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): January 8, 2009
CAVIUM NETWORKS, INC.
(Exact name of registrant as specified in its charter)
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| DELAWARE |
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001-33435 |
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77-0558625 |
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(Commission |
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(I.R.S. Employer |
| incorporation or organization) |
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File Number) |
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Identification Number) |
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| 805 East Middlefield Road, Mountain View, California |
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94043 |
| (Address of Principal Executive Offices) |
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(Zip Code) |
(650) 623-7000
Registrant’s Telephone Number, Including Area Code
N/A
(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):
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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) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
TABLE OF CONTENTS
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
As part of Cavium Networks, Inc.’s (the “Company”) overall cost reduction efforts in response to
current economic conditions, on January 8, 2009, the Compensation Committee approved
management-recommended reductions in the base salaries of the Company’s President and Chief
Executive Officer, Chief Financial Officer, Vice President of IC Engineering, Vice President of
Marketing and Sales and Vice President of Strategic Markets & Business Development, effective
January 1, 2009. The salaries of the Company’s named executive officers will be reduced by 25%,
except for Syed B. Ali, the Company’s President and Chief Executive Officer, who recommended that
his salary be reduced by 50%.