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
June 17, 2009
Date of earliest event reported
NetSuite Inc.
(Exact name of Registrant as specified in its charter)
Delaware | 001-33870 | 94-3310471 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) | (I.R.S. Employer Identification No.) |
2955 Campus Drive, Suite 100, San Mateo, California 94403-2511
(Address of Principal Executive Offices)
(650) 627-1000
Registrants Telephone Number, Including Area Code
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:
¨ | Written communication 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 communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On June 23, 2009, NetSuite Inc. (the Company) issued a press release announcing the appointment on June 17, 2009 of Ed Zander to its board of directors (the Board) as a Class III director effective immediately. Mr. Zander will serve as a member of the Companys Compensation Committee upon his appointment to the Board. Mr. Zander has also been appointed to replace Kevin Thompson as a member of the Companys Nominating and Governance Committee effective July 1, 2009. Mr. Thompson will remain a member of the Board and will continue to serve as a member and chairperson of the Companys Audit Committee and as a member of the Companys Compensation Committee.
Mr. Zander was the chairman of the board and chief executive officer of Motorola Inc., a global communications company, from January 2004 until January 2008. Mr. Zander serves on the board of directors of Netezza Corporation., a data warehouse appliance company, and Seagate Technology, a designer and manufacturer of hard disk drives. Mr. Zander received a BS from Rensselaer Polytechnic Institute and a masters degree in business administration as well as an honorary Ph.D. from Boston University.
As a new non-employee director, Mr. Zander received an option to purchase 30,000 shares of the Companys Common Stock on his first date of service as a director. A copy of the press release announcing Mr. Zanders appointment is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits |
Exhibit |
Description | |
99.1 | Press release of NetSuite Inc. issued June 23, 2009. |
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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.
Date: June 23, 2009
NETSUITE INC. | ||
By: | /s/ DOUGLAS P. SOLOMON | |
Douglas P. Solomon SVP, General Counsel and Secretary |
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