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
11, 2009
_________________________
LSI
CORPORATION
(Exact
name of registrant as specified in its charter)
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DELAWARE
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1-10317
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94-2712976
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification
No.)
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1621
Barber Lane
Milpitas,
California 95035
(Address
of principal executive offices, including zip code)
(408)
433-8000
(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):
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[ ]
Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
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[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
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Changes
to Board of Directors
On February 11, 2009, the Board of
Directors elected Michael G. Strachan to the Board. Mr. Strachan is a retired
partner of accounting firm Ernst & Young LLP.
Upon his election to the Board, Mr.
Strachan received an option to purchase 30,000 shares of our common stock under
our 2003 Equity Incentive Plan. The option has a seven-year term, becomes
exercisable in four equal annual installments and has an exercise price per
share equal to the closing price of a share of our common stock on the date of
grant.
On February 11, 2009, Michael J.
Mancuso advised us that he would not stand for re-election as a director of the
company at our 2009 annual meeting of stockholders.
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Item
9.01
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Financial
Statements and Exhibits
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(d)
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Exhibits.
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Exhibit
No.
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Description
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10.1
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2003
Equity Incentive Plan Form of Nonqualified Stock Option Agreement for
Employees.
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10.2
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2003
Equity Incentive Plan Form of Notice of Grant of Stock
Option.
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10.3
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2003
Equity Incentive Plan Form of Restricted Stock Unit
Agreement.
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10.4
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2003
Equity Incentive Plan Form of Notice of Grant of Restricted Stock
Units.
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10.5
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2003
Equity Incentive Plan Form of Nonqualified Stock Option Agreement for
Non-Employee
Directors
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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.
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LSI
CORPORATION
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/s/
Bryon Look
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Bryon
Look
Executive
Vice President and Chief Financial
Officer
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Date: February
13, 2009
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