8-KLeadership Changes

AGILENT TECHNOLOGIES, INC. 8-K Report, Executive Changes (Jun 7, 2005)

Filed June 7, 2005For Securities:A

Summary

Agilent Technologies, Inc. filed a Form 8-K on June 7, 2005, to report a significant change in its principal accounting officer. David B. Cooper, Jr. has been appointed as the Company's principal accounting officer, in addition to his existing role as Senior Vice President, Finance, and Treasurer. Mr. Cooper's prior experience includes CFO roles at several technology companies, and his compensation package includes a base salary of $375,000, a target bonus, and equity awards. Didier Hirsch will transition from his role as principal accounting officer but will continue as Vice President and Controller.

Key Highlights

  • 1David B. Cooper, Jr. appointed as Agilent's Principal Accounting Officer, effective June 7, 2005.
  • 2Mr. Cooper retains his position as Senior Vice President, Finance, and Treasurer.
  • 3Mr. Cooper's compensation includes an annual base salary of $375,000.
  • 4He is eligible for a short-term target bonus of 60% of his base salary.
  • 5Mr. Cooper received 12,000 performance program shares and a stock option grant for 68,500 shares.
  • 6He is required to achieve a stock ownership level of three times his annual salary within five years.
  • 7Didier Hirsch will step down as Principal Accounting Officer but will remain Vice President and Controller.

Frequently Asked Questions

David B. Cooper, Jr. has been appointed as the principal accounting officer for Agilent Technologies, effective June 7, 2005. He also serves as Senior Vice President, Finance, and Treasurer.

Mr. Cooper's compensation includes an annual base salary of $375,000, a short-term target bonus of 60% of his base salary, 12,000 shares under the long-term performance program, and a stock option grant for 68,500 shares.

Mr. Cooper is required to attain an investment level in Agilent’s stock equal to three times his annual salary, including direct ownership of at least 10,000 shares of Agilent common stock. This ownership must be achieved within five years of his appointment date (April 2010).

Yes, Didier Hirsch will discontinue his service as the principal accounting officer but will continue in his role as Vice President and Controller of the Company.