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TMCNet:  SILICON LABORATORIES INC FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits

[January 24, 2014]

SILICON LABORATORIES INC FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits

(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 23, 2014, the Compensation Committee of the Board of Directors of Silicon Laboratories Inc. approved the 2014 Bonus Plan. The 2014 Bonus Plan is attached hereto as Exhibit 10.1 and the terms thereof are incorporated herein by reference. The 2014 Bonus Plan provides for the potential payment of quarterly cash bonuses to employees (including executive officers) which may be based upon individual or company performance criteria such as, without limitation, adjusted operating income, earnings per share, revenue, revenue by product area(s), gross margin, gross margin by product area(s) or management-based objectives such as the introduction of new products.


Item 9.01. Financial Statements and Exhibits (d) Exhibits.

10.1 Silicon Laboratories Inc. 2014 Bonus Plan.

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