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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K/A
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) August 3, 2009
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SPRINT NEXTEL CORPORATION
(Exact name of Registrant as specified in its charter)
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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)
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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))
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) Short-Term Incentive Compensation Plan
This current report on Form 8-K/A updates information provided on a Form 8-K,
dated January 26, 2009, 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
2009 Short-Term Incentive Plan for officers and other eligible employees of the
Company (the "2009 STI Plan").
On August 3, 2009, the Compensation Committee changed the following specified
performance metrics of the 2009 STI Plan for the second half of the year:
adjusted OIBDA (operating income before depreciation and amortization) is now
weighted at 30%; and post-paid net additions is now weighted at 40%. The
weightings of post-paid wireless churn and calls from subscribers to customer
care representatives remain at 20% and 10%, respectively.
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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: August 5, 2009 /s/ Timothy O'Grady
By: Timothy O'Grady
Assistant Secretary