- Current report filing (8-K)
December 16 2008 - 3:35PM
Edgar (US Regulatory)
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):
December
15, 2008
Cabot Microelectronics
Corporation
(Exact
name of registrant as specified in its charter)
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification)
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870
Commons Drive, Aurora, Illinois
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(Address
of principal executive offices)
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(Zip
Code)
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(Registrant’s
telephone number, including area
code)
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(Former
name or former address, if changed since last
report)
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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:
o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
5.02
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Departure of Directors
or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain
Officers.
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On
December 15, 2008, the Board of Directors (the “Board”) of Cabot
Microelectronics Corporation (the “Corporation”) and the Compensation Committee
of the Board approved the performance goals for the Corporation upon which cash
bonus awards that may be paid to the Corporation’s executive officers and other
employees under the Corporation’s Annual Incentive Program (“AIP”) for the
fiscal year ending September 30, 2009 (“Fiscal 2009”), are intended to be
based. The performance goals for Fiscal 2009 are: financial goals
that include earnings per share, earnings before interest and taxes, gross
margin, total revenue, and a cash flow measure. Any cash bonus award
amounts pursuant to the AIP will be determined for each participant based on
levels of attainment of the indicated goals by the Corporation, as well as the
attainment of individual performance objectives, as assessed by the Compensation
Committee of the Board using its discretion. Such assessment may
include consideration of macroeconomic and other factors, whether or not able to
be generally foreseen, that may impact the Corporation’s performance during
Fiscal 2009.
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.
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CABOT
MICROELECTRONICS CORPORATION
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Date:
December 16, 2008
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By:
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/s/ WILLIAM S. JOHNSON
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William
S. Johnson
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Vice
President and Chief Financial Officer
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[Principal
Financial Officer]
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