At a meeting held on August 28, 2007 (the Meeting), the Compensation Committee (the Committee) of the Board of Directors of Vignette Corporation (the Company) approved base salary and bonus changes for the Companys Chief Executive Officer, Michael A. Aviles, and the Companys Chief Financial Officer, T. Patrick Kelly.
The Committee approved an increase of $60,000 in the base salary of Mr. Aviles and an increase of $25,000 in the base salary of Mr. Kelly. In addition, the Committee approved increases in the annual bonus target for Mr. Aviles and Mr. Kelly of $120,000 and $75,000, respectively. These increases shall be effective as of July 1, 2007.
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.
| VIGNETTE CORPORATION | ||||
| Date: August 28, 2007 | By: | /s/ T. Patrick Kelly | ||
| T. Patrick Kelly | ||||
| Chief Financial Officer | ||||