8-K 1 form8k.htm STANDARD MICROSYSTEMS CORPORATIONS 8-K 11-10-2010 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):
November 10, 2010
_____________________________________
 
STANDARD MICROSYSTEMS CORPORATION
(Exact name of Company as specified in its charter)
 
DELAWARE
0-7422
11-2234952
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
 
80 Arkay Drive, Hauppauge, New York     11788
(Address of principal executive offices) (Zip Code)
 
(631) 435-6000
(Company's telephone number, including area code)
 
N/A
(Former  name,  former  address and former  fiscal year,  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 Company under any of the following provisions:
 
o
Written  communications  pursuant to Rule 425 under the  Securities Act (17 CFR 230.425)
   
o
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))
 
 
 
 
 
Item 5.02 Compensatory Arrangements of Certain Officers and Directors.
 
(c) In order to provide additional retention incentives and in recognition of his performance, on November 10, 2010 the Compensation Committee (the “Committee”) of Standard Microsystems Corporation (the “Company”) granted 14,230 restricted stock units to Roger Wendelken, Vice President of Worldwide Sales, and increased his base salary to $300,000 from $275,000, effective November 15, 2010.   The restricted stock units will vest in three equal annual increments beginning one year from the grant date of November 10, 2010.
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
 
STANDARD MICROSYSTEMS CORPORATION
 
(Company)
   
   
Date:  November 12, 2010
By:   /s/ Kris Sennesael
 
 
Kris Sennesael
 
Vice President and Chief Financial Officer