-----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, Ap76JVTqrfOwoxHTo+rD30VR6wD5unlBtPbQEIvUAzrYAPAXXKPIJB9VpHO5qwz8 K4Pog6C/0eABlL3gRWPOQQ== 0000800459-06-000079.txt : 20061002 0000800459-06-000079.hdr.sgml : 20061002 20061002170058 ACCESSION NUMBER: 0000800459-06-000079 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060930 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20061002 DATE AS OF CHANGE: 20061002 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HARMAN INTERNATIONAL INDUSTRIES INC /DE/ CENTRAL INDEX KEY: 0000800459 STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD AUDIO & VIDEO EQUIPMENT [3651] IRS NUMBER: 112534306 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09764 FILM NUMBER: 061121311 BUSINESS ADDRESS: STREET 1: 1101 PENNSYLVANIA AVENUE N W STREET 2: STE 1010 CITY: WASHINGTON STATE: DC ZIP: 20004 BUSINESS PHONE: 2023931101 MAIL ADDRESS: STREET 1: 1101 PENNSYLVANIA AVENUE NW STREET 2: SUITE 1010 CITY: WASHINGTON STATE: DC ZIP: 20004 8-K 1 har8kgeiger.htm ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT Entry into a Material Definitive Agreement
Table of Contents

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):   September 29, 2006

HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED
(Exact Name of Registrant as Specified in Charter)

Delaware
(State or Other Jurisdiction of
Incorporation)

  

001-09764
(Commission File Number)

  

11-2534306
(IRS Employer Identification No.)

1101 Pennsylvania Avenue, N.W., Suite 1010
Washington, D.C. 20004

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code: (202) 393-1101

     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 (see General Instruction A.2. below):

 

 

¨   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 1.01.       Entry into a Material Definitive Agreement.

        On September 29, 2006, Harman International Industries, Incorporated (the “Company”) entered into a letter agreement (the “Agreement”) with Dr. Erich A. Geiger.  The Agreement, effective as of October 1, 2006, amends and restates Dr. Geiger’s existing employment agreement with the Company.  The Agreement was entered into in connection with Dr. Geiger’s appointment as Chief Strategy Officer of the Company.  He will also continue as Chief Technology Officer of the Company.  The Agreement terminates August 31, 2008.

        Under the Agreement, Dr. Geiger’s annual salary will be $1,000,000 and, in fiscal 2007, he will be eligible to earn a target bonus of up to 100% of his annual salary.  Dr. Geiger will also be eligible to receive an additional discretionary one-time bonus of $250,000, payable January 31, 2007.  Subject to Dr. Geiger’s execution of a two-year exclusive consulting agreement or a two-year non-compete agreement with the Company (either of which agreement would be effective upon termination of his employment with the Company), he will also be entitled to an annual retirement benefit equal to the greater of $988,755 or 50% of his average annual salary and bonus during the term of the Agreement or the last five years of service under the Agreement.  Dr. Geiger is also entitled under the Agreement to vacation, disability, life insurance and participation in other Company benefit plans and arrangements.



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.

                                                                   HARMAN INTERNATIONAL INDUSTRIES,
                                                                   INCORPORATED

                                                                   By:    /s/ Kevin L. Brown                     
                                                                           Kevin L. Brown
                                                                           Executive Vice-President and
                                                                           Chief Financial Officer

Date:  October 2, 2006

-----END PRIVACY-ENHANCED MESSAGE-----