UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): March 1, 2006
AVID TECHNOLOGY, INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware 0-21174 04-2977748
(State or Other Jurisdiction (Commission File (I.R.S. Employer
of Incorporation or Organization) Number) Identification No.)
Avid Technology Park, One Park West, Tewksbury, MA 01876
(Address of Principal Executive Offices) (zip code)
Registrant's telephone number, including area code: (978) 640-6789
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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 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement
2005 Stock Incentive Plan - Form Agreements
On March 1, 2006, the Compensation Committee of the Board of Directors (the
"Compensation Committee") of Avid Technology, Inc. (the "Company") adopted a
form agreement, the Restricted Stock Unit Award Terms and Conditions, to be used
for the award of restricted stock units under the Company's 2005 Stock Incentive
Plan. In addition, the Compensation Committee adopted a revised form of
Restricted Stock Award Terms and Conditions to be used for the award of
restricted stock under the Company's 2005 Stock Incentive Plan.
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SIGNATURE
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.
Date: March 1, 2006 AVID TECHNOLOGY, INC.
(Registrant)
By: /s/ Carol E. Kazmer
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Carol E. Kazmer
Vice President and General Counsel
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EXHIBIT INDEX
Exhibit Description
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*#10.01 Form of Restricted Stock Unit Award Terms and Conditions
*#10.02 Form of Restricted Stock Award Terms and Conditions
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* Documents filed herewith
# Management contract or compensatory plan
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