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): | July 12, 2011 |
Arbitron Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
| Delaware | 1-1969 | 52-0278528 |
|
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 9705 Patuxent Woods Drive, Columbia, Maryland | 21046 | |
|
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
| Registrant’s telephone number, including area code: | 410-312-8000 |
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:
[ ] 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.
(d) On July 12, 2011, Ronald G. Garriques, age 47, was appointed to the Board of Directors of Arbitron Inc. (the "Company") to serve until the next annual meeting of stockholders of the Company, or until his earlier death, resignation or removal. Additional information about Mr. Garriques is included in the Company’s press release issued on July 13, 2011, which is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
Mr. Garriques will participate in the Company’s previously disclosed Non-Employee Director Incentive Program. In connection with joining the Company’s Board of Directors, on July 12, 2011, Mr. Garriques received a one-time grant of 4,500 deferred stock units, which deferred stock units will vest in three equal installments of 1,500 deferred stock units over a three-year period and will be payable no sooner than six months following Mr. Garriques’ termination of service as a director of the Company. The award is in the form of the Company’s standard Form of 2008 Equity Compensation Plan Director Deferred Stock Unit Agreement - Initial Grant under the Arbitron Inc. 2008 Equity Compensation Plan, filed as Exhibit 10.24 to the Company’s Form 10-K for the fiscal year ended December 31, 2010, filed on February 24, 2011.
Item 9.01 Financial Statements and Exhibits.
Exhibit 99.1 Press Release of Arbitron Inc. dated July 13, 2011
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.
| Arbitron Inc. | ||||
| July 13, 2011 | By: |
Timothy T. Smith
|
||
|
|
||||
| Name: Timothy T. Smith | ||||
| Title: Executive Vice President, Business Development and Strategy & Chief Legal Officer & Secretary | ||||
Exhibit Index
| Exhibit No. | Description | |
|
|
|
|
|
99.1
|
Press Release of Arbitron Inc. dated July 13, 2011 |
Press
Information
Investor Contact: Thom Mocarsky
Arbitron Inc.
410-312-8239
thom.mocarsky@arbitron.com
Press Contact: Kim Myers
Arbitron Inc.
410-312-8500
kim.myers@arbitron.com
FOR IMMEDIATE RELEASE
Ronald G. Garriques Named to Board of Directors of Arbitron Inc.
Columbia, MD; July 13, 2011 — Arbitron Inc. (NYSE:ARB) today announced that Ronald G. Garriques, former President of Dell Inc.’s Communication Solutions Group, has been appointed to the Arbitron Board of Directors, effective Tuesday, July 12, 2011, to serve until the next annual meeting of stockholders.
“Ron brings to Arbitron significant expertise in mobile technology as well as international business development and operations, further expanding the capabilities of the Board in these critical areas,” said Philip Guarascio, Chairman of the Arbitron Board of Directors. “As mobile devices reshape how consumers utilize all forms of media, Ron’s years of direct experience in this rapidly evolving consumer arena will be invaluable to Arbitron as the company moves forward with its cross-platform measurement initiatives.”
Mr. Garriques joined Dell Inc., a publicly traded technology company, in February 2007 as president of its Global Consumer Business. In this role he drove the direct, online, retail and distribution channels worldwide. Ron also drove the overall consumer product line including the Alienware, Adamo, XPS, Studio, Inspiron and Dimension computing product lines and the Streak and Venue mobile product lines. Mr. Garriques currently consults for Dell, and in June 2011 he became the Chief Executive Officer and Chairman of Gee Holdings LLC, a private company.
Prior to his tenure at Dell, Mr. Garriques was an Executive Vice President at Motorola and President, Mobile Devices Business from October 2004 through February 2007. Prior, he served as General Manager, Personal Communications Sector, for the company’s European, Middle Eastern, African and South Asian operations. Ron joined Motorola in 1998 and played multiple roles in program management, product management and engineering of Motorola’s platform of wireless products.
From 1986 to 1998, Mr. Garriques worked for ATT/Lucent Technologies where he held leadership roles in product management, engineering, customer technical support and deployment of Wireless Infrastructure for the global markets.
Mr. Garriques has an MBA from the Wharton School of the University of Pennsylvania, an MS in Mechanical Engineering from Stanford University, and a BS in Mechanical Engineering from Boston University. Ron is a Trustee of Boston University and sits on the College of Engineering’s Board of Advisors.
About Arbitron
Arbitron Inc. (NYSE: ARB) is a media and marketing research firm serving the media – radio,
television, cable and out-of-home – as well as advertisers and advertising agencies. Arbitron’s
core businesses are measuring network and local market radio audiences across the United States;
surveying the retail, media and product patterns of local market consumers; and providing
application software used for analyzing media audience and marketing information data. The company
has developed the Portable People Meter™ (PPMTM) and PPM 360™, new technologies for
media and marketing research.
Portable People Meter™, PPM™ and PPM 360™ are marks of Arbitron Inc.