UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): | September 24, 2010 |
Conexant Systems, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
Delaware | 000-24923 | 25-1799439 |
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
4000 MacArthur Boulevard, Newport Beach, California | 92660 | |
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
Registrants telephone number, including area code: | 949-483-4600 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 24, 2010, the Compensation and Management Development Committee of the Board of Directors of Conexant Systems, Inc. approved a grant of Restricted Stock Units ("RSU"s) on September 24, 2010, as follows: 150,000 RSUs to each of the Company’s Co-Presidents -- Christian Scherp and Sailesh Chittipeddi; 100,000 RSUs to Jean Hu, the Company’s Chief Financial Officer, Treasurer and Senior Vice President of Business Development; and,75,000 RSUs to Mark Peterson, the Company’s Senior Vice President, Chief Legal Officer and Secretary. Each of these grants of RSUs is subject to a two (2) year cliff vesting schedule (i.e., each RSU award will vest on the second anniversay of the date of grant).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Conexant Systems, Inc. | ||||
September 27, 2010 | By: |
Mark Peterson
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Name: Mark Peterson | ||||
Title: Senior Vice President, Chief Legal Officer and Secretary |