7-Jul-2008
Change in Directors or Principal Officers
SEC Filing: Form 8-K for HARRIS STRATEX NETWORKS, INC.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
The Board of Directors of Harris Stratex Networks, Inc. (the "Company"), has appointed Heinz Stumpe, 53, as Chief Operating Officer of the Company, effective June 30, 2008.
Mr. Stumpe, a wireless transmission technology business veteran with more than 20 years of experience, previously served as the Company's Vice President of Global Operations from January 2007 to June 2008. Prior to that, Mr. Stumpe had the following positions at Stratex Networks, Inc., or Sratex, now named Harris Stratex Networks Operating Corporation, which is a wholly-owned subsidiary of the Company: Director of Marketing (1996-1999), Vice President of Global Accounts (1999-2002), Vice President of Strategic Accounts (2002-2003), Vice President of Product Marketing (2003-2006) and Vice President of Global Opertions (2006-2007).
The terms of Mr. Stumpe's employment agreement, dated as of April 1, 2006 (filed as Exhibit 10.15.2 to the Quarterly Report on Form 10-Q for the Fiscal Quarter Ended March 30, 2007), with Stratex and assumed by the Company in connection with the January 26, 2007 merger involving the Company and Stratex, are substantially the same as the previously reported standard form of executive employment agreement for the Company, including the severance and change of control provisions therein. Mr. Stumpe's current annual base salary is $309,000 and he is eligible to receive a targeted $150,000 incentive payment under the Company's executive incentive bonus plan. |
