UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) February 28, 2007
GOOGLE INC.
(Exact name of registrant as specified in its charter)
| Delaware | 0-50726 | 77-0493581 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
1600 Amphitheatre Parkway
Mountain View, CA 94043
(Address of principal executive offices, including zip code)
(650) 253-0000
(Registrant’s telephone number, including area code)
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 (see General Instruction A.2. below):
| ¨ | 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 February 28, 2007, Google increased the annual base salaries (effective as of January 1, 2007) of Google’s executive officers after a review of performance and competitive market data. The table below sets forth the annual base salary levels for 2006 and 2007 for Google’s named executive officers:
| Name and Position |
Year | Base Salary | |||
| Eric Schmidt |
2007 | $ | 1 | ||
| Chairman of the Executive Committee and Chief Executive Officer |
2006 | $ | 1 | ||
| Sergey Brin |
2007 | $ | 1 | ||
| President of Technology |
2006 | $ | 1 | ||
| Larry Page |
2007 | $ | 1 | ||
| President of Products |
2006 | $ | 1 | ||
| Robert A. Eustace |
2007 | $ | 450,000 | ||
| Senior Vice President, Engineering & Research |
2006 | $ | 250,000 | ||
| Omid Kordestani |
2007 | $ | 450,000 | ||
| Senior Vice President, Global Sales & Business Development |
2006 | $ | 250,000 | ||
| George Reyes |
2007 | $ | 450,000 | ||
| Senior Vice President & Chief Financial Officer |
2006 | $ | 250,000 | ||
| Jonathan Rosenberg |
2007 | $ | 450,000 | ||
| Senior Vice President, Product Management |
2006 | $ | 250,000 | ||
In addition, on February 28, 2007, Google determined the allocation of the discretionary bonus payment among Google’s executive officers, which payment was previously approved by the Board of Directors not to exceed an aggregate amount of $1,500,000. These payments are in recognition our executive officers’ contributions to our performance in 2006 and will be paid in addition to 2006 Senior Executive Bonus Plan payments. The table below sets forth the individual discretionary bonus payments to Google’s named executive officers:
| Name |
Bonus Amount | ||
| Eric Schmidt |
— | ||
| Sergey Brin |
— | ||
| Larry Page |
— | ||
| Robert A. Eustace |
$ | 205,560 | |
| Omid Kordestani |
$ | 249,296 | |
| George Reyes |
$ | 169,496 | |
| Jonathan Rosenberg |
$ | 205,560 | |
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.
| GOOGLE INC. | ||||
| Date: March 5, 2007 |
/s/ Eric Schmidt | |||
| Eric Schmidt | ||||
| Chairman of the Executive Committee | ||||
| and Chief Executive Officer | ||||