8-K 1 form8k051707.htm FORM 8-K FORM 8-K

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
 
_______________
 
FORM 8-K
_______________
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
 
Date of report (Date of earliest event reported):
May 17, 2007 (May 11, 2007)
 
_______________
 
        
JDS UNIPHASE CORPORATION
(Exact Name of Registrant as Specified in its Charter)
 
_______________
 
         
Delaware
 
000-22874
 
94-2579683
(State or Other Jurisdiction of
Incorporation or Organization)
 
 
(Commission File Number)
 
(IRS Employer
Identification Number)
 
 
430 North McCarthy Boulevard
Milpitas, California 95035
(Address of Principal Executive Offices, Including Zip Code)
 
(408) 546-5000
(Registrant’s Telephone Number, Including Area Code)
 
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 Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
 
(b) Effective May 17, 2007 John Peeler ceased serving in the position of Executive Vice President of JDS Uniphase Corporation (the “Company”) and as President of the Company’s Communications Test & Measurement Group. Mr. Peeler’s employment with the Company will terminate on June 30, 2007.
 
As reported in a Current Report on April 25, 2007 Debora Shoquist ceased serving in the position of Senior Vice President, Operations of the Company on April 19, 2007. Ms. Shoquist’s employment with the Company will terminate on or before September 1, 2007.

(e) Immediately following the termination of Mr. Peeler’s employment with the Company, and conditioned upon the execution of a separation agreement, Mr. Peeler will be entitled to $168,750 (representing Mr. Peeler’s bonus for the second half of fiscal year 2007 under the Company’s standard employee bonus plan), and (ii) $113,750 (representing the fourth installment of Mr. Peeler’s retention bonus pursuant to his Employment Agreement dated May 23, 2005).

Immediately following the termination of Ms. Shoquist’s employment with the Company, and conditioned upon the execution of a separation agreement, Ms. Shoquist will be entitled to (i) a severance payment of $425,000, and (ii) Company paid COBRA benefits continuation for the shorter of (a) six months or (b) the date upon which Ms. Shoquist becomes eligible for reasonably comparable benefits coverage from another employer.


Item 9.01. Financial Statements and Exhibits.
 
(d)  
 
Exhibits.

 
 
 
 
 
Exhibit No.
 
Description
 
99.1
    
Press release entitled “JDSU Names Industry Veteran Helmut Berg to Lead Communications Test & Measurement Business” dated May 17, 2007.
         

 


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.
     
 
JDS Uniphase Corporation
 
 		  
 		  
 
Date: May 17, 2007 By:   /s/ Christopher S. Dewees
 
Christopher S. Dewees
 
Senior Vice President, Corporate Development
and Chief Legal Officer
 
 

EXHIBIT INDEX

Exhibit
Number
 
Description
 
99.1
 
 
Press release entitled “JDSU Names Industry Veteran Helmut Berg to Lead Communications Test & Measurement Business” dated May 17, 2007.