8-KLeadership ChangesExhibits & Filings

TE Connectivity plc 8-K Report, Executive Changes (May 13, 2011)

Filed May 13, 2011For Securities:TEL

Summary

TE Connectivity Ltd. (TEL) filed an 8-K on May 13, 2011, reporting a significant executive promotion. Joseph B. Donahue has been appointed as the new Executive Vice President and Chief Operating Officer, effective May 9, 2011. This promotion reflects internal leadership development and assigns key operational responsibilities to Mr. Donahue, who will continue to oversee the Transportation Solutions segment. Investors should note that Mr. Donahue's compensation will be adjusted to reflect his new role, including an increase in his annual base salary to $605,000 and an anticipated equity incentive award. The company has committed to filing an amendment to this 8-K within sixty days to disclose the specific terms of this equity award once it is granted by the Board's Management Development and Compensation Committee. This event signals ongoing management changes and potential equity-based compensation adjustments.

Key Highlights

  • 1Joseph B. Donahue promoted to Executive Vice President and Chief Operating Officer (COO) effective May 9, 2011.
  • 2Mr. Donahue will retain responsibility for the Transportation Solutions segment.
  • 3Annual base salary increase for Mr. Donahue to $605,000.
  • 4Mr. Donahue is expected to receive an additional equity incentive award.
  • 5Company will file an amendment to disclose details of the equity award within 60 days.
  • 6This filing is an 8-K Current Report dated May 12, 2011, reporting an event from May 9, 2011.

Frequently Asked Questions

Joseph B. Donahue has been appointed as the new Executive Vice President and Chief Operating Officer of TE Connectivity Ltd., effective May 9, 2011.

Mr. Donahue's annual base salary will increase to $605,000. He is also expected to receive an additional equity incentive award, the details of which will be disclosed in an amended filing within sixty days.

Yes, Mr. Donahue will continue to have responsibility for TE Connectivity's Transportation Solutions segment in his new role as COO.

The company expects to file an amendment to this Form 8-K disclosing the terms of Mr. Donahue's equity incentive award within the next sixty days, after it has been granted by the Management Development and Compensation Committee.