TIBCO SOFTWARE INC FILES (8-K) Disclosing Other Events

Edgar Glimpses |

Item 8.01. Other Events

On June 26, 2014, the Board of Directors of TIBCO Software Inc. ("TIBCO") reviewed its non-employee director equity compensation. The compensation policy for non-employee directors continues to target total cash compensation at the 50th percentile and long-term equity incentive awards at the 50th percentile of TIBCO's peer group. At the June 26, 2014 meeting, the Board of Directors elected to alter the manner in which the size of equity awards granted upon reappointment will be determined such that a member will no longer receive a fixed number of restricted stock units. Instead, upon reappointment to the Board of Directors at the annual meeting of stockholders, a non-employee director who had been serving on the Board of Directors for at least six months prior to the annual meeting will receive a grant of restricted stock units on the date of such re-election with an approximate value equal to the dollar value of long-term equity incentive awards at the 50th percentile of TIBCO's peer group. For awards to be made in connection with TIBCO's annual meeting in 2015, the value shall be $225,000. The actual number of restricted stock units will be determined based on the closing sale price of TIBCO's common stock on the date of grant. The vesting schedule for these grants is unchanged, and they will vest in full on the earlier of (a) the first annual meeting of TIBCO's stockholders that occurs after the vesting commencement date or (b) the first anniversary of the vesting commencement date. The cash compensation component for non-employee directors remains unchanged.


DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Symbol Name Price Change % Volume
TPRKY Travis Perkins Plc (United Kingdom) ADR (Sponsored 19.15 0.00 0.00 0


Emerging Growth

ParcelPal Technology Inc.

ParcelPal Technology Inc is a community based delivery service. The Company through its mobile delivery app enables businesses and individuals to quickly and affordably have items delivered locally though crowd-sourced…

Private Markets


Lyft matches drivers using their own personal vehicles with passengers who request rides through the smartphone app, and the passengers pay automatically through the app. When using Lyft, passengers have…


Wealthfront is an automated investment service that serves as an alternative to traditional financial advisory services. The company manages a diversified, continually rebalanced portfolio of index funds on their clients’…