How does the amended stock option plan impact the company's share structure?

The amendment increases the total shares reserved for stock options from 8 million to 12 million, representing a significant expansion of the equity incentive pool. It also raises the individual limit per participant from 2 million to 3 million options, allowing for more substantial grants to key executives.

What is the vesting schedule for options granted under this plan?

Options granted under the Third Amended 2000 Option Plan will generally vest in 20% increments annually over a five-year period from the date of grant. Exceptions may apply, particularly in cases of termination of employment or retirement at age 65.

When does this amended stock option plan expire?

The Third Amended 2000 Stock Purchase and Option Plan for Key Employees is set to terminate in June 2010, unless the Board of Directors decides to terminate it earlier.

APH 8-K: Material Agreements

Q: What is the primary purpose of this 8-K filing?

The primary purpose of this 8-K filing is to report that Amphenol Corporation's stockholders have approved an amendment to its 2000 Stock Purchase and Option Plan for Key Employees. This amendment increases the number of shares available for stock options and the maximum number of options a single employee can receive.

Summary

Amphenol Corporation (APH) filed an 8-K on June 2, 2006, to report on the stockholder approval of the Third Amended 2000 Stock Purchase and Option Plan for Key Employees. This amendment, approved by the Board in January 2006 and by stockholders on May 24, 2006, significantly increases the share pool available for employee stock options. The key changes include an increase in the total reserved shares from 8,000,000 to 12,000,000 and a raise in the maximum options per participant from 2,000,000 to 3,000,000. The plan will now terminate in June 2010, unless terminated earlier by the Board. Administration remains with the Compensation Committee, which will determine eligibility and grant terms, with options vesting over five years. This action is a material event as it relates to the company's equity compensation strategy for its key employees.

Key Highlights

1Amphenol Corporation stockholders approved the Third Amended 2000 Stock Purchase and Option Plan for Key Employees.
2The total number of common shares reserved for issuance under the plan increased from 8,000,000 to 12,000,000.
3The maximum number of options that can be granted to a single participant increased from 2,000,000 to 3,000,000.
4The plan is now set to terminate in June 2010, unless terminated earlier by the Board.
5The plan continues to be administered by the Compensation Committee of the Board.
6Stock options granted under the plan will vest in 20% increments over five years from the grant date.
7The amendment was approved by the Board in January 2006 and by stockholders on May 24, 2006.

AMPHENOL CORP /DE/ 8-K Report, Material Agreement (Jun 2, 2006)

Summary

Key Highlights

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