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 11, 2009

 

 

TERADYNE, INC.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Massachusetts   001-06462   04-2272148

(State or Other Jurisdiction

of Incorporation)

   (Commission File Number)  

(IRS Employer

Identification No.)

 

600 Riverpark Drive, North Reading, MA   01864
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code (978) 370-2700

 

(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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Item 5.02(b)

Eileen Casal, currently the Company’s Vice President, General Counsel and Secretary and a named executive officer of the Company, is leaving the Company effective March 31, 2009 to pursue other career opportunities.

Under the terms of a Severance Agreement dated March 11, 2009, Ms. Casal will, for a period of one year from the separation date, continue to receive her current base salary of $277,742 and the Company will also continue to pay the Company’s portion of insurance premiums for Ms. Casal’s health, vision and dental insurance continuation coverage from the Company. The Severance Agreement binds Ms. Casal to a one-year noncompetition provision and she has also agreed to provide transition assistance to the Company throughout the one-year period, as well as ongoing assistance with any litigation matters.

Item 5.02(e)

See Item 5.02(b) above.

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 thereunto duly authorized.

 

  TERADYNE, INC.
Dated: March 11, 2009   By:  

/s/    Gregory R. Beecher

  Name:   Gregory R. Beecher
  Title:   V.P., Chief Financial Officer and Treasurer