-----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, UFV/HbFTfNCN7VQNL3mht95EKWWHkeTp5C8+QEDU4OYGQ80pog7i1x04GhDF+RkZ 4kX7yVh0GdS8twGRQ+3xIw== 0001104659-11-009806.txt : 20110224 0001104659-11-009806.hdr.sgml : 20110224 20110224171523 ACCESSION NUMBER: 0001104659-11-009806 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110216 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20110224 DATE AS OF CHANGE: 20110224 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SUPERMEDIA INC. CENTRAL INDEX KEY: 0001367396 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS PUBLISHING [2741] IRS NUMBER: 205095175 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32939 FILM NUMBER: 11637400 BUSINESS ADDRESS: STREET 1: 2200 WEST AIRFIELD DRIVE STREET 2: P.O. BOX 619810 CITY: DFW AIRPORT STATE: TX ZIP: 75261-9810 BUSINESS PHONE: (972) 453-7000 MAIL ADDRESS: STREET 1: 2200 WEST AIRFIELD DRIVE STREET 2: P.O. BOX 619810 CITY: DFW AIRPORT STATE: TX ZIP: 75261-9810 FORMER COMPANY: FORMER CONFORMED NAME: IDEARC INC. DATE OF NAME CHANGE: 20061019 FORMER COMPANY: FORMER CONFORMED NAME: Verizon Directories Disposition CORP DATE OF NAME CHANGE: 20060623 8-K 1 a11-6719_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): February 16, 2011

 

SUPERMEDIA INC.

(Exact name of registrant as specified in its charter)

 

Delaware

 

1-32939

 

20-5095175

(State of Incorporation)

 

(Commission File Number)

 

(I.R.S. Employer
Identification Number)

 

2200 West Airfield Drive, P.O. Box 619810, DFW Airport, Texas 75261

(Address of Principal Executive Offices)

 

(972) 453-7000

(Registrant’s telephone number, including area code)

 

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.

 

On February 16, 2011, the Compensation Committee of the Board of Directors of SuperMedia Inc. (the “Company”) established the performance objectives and other terms of the Company’s 2011 Short Term Incentive Plan (the “2011 STI Plan”) pursuant to the Company’s 2009 Long Term Incentive Plan.   The 2011 STI Plan provides for a payment of incentive compensation to each of the Company’s executive officers and to other eligible employees.  These incentive compensation payments are determined by the Company’s achievement of specified performance metrics for 2011, based on: (i) EBITDA (earnings before interest, taxes, depreciation, and amortization), which comprises 70% of the total performance opportunity; and (ii) multi-product ad sales, which comprises 30% of the total performance opportunity.

 

Each of the performance objectives will have a threshold, target, and maximum level of payment opportunity.  Achievement of 100% of the performance metrics will result in award payouts equal to the target awards.  At 90% achievement for EBITDA and 92% achievement for multi-product ad sales, which are the minimum thresholds for award payouts, award payouts will be equal to 25% of the target awards.  At 120% achievement for EBITDA and 110% achievement for multi-product ad sales, which are the maximums, award payouts will be equal to 200% of the target awards.  If achieved, awards will be paid in cash during the first quarter of 2012.

 

The target awards under the 2011 STI Plan for each of the Company’s executive officers are set forth below:

 

Executive Officer

 

Target Award

 

 

 

 

 

Peter McDonald — President and Chief Executive Officer

 

$

900,000

 

 

 

 

 

Samuel D. Jones — Executive Vice President, Chief Financial Officer and Treasurer

 

$

337,500

 

 

 

 

 

Del Humenik — Executive Vice President — Sales

 

$

315,000

 

 

 

 

 

Cody Wilbanks — Executive Vice President, General Counsel and Secretary

 

$

297,500

 

 

 

 

 

Frank P. Gatto — Executive Vice President — Operations

 

$

280,000

 

 

 

 

 

Georgia Scaife — Executive Vice President, Human Resources and Employee Administration

 

$

195,000

 

 

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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.

 

 

 

SUPERMEDIA INC.

 

 

 

 

 

By:

/s/ Cody Wilbanks

`

 

Name:

Cody Wilbanks

 

 

Title:

Executive Vice President —

 

 

 

General Counsel and Secretary

 

 

Date: February 24, 2011

 

 

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