Date of report (Date of
earliest event reported) February 14, 2005
(February 8, 2005)
STORAGE TECHNOLOGY
CORPORATION
(Exact Name of
Registrant As Specified In Its Charter)
| Delaware | 1-7534 | 84-0593263 |
| (State or jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
One StorageTek Drive,
Louisville, Colorado 80028-4309
(Address of Principal Executive
Offices) (Zip Code)
Registrant’s telephone number, including area code (303) 673-5151
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: |
|
o |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
On February 8, 2005, the Human Resources and Compensation Committee of the Board of Directors of Storage Technology Corporation (“StorageTek”) approved a form of restricted stock agreement for use in connection with StorageTek’s Amended and Restated 1995 Equity Participation Plan (“1995 Plan”) and a form of restricted stock agreement for use in connection with StorageTek’s 2004 Long Term Incentive Plan (“2004 Plan”). The agreements address, among other things, the vesting of the awards, the effect of termination of employment on the awards, the participant’s obligation to pay certain taxes, and a waiver of data privacy rights. The agreement related to the 2004 Plan includes a new definition of retirement (age 55 and 5 years of service) and provides for the accelerated vesting of restricted shares upon retirement. Copies of the agreements are attached hereto as exhibits.
(c) Exhibits
| Exhibit Number | Description | |
| 10.1 | Form of Restricted Stock Agreement under 1995 Plan | |
| 10.2 | Form of Restricted Stock Agreement under 2004 Plan |
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Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: February 14, 2005 | Storage Technology Corporation By: /s/ Thomas G. Arnold —————————————— Vice President, Corporate Controller |
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