8-KLeadership ChangesExhibits & Filings

AGILENT TECHNOLOGIES, INC. 8-K Report, Executive Changes (Nov 22, 2011)

Filed November 22, 2011For Securities:A

Summary

This Form 8-K filing by Agilent Technologies, Inc. reports a significant executive appointment and associated compensation changes. Effective November 17, 2011, Ronald S. Nersesian was appointed Executive Vice President and Chief Operating Officer. This promotion signifies internal leadership development and recognizes Mr. Nersesian's prior experience within the company, particularly his roles within the Electronic Measurement Group. Investors should note the compensatory package awarded to Mr. Nersesian, which includes a base salary increase to $650,000, a target bonus of 95% of base salary, a stock option grant for 112,697 shares, and performance-based stock units of 29,934 shares. The stock units are tied to company performance over a three-year period ending October 31, 2014, with payouts ranging from 0% to 200% of the target amount. This package indicates a strong alignment of executive incentives with company performance and shareholder value.

Key Highlights

  • 1Ronald S. Nersesian appointed Executive Vice President and Chief Operating Officer, effective November 17, 2011.
  • 2Mr. Nersesian has a strong internal track record, previously leading Agilent's Electronic Measurement Group.
  • 3Annual base salary for Mr. Nersesian increased to $650,000, effective December 1, 2011.
  • 4Target award percentage under the Performance-Based Compensation Plan increased to 95% of base salary.
  • 5Mr. Nersesian received a stock option grant for 112,697 shares.
  • 6Performance-based stock units totaling 29,934 shares were granted, vesting October 31, 2014.
  • 7The performance-based stock units have a payout range of 0% to 200% based on three-year company performance.

Frequently Asked Questions

Ronald S. Nersesian has been appointed as the new Executive Vice President and Chief Operating Officer, effective November 17, 2011.

Mr. Nersesian's new compensation includes an annual base salary of $650,000 (effective Dec 1, 2011), a target bonus of 95% of base salary, a stock option grant for 112,697 shares, and 29,934 performance-based stock units.

The performance-based stock units will vest on October 31, 2014. The payout will range between 0% and 200% of the target amount, based on Agilent's performance against goals set for the three-year period ending October 31, 2014.

This filing focuses on an executive promotion rather than a strategic shift. Mr. Nersesian's extensive experience within Agilent's Electronic Measurement Group suggests a continuation of existing operational focus, with the compensation package designed to incentivize performance and retention.