Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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 20, 2012

 

 

AsiaInfo-Linkage, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-15713   752506390

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

4th Floor, Zhongdian Information Tower, 6 Zhongguancun South Street

Haidian District, Beijing 100086, China

(Address of principal executive offices)

+8610 8216 6688

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):

 

¨ 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 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 March 20, 2012, the Compensation Committee of the Board of Directors of AsiaInfo-Linkage, Inc. (the “Company”) approved payout amounts to the Company’s Chief Executive Officer (the “CEO”) under the Company’s Employee Incentive Program for fiscal year 2011 (the “2011 EIP”). Details on how payments were calculated under the 2011 EIP for the CEO are set forth in the Company’s definitive proxy statement related to the Annual Stockholders Meeting to be held on April 20, 2012, as filed with the Securities and Exchange Commission on February 28, 2012 (the “Proxy Statement”). As of the filing of the Proxy Statement, the payment amounts under the 2011 EIP were not determined and were omitted from the “Non-Equity Incentive Plan Compensation” column of the Summary Compensation Table beginning on page 25 of the Proxy Statement. An updated Summary Compensation Table reflecting the total non-equity incentive compensation earned by the CEO during fiscal year 2011 is set forth below. Non-equity incentive compensation earned by the other named executive officers is not yet available as of the date of this Report and will be included once it becomes available.

Summary Compensation Table

The following table sets forth information concerning the compensation earned for services rendered to us by each of our named executive officers for the fiscal years ended December 31, 2009, 2010 and 2011, respectively:

 

Name and Principal Position

   Year      Salary
($)(1)  (2)
     Stock Awards
($)(1)  (3)
     Option
Awards
($)(1)  (3)
     Non-Equity
Incentive Plan
Compensation
($)(1) (4)
     All Other
Compensation
($)(1) (5)
    Total ($)(1)  (6)  

Steve Zhang,
President and Chief Executive Officer

    

 

 

2011

2010

2009

  

  

  

    

 

 

341,222

267,933

203,156

  

  

  

    

 

 

—  

—  

3,242,250

  

  

  

    

 

 

6,547,500

—  

—  

  

  

  

    

 

 

322,914

908,706

596,783

 

  

  

    

 

 

156,168

149,238

88,589

  

  

(7)

   

 

 

7,367,804

1,325,877

4,130,778

  

  

  

Jun (Michael) Wu,
Executive Vice President and Chief Financial Officer
(8)

    

 

2011

2010

  

  

    

 

208,224

74,516

  

  

    

 

—  

1,031,500

  

  

    

 

960,300

—  

  

  

    

 

—  

82,854

  

  

    

 

51,391

48,192

  

(9)

   

 

1,219,915

1,237,062

  

  

Yadong Jin,
Executive Vice President, Chief Technology Officer and General Manager of Marketing

    

 

 

2011

2010

2009

  

  

  

    

 

 

111,095

105,176

101,261

  

  

  

    

 

 

—  

497,000

458,500

  

  

  

    

 

 

960,300

—  

—  

  

  

  

    

 

 

—  

198,283

113,186

  

  

  

    

 

 

19,792

17,197

11,307

  

  

  

   

 

 

1,091,187

817,656

684,254

  

  

  

Guoxiang Liu,
Executive Vice President
(10)

    

 

2011

2010

  

  

    

 

158,254

78,322

  

  

    

 

—  

—  

  

  

    

 

960,300

—  

  

  

    

 

—  

325,522

  

  

    

 

9,353

3,870

  

  

   

 

1,127,907

407,714

  

  

Feng Liu,
Vice President and General Manager of R&D of AsiaInfo-Linkage Technologies Division

    

 

 

2011

2010

2009

  

  

  

    

 

 

99,986

94,902

91,702

  

  

  

    

 

 

—  

—  

582,950

  

  

  

    

 

 

611,100

—  

—  

  

  

  

    

 

 

—  

156,542

99,050

  

  

  

    

 

 

10,937

9,962

8,975

  

  

  

   

 

 

722,023

261,406

782,677

  

  

  

 

(1) 

All cash compensation payments are RMB denominated and have been converted to the U.S. dollar at the exchange rate of US$1.00=RMB6.8259 for 2009, US$1.00=RMB6.6000 for 2010 and US$1.00=RMB6.3009 for 2011, the exchange rates quoted by the Federal Reserve Bank of New York as of the last working day of 2009 and 2010 and as quoted by the Bank of China as of December 30, 2011, respectively. Any year-to-year increases in compensation may be fully or partially attributed to the appreciation of the RMB against the U.S. dollar.

(2) 

Represents the dollar value of base salary earned during the fiscal years covered.

(3) 

Represents the dollar amounts of the aggregate grant date fair value computed in accordance with ASC Topic 718. See the notes to our financial statements contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2011 for a discussion of all assumptions made by us in determining the ASC Topic 718 values of our equity awards.


(4) 

Represents the dollar value of all earnings for services performed during 2009 and 2010 pursuant to awards under non-equity incentive plans, which are based on certain performance criteria. We expect the non-equity incentive plan compensation earned in 2011 to be calculated in March 2012 and paid in April 2012.

(5) 

Includes our contributions for social welfare, Pension Plan, life insurance, health insurance benefits, housing allowance, home visit allowance, children’s education expenses and meal allowances, perquisites and other personal benefits.

(6) 

Represents the sum of all compensation reflected in the preceding columns.

(7) 

Includes $50,979 for housing allowance and $56,976 for children’s education expenses.

(8) 

Mr. Jun (Michael) Wu has served as our Executive Vice President and CFO since August 2010.

(9) 

Includes $15,871 for housing allowance and $12,697 for children’s education expenses.

(10) 

Mr. Guoxiang Liu has served as our Executive Vice President since July 2010.


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.

 

    AsiaInfo-Linkage, Inc.
Date: March 21, 2012      

/s/    Jun Wu        

    Name:   Jun Wu
    Title:   Executive Vice President and Chief Financial Officer