Form 8-K
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): March 22,
2007
COMMSCOPE,
INC.
(Exact
name of registrant as specified in its charter)
|
Delaware
(State
or other jurisdiction of
incorporation)
|
1-12929
(Commission
File Number)
|
36-4135495
(I.R.S.
Employer
Identification
Number)
|
| |
1100
CommScope Place, SE
P.O.
Box 339
Hickory,
North Carolina 28602
(Address
of principal executive offices)
|
|
Registrant’s
telephone number, including area code: (828) 324-2200
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 CFR 240.13e-4(c))
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Item
5.02.
|
Departure
of Directors or Certain Officers; Election of Directors; Appointment
of
Certain Officers; Compensatory Arrangements of Certain
Officers.
|
(e)
Compensatory Arrangements of Certain Officers
On
March
22, 2007, the Compensation Committee (the “Compensation Committee”) of the Board
of Directors of CommScope, Inc. (the “Company”) established (i) the classes and
number of employees (which includes the Company’s executive officers) eligible
to receive an award under the Company’s Annual Incentive Plan (the “AIP”) with
respect to the 2007 performance year, (ii) the aggregate target award for each
employee class with respect to the 2007 performance year, and (iii) the maximum
award payable to any employee class under the AIP with respect to the 2007
performance year.
In
addition, the Compensation Committee determined that the Financial Targets
(as
such term is defined in the AIP) for the 2007 performance year will be expressed
in terms of Operating Income for either the Company or one of its operating
units, as applicable. The term “Operating Income” is defined as operating income
(or loss) as appears on the Company’s consolidated statement of operations for
2007, increased or decreased by certain specified items.
Amounts
payable under the AIP with respect to the 2007 performance year can range from
0% to 150% of the targeted awards (from 0% to 182% of the targeted award in
the
case of the Chief Executive Officer), based on the extent to which actual
Operating Income meets, exceeds or is below the applicable Financial Target.
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.
Dated:
March 22, 2007
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COMMSCOPE,
INC. |
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By: |
/s/ Frank
B.
Wyatt, II |
| |
Frank
B. Wyatt, II |
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Senior
Vice President, General Counsel and Secretary |