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SHORETEL INC FILES (8-K) Disclosing Change in Directors or Principal Officers(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On August 15, 2014, the Board of Directors (the "Board") of ShoreTel, Inc. (the "Company") approved the payment of a $264,771 bonus to Don Joos, the Company's President and Chief Executive Officer, for meeting certain performance objectives in the second half of fiscal 2014. The Board also agreed to pay Mr. Joos an additional bonus of up to $100,000 if he relocates to the Company's headquarters, in Sunnyvale, California, by December 31, 2014 and is still employed by the Company. The Company will continue to provide a $6,000 per month stipend through the remainder of 2014 for his business travel between Austin, Texas and the Company's headquarters and for temporary living expenses. -------------------------------------------------------------------------------- [ Back To TMCnet.com's Homepage ] |