form8k.htm
 

 
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): May 13, 2008



ALTERA CORPORATION
(Exact name of registrant as specified in its charter)



         
Delaware
  
0-16617
  
77-0016691
(State or Other Jurisdiction
of Incorporation)
  
(Commission File Number)
  
(IRS Employer
Identification No.)
 
     
101 Innovation Drive, San Jose, California
  
95134
(Address of principal executive offices)
  
(Zip Code)
 
Registrant’s telephone number, including area code: (408) 544-7000
 
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 Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.

(d)  
On May 12, 2008, Altera Corporation (the “Company”) announced the election of Krish A. Prabhu to serve as a new member of the Company’s board of directors and compensation committee, effective May 13, 2008.  Mr. Prabhu most recently was Chief Executive Officer, President and a director of Tellabs.  Mr. Prabhu will participate in the non-employee director compensation arrangements described in the Company’s 2008 proxy statement.  He will receive an annual cash retainer of $50,000 for his service on the board of directors and an annual cash retainer of $10,000 for his service on the compensation committee.  As a new non-employee director, Mr. Prabhu received a stock option grant of 40,000 shares upon first becoming a director.  A copy of the press release announcing Mr. Prabhu’s election is included herewith as Exhibit 99.1 and incorporated herein by reference.

 
Item 9.01. Financial Statements and Exhibits.

 
(d)
Exhibits
 
99.1 Press Release dated May 12, 2008



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.
 

 
ALTERA CORPORATION
   
 
/s/ Katherine E. Schuelke
 
Katherine E. Schuelke
Vice President, General Counsel, and Secretary
Dated:  May 14, 2008



EXHIBIT INDEX
 
     
Exhibit No.
  
Description
99.1
  
Press Release dated May 12, 2008