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): April 30, 2009
Frontier Communications Corporation
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
001-11001 06-0619596
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(Commission File Number) (IRS Employer Identification No.)
3 High Ridge Park, Stamford, Connecticut 06905
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(Address of principal executive offices) (Zip Code)
(203) 614-5600
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(Registrant's telephone number, including area code)
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(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 CFR240.13e-4(c))
Item 8.01 Other Events
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Frontier Communications Corporation (the "Company") has an
employment agreement with its President and Chief Executive
Officer, Mary Agnes Wilderotter, which was entered into in
November 2004 and amended and restated to take into account
changes for purposes of Section 409A of the Internal Revenue Code
in December 2008 (as so amended, the "Employment Agreement"). The
initial term of the Employment Agreement expires in November
2009. The Employment Agreement contains, as an element of Mrs.
Wilderotter's compensation, an annual grant of restricted shares
with an aggregate value on the date of grant equal to no less
than $1,000,000 (the "Equity Provision"). On April 30, 2009, the
Company's Compensation Committee and Mrs. Wilderotter agreed that
upon renewal of the Employment Agreement in November 2009, the
Equity Provision will be removed. The Company's Compensation
Committee has also committed not to enter into any employment
agreements which contain guaranteed minimum equity provisions in
the future with Company executives.
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.
FRONTIER COMMUNICATIONS CORPORATION
Date: May 1, 2009 By: /s/ Robert J. Larson
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Robert J. Larson
Senior Vice President and Chief
Accounting Officer