Unassociated Document
 
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) February 4, 2011
 
ALIGN TECHNOLOGY, INC.
(Exact Name of Registrant as Specified in Its Charter)
 
Delaware
(State or Other Jurisdiction of Incorporation)
 
0-32259 94-3267295
(Commission File Number) (IRS Employer Identification No.)
 
2560 Orchard Parkway, San Jose, California   95131
(Address of Principal Executive Offices)   (Zip Code)
 
(408) 470-1000
(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 (see General Instruction A.2. below):

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 January 31, 2011, the Compensation Committee of the Board of Directors of the Company  (the “Compensation Committee”) authorized the payment of the annual incentive awards (cash bonuses) to the Company’s executive officers.  On February 1, 2011, the Board of Directors approved the recommendation of the Compensation Committee with respect to the payment of an annual incentive award to the Company’s chief executive officer. The table below sets forth the annual incentive awards for the Company’s current named executive officers.

Name
  
Annual
Incentive Award
  
Thomas M. Prescott,
President, Chief Executive Officer and Director
   $ 800,000  
Kenneth B. Arola,
Vice President, Finance and Chief Financial Officer
   $ 233,816  
 Len M. Hedge
Senior Vice President, Business Operations
   $ 327,445  
Sheila Tan
Vice President, Marketing & Chief Marketing Officer
   $ 226,673  

 
In addition, an increase to the annual base salaries (effective as of January 1, 2011) of the Company’s executive officers was also approved. The table below sets forth the annual base salary levels for 2011 for the Company’s current named executive officers:
 
Name
  
2011 Base Salary
  
Thomas M. Prescott,
President, Chief Executive Officer and Director
   $ 575,000  
Kenneth B. Arola,
Vice President, Finance and Chief Financial Officer
   $ 326,970  
 Len M. Hedge
Senior Vice President, Business Operations
   $ 360,180  
Sheila Tan
Vice President, Marketing & Chief Marketing Officer
   $ 306,189  
 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Dated:  February 4, 2011 ALIGN TECHNOLOGY, INC.  
     
       
 
By:
/s/ Roger E. George  
   
Roger E. George
  
   
Vice President, Legal & Corporate Affairs, General Counsel and Corporate Secretary