AGILENT TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
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Delaware |
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001-15405 |
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77-0518772 |
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(State or other jurisdiction |
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(Commission |
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(IRS Employer |
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of incorporation) |
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File Number) |
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Identification No.) |
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5301 Stevens Creek Boulevard, Santa Clara, CA |
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95051 |
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(Address of principal executive offices) |
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(Zip Code) |
Registrant’s telephone number, including area code (408) 553-2424
(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 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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(c) |
On November 17, 2011, the Board of Directors of Agilent Technologies, Inc. (“Agilent” or the “Company”) appointed Ronald S. Nersesian, 52, to serve as the Company’s Executive Vice President and Chief Operating Officer, effective immediately. From March 2009 to November 2011, Mr. Nersesian served as Senior Vice President, Agilent and President, Electronic Measurement Group. From February 2005 to February 2009, Mr. Nersesian served as Agilent’s Vice President and General Manager of the Wireless Business Unit of the Electronics Measurement Group and from May 2002 to February 2005, as Vice President and General Manager of the Design Validation Division of the Electronic Measurement Group. Mr. Nersesian currently serves on the board of directors of Trimble Navigation Limited. |
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In connection with Mr. Nersesian’s appointment, the Compensation Committee of the Board of Directors (the “Committee”) approved an increase in his annual base salary to $650,000, effective December 1, 2011. The Committee also increased Mr. Nersesian’s target award percentage under the Company’s Performance-Based Compensation Plan for Covered Employees to 95% of annual base salary. In addition, the Committee granted Mr. Nersesian (i) an option to purchase 112,697 shares of Company common stock, and (ii) performance-based stock units of Agilent common stock in the target amount of 29,934 shares. The stock option and performance-based stock unit award are subject to the standard terms and conditions of the Company’s forms of equity award agreements under Agilent’s 2009 Stock Plan. The performance-based stock unit award will vest on October 31, 2014 with the actual payout ranging between 0% and 200% of the target based on Agilent’s actual performance against performance goals established by the Committee for the three-year period ending on October 31, 2014. |
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A copy of the Company’s press release announcing the appointment of Mr. Nersesian is attached hereto as Exhibit 99.1 and hereby incorporated by reference. |
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following is filed as an exhibit to this report:
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Exhibit |
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Description |
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99.1 |
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Press release dated November 17, 2011. |
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 hereunto duly authorized.
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AGILENT TECHNOLOGIES, INC. | |
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By: |
/s/ Stephen D. Williams |
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Name: |
Stephen D. Williams |
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Title: |
Vice President, Assistant General Counsel and |
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Date: November 22, 2011 |
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Exhibit 99.1
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EDITORIAL CONTACT: |
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Amy Flores |
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+1 408 345 8194 |
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amy_flores@agilent.com |
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INVESTOR CONTACT: |
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Alicia Rodriguez |
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+1 408 345 8948 |
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alicia_rodriguez@agilent.com |
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Agilent Technologies Appoints Ron Nersesian Executive Vice President and Chief Operating Officer; Guy Séné to Head Electronic Measurement Group
SANTA CLARA, Calif., Nov. 17, 2011 — Agilent Technologies Inc. (NYSE: A) today announced that Ron Nersesian has been appointed executive vice president and chief operating officer, effective immediately. Nersesian has been president of Agilent’s largest business, the Electronic Measurement Group (EMG), since 2009.
Nersesian, 52, will have day-to-day responsibility for Agilent’s three businesses, Electronic Measurement, Chemical Analysis and Life Sciences, with the presidents of those businesses reporting to him. Nersesian will continue to report to William (Bill) Sullivan, president and chief executive officer.
Guy Séné, 56, who has been vice president of the Microwave and Communications Division (MCD) since 2009, will replace Nersesian as EMG president.
Nersesian first joined Hewlett-Packard, Agilent’s predecessor company, in 1984. Since then he has served in various management positions, including vice president of the Wireless Business Unit, before being named EMG president.
Nersesian holds a bachelor’s degree in electrical engineering from Lehigh University and an MBA from New York University’s Stern School of Business.
“Ron has done a superb job of leading Agilent’s electronic measurement business,” said Sullivan. “He was responsible for a complete transformation of EMG, resulting in outstanding profitable growth in current as well as emerging markets.”
Sullivan said, “Ron’s appointment as COO is an opportunity for Agilent to leverage the skills of an executive with an exceptional record of business growth, cost improvements and superior return on invested capital even during difficult economic times.”
“Ron has also built an excellent leadership team, from which we have named the next president of EMG,” he added.
Séné has been vice president and general manager of MCD since 2009. He has been with the company since 1976, holding a variety of leadership sales and marketing positions throughout the world, including in Europe and Asia.
Séné holds a diploma in electronic engineering and an MBA from the Institut d’Administration des Entreprises de Paris and an Executive MBA from the University of Michigan’s Ross School of Business.
“Guy’s leadership of MCD and in EMG’s international operations has been consistently marked by outstanding growth and attention to building customer solutions,” said Sullivan. “I am confident that his capabilities are well matched to continuing the momentum in EMG.”
About Agilent Technologies
Agilent Technologies (NYSE: A) is the world’s premier measurement company and a technology leader in communications, electronics, life sciences and chemical analysis. The company’s 18,700 employees serve customers in more than 100 countries. Agilent had net revenues of $6.6 billion in fiscal 2011. Information about Agilent is available at www.agilent.com.
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NOTE TO EDITORS: Further technology, corporate citizenship and executive news is available on the Agilent news site at www.agilent.com/go/news.