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:
November 21, 2007
Maxim Integrated Products, Inc.
120 San Gabriel Drive
(Date of earliest event reported)
(Exact name of registrant as specified in its charter)
Sunnyvale, California 94086
(Address of principal executive offices including zip code)
(408) 737-7600
(Registrant's 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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o 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) On November 21, 2007, the Compensation Committee (the "Compensation Committee") of the Board of Directors of Maxim
Integrated Products, Inc. (the "Company") approved cash bonuses to the Company's Chief Executive Officer, Group Presidents and
Vice Presidents for meeting certain performance objectives during the fiscal year ended
June 30, 2007. The Compensation Committee determined the bonus amounts based upon the completion of individual, quarterly
goals established prior to each applicable quarter, creativity and vision and time commitment. Similar performance metrics were used
to review other employees of the Company who received bonus payments in September 2007. In addition, the Compensation
Committee considered the recommendations made by the Chief Executive Officer with respect to each individual's performance.
Accordingly, the Compensation Committee awarded the following bonuses, to be paid in the second fiscal quarter of fiscal 2008, to the
Company's principal executive officer and the named executive officers expected to be identified in the next proxy statement of the
Company:
Name of Executive Officer
Position
Amount of Performance Bonus Tunç Doluca Chief Executive Officer and President $825,000 Vijay Ullal Group President $680,644 Pirooz Parvenrendeh Group President $541,938 Rich Hood Vice President $398,159
for Fiscal Year 2007
The base salaries of the executive officers named in the table above were not changed.
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.
| Maxim Integrated Products, Inc. |
|
By: /s/ Bruce E. Kiddoo
Bruce E. Kiddoo Vice President of Finance |
Date: November 27, 2007