Current Report Filing (8-k)

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): November 4, 2014

SPRINT CORPORATION

(Exact Name of Registrant as Specified in Charter)



Delaware	1-04721	46-1170005
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)



6200 Sprint Parkway, Overland Park, Kansas				66251
(Address of principal executive offices)				(Zip Code)

Registrant's telephone number, including area code: (855) 848-3280

__________________________________________________________

(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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 4, 2014, the Vacancy Resolution Committee of the Board of Directors (the “Board”) of Sprint Corporation (the “Company” or “Sprint”) appointed Nikesh Arora as a new director of the Board. Mr. Arora is Vice Chairman of the board of directors of SoftBank Corp. and Chief Executive Officer of SoftBank Internet and Media, Inc. He was appointed to serve as a member of the Finance Committee of the Board.

There are no arrangements or understandings between Mr. Arora and any other persons pursuant to which he was selected as a director. The Board set Mr. Arora’s compensation for serving as a member of the Board as follows:


(1)	annual cash retainer of $85,000;


(2)	Board and committee meeting fees of $2,000 per meeting ($1,000 for telephonic meetings);


(3)	annual grant of $150,000 in restricted stock units granted each year at the Annual Stockholders’ Meeting and vesting in full upon the earlier of the subsequent Annual Stockholders’ Meeting or the first anniversary of the grant; and


(4)	telecommunications services and products and matching of Mr. Arora’s charitable contributions, capped at reasonable levels.

On November 5, 2014, the Board also granted Mr. Arora $106,250 in restricted stock units.

Mr. Arora is expected to enter into an indemnification agreement with the Company, the form of which is included as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on July 11, 2013.

A copy of the press release issued by the Company announcing the appointment of Mr. Arora is included as Exhibit 99.1 to this report and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits



Exhibit	Description
99.1	Press Release

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.

SPRINT CORPORATION

Date: November 7, 2014 /s/ Timothy O’Grady

Timothy O’Grady

Assistant Secretary

EXHIBIT INDEX



Exhibit	Description
99.1	Press Release

Exhibit 99.1

News Release

Sprint

6200 Sprint Parkway

Overland Park, Kan. 66251

Media Contact:

Scott Sloat

240-855-0164

Scott.Sloat@sprint.com

Sprint Appoints Nikesh Arora to Board of Directors

OVERLAND PARK, Kan. - Nov. 7, 2014 -Sprint (NYSE: S) announced today that Nikesh Arora has joined the company’s board of directors, bringing the total number of board members to nine. Mr. Arora has been chief executive officer of SoftBank Internet and Media, Inc. and vice chairman of SoftBank Corp. since Oct. 2014.

“We’re very fortunate to have Nikesh join the Sprint board at this important juncture,” said Masayoshi Son, chairman of Sprint’s board of directors. “His broad experience and executive leadership in leading edge technology companies will provide valuable insight and perspective to further Sprint’s growth and overall competitiveness.”

Mr. Arora, age 46, served as the chief business officer and senior vice president of Google Inc. until Aug. 1, 2014. Since 2004 he held several executive positions at Google and served as Senior Advisor of Value Creation at Silver Lake Partners since 2007. He also served as the chief marketing officer and a member of the management board of T-Mobile Europe.

Mr. Arora holds a MS degree from Boston College and an MBA from Northeastern University. He graduated from the Institute of Technology in Varanasi, India with a Bachelor’s degree in Electrical Engineering.

About Sprint

Sprint (NYSE: S) is a communications services company that creates more and better ways to connect its customers to the things they care about most. Sprint served 55 million customers as of September 30, 2014 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; leading no-contract brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. Sprint has been named to the Dow Jones Sustainability Index (DJSI) North America for the last four years. You can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.

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