Exhibit 10.1
ENTRY INTO MATERIAL DEFINITIVE AGREEMENTS
On February 24, 2006, the Littelfuse, Inc. (the "Company") entered into a
material definitive agreement with Xxxxxxx X. Xxxxxx, Vice President,
Organizational Development and Total Quality Management of the Company. Xx.
Xxxxxx is retiring from the Company effective March 1, 2006, and the agreement
provides that Xx. Xxxxxx will provide consulting services to the Company through
December 31, 2006. In consideration of such consulting services, the Company has
agreed to extend the period during which Xx. Xxxxxx may exercise his outstanding
stock options.
Xx. Xxxxxx holds options on 57,000 shares of common stock, granted on
various dates between 200 and 2005 under the Company's 1993 Stock Plan for
Employees and Directors of Littelfuse, Inc. (the "Stock Plan") at exercise
prices of between $20.24 and $35.50 per share. Under the terms of the Stock
Plan, all of the options will vest upon Xx. Xxxxxx'x retirement, and in the
absence of the agreement the options would expire 90 days after his retirement.
Xx. Xxxxxx will not receive any other consideration for the consulting services.
SIGNATURE
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.
LITTELFUSE, INC.
Date: February 29, 2006 By: /s/ Xxxxxx X. Xxxxxxxx
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Xxxxxx X. Xxxxxxxx
Vice President, Operations
Support and Chief Financial Officer
