k2010lti.htm
 
 

 


 
UNITED STATES
 
 
SECURITIES AND EXCHANGE COMMISSION
 
 
Washington, D.C. 20549
 
 
FORM 8-K/A
 
 
CURRENT REPORT
 
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
 
Date of Report (Date of earliest event reported) February 23, 2011
 
 
SPRINT NEXTEL CORPORATION
 
 
(Exact name of Registrant as specified in its charter)
 
         
Kansas
 
1-04721
 
48-0457967
(State of Incorporation)
 
(Commission File Number)
 
(I.R.S. Employer
Identification No.)
 

 
     
6200 Sprint Parkway, Overland Park, Kansas
 
66251
(Address of principal executive offices)
 
(Zip Code)
 
Registrant’s telephone number, including area code (800) 829-0965
 
 
(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 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.
 
 
(e) Long-Term Incentive Compensation Plan
 
                    This current  report on Form 8-K/A updates  information  provided on a Form 8-K, dated  March 22, 2010, in which Sprint  Nextel  Corporation  (the  “Company”) reported  that the  Compensation  Committee  of the  Board of  Directors  of the Company established the performance  objectives and other terms of the Company's 2010 Long-Term  Incentive Plan for officers and other eligible employees of the Company (the “2010 LTI Plan”). For 2010, the Compensation Committee established the performance objectives as free cash flow and net service revenue, weighted equally, however, it retained the ability to change the objective for the second and third annual performance periods.
 
 
                    On February 23, 2011, the Compensation Committee established the 2011 objectives as free cash flow and net service revenue, weighted equally.
 
 
 

 
 
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.
 
         
   
SPRINT NEXTEL CORPORATION
     
     
     
Date: February 25, 2011
     
/s/ Timothy O’Grady
   
By:
 
Timothy O’Grady
       
Assistant Secretary