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 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant
to Section&nbsp;13 or 15(d) </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>November&nbsp;30, 2013 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>POLYCOM, INC.
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B>State of Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>000-27978</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>94-3128324</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or Other Jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of Incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>6001 America Center Drive</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>San Jose, California</B></P></TD>
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<TD VALIGN="bottom" ALIGN="center"><B>95002</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"><B>(Address of principal executive offices)</B></TD>
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<TD VALIGN="top" ALIGN="center"><B>(Zip Code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(408) 586-6000 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>N/A </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former name or
former address, if changed since last report) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Appointment of New Chief Executive Officer </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On December&nbsp;3, 2013, Polycom announced that its Board of Directors (the &#147;Board&#148;) had appointed Peter Leav as President and Chief Executive
Officer of Polycom, effective December&nbsp;2, 2013. The Board also appointed Mr.&nbsp;Leav to serve as a director of the Company, effective December&nbsp;2, 2013. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Leav, 42, served as Executive Vice President and President, Industry and Field Operations of NCR Corporation, a global technology company, from June
2012 to November 2013. Mr.&nbsp;Leav served as Executive Vice President, Global Sales, Professional Services and Consumables of NCR from November 2011 to June 2012, and as Senior Vice President, Worldwide Sales of NCR from January 2009 to October
2011. Prior to joining NCR, he served as Corporate Vice President and General Manager of Motorola, Inc., a provider of mobility products and solutions across broadband and wireless networks, from November 2008 to January 2009, and as Vice President
and General Manager for Motorola from December 2007 to November 2008. Prior to this position, Mr.&nbsp;Leav was Vice President of Sales for Motorola from December 2006 to December 2007. From November 2004 to December 2006, Mr.&nbsp;Leav was Director
of Sales for Symbol Technologies, Inc., an information technology company. Prior to this position, Mr.&nbsp;Leav was Regional Sales Manager at Cisco Systems, Inc., a manufacturer of communications and information technology networking products, from
July 2000 to November 2004. Mr.&nbsp;Leav is a graduate of Lehigh University. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to an employment offer letter, Mr.&nbsp;Leav will receive the
following: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
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<TD ALIGN="left" VALIGN="top">A base salary of $700,000 per year; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">A signing bonus of $2,000,000 (subject to a claw back as to the full amount during the first year of his employment and as to <FONT STYLE="white-space:nowrap">one-half</FONT> of the amount during the second year of his
employment, under certain conditions); </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Participation in Polycom&#146;s management bonus plan at a target bonus opportunity of 125% of annual base salary beginning in&nbsp;2014; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">An equity award of 350,000 restricted stock units, 50% of which shall vest on the one year anniversary of Mr.&nbsp;Leav&#146;s start date and 25% of which shall vest on each of the two and three year anniversaries of
Mr.&nbsp;Leav&#146;s start date (subject to continued employment); </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">An equity award of 350,000 target performance shares, with the maximum payout opportunity under such award being one hundred fifty percent (150%)&nbsp;of the target number of shares subject thereto and performance goals
and continued employment requirements as determined by the Board of Directors in its sole discretion; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
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<TD ALIGN="left" VALIGN="top">Eligibility to receive severance benefits as a participant in the Company&#146;s Executive Severance Plan (the &#147;Severance Plan&#148;); </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
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<TD ALIGN="left" VALIGN="top">Eligibility to receive severance benefits in connection with a change of control of Polycom pursuant to the Company&#146;s executive Change of Control Severance Agreement (the &#147;COC Severance Agreement&#148;);
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Relocation benefits (subject to a claw back as to the full amount of the benefits during the first year of employment under certain conditions); and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Eligibility to participate in Polycom&#146;s benefit programs available to Polycom executive officers. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Under
the Severance Plan, if other than during the <FONT STYLE="white-space:nowrap">12-month</FONT> period following Polycom&#146;s change of control (as defined in the Severance Plan) but while Mr.&nbsp;Leav is Polycom&#146;s Chief Executive Officer, his
employment is terminated by Polycom without cause (as defined in the Severance Plan) and other than due to death or disability (as defined in the Severance Plan) or if Mr.&nbsp;Leav resigns for good reason (as defined in his employment offer
letter), then Mr.&nbsp;Leav will be entitled to a lump sum cash payment equal to the sum of 18&nbsp;months of his base salary, 1.5 times his target bonus and the cost of premiums for 18&nbsp;months of continued medical coverage, and accelerated
vesting of his then-outstanding time-based equity awards to the extent the awards otherwise would have vested had he remained employed with Polycom for an additional 18&nbsp;months. The severance benefits under the Severance Plan are subject to
Mr.&nbsp;Leav agreeing to a release of claims in favor of Polycom, <FONT STYLE="white-space:nowrap">non-solicitation,</FONT> nondisparagement, and other conditions set forth in the Severance Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Under the COC Severance Agreement, if during the <FONT STYLE="white-space:nowrap">12-month</FONT> period following Polycom&#146;s change of control (as
defined in the Severance Agreement), Mr.&nbsp;Leav&#146;s employment is terminated due to his death or disability (as defined in the Severance Agreement), or by Polycom other than for cause (as defined in the Severance Agreement) or Mr.&nbsp;Leav
resigns for good reason (as defined in the Severance Agreement), then Mr.&nbsp;Leav will be entitled to a lump sum cash payment equal to the sum of 2&nbsp;times his base salary, 2&nbsp;times his target bonus and the cost of premiums for
24&nbsp;months of continued medical coverage, and full accelerated vesting of his then-outstanding equity awards, with any performance goals considered achieved at the target levels. The severance benefits under the Severance Agreement are subject
to Mr.&nbsp;Leav agreeing to a release of claims in favor of Polycom and other conditions set forth in the Severance Agreement. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The employment offer letter also provides for a <FONT STYLE="white-space:nowrap">non-solicitation</FONT> in favor
of Polycom for a <FONT STYLE="white-space:nowrap">12-month</FONT> period following Mr.&nbsp;Leav&#146;s employment termination and nondisparagement obligations in favor of Polycom. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There are no family relationships between Mr.&nbsp;Leav and any director or executive officer of Polycom. Mr.&nbsp;Leav is not a party to any transaction, or
series of transactions, required to be disclosed pursuant to Item&nbsp;404(a) of Regulation S-K. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The summary of the terms of Mr.&nbsp;Leav&#146;s
employment offer letter is qualified in its entirety by reference to the full text of the offer letter, a copy of which is filed as Exhibit 10.1 and incorporated herein by reference. A copy of the press release relating to this announcement is
attached hereto as Exhibit 99.1. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Resignation of Interim Chief Executive Officer </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On December&nbsp;3, 2013, Polycom also announced that Kevin Parker resigned his position as Interim Chief Executive Officer of Polycom, effective
December&nbsp;2, 2013. Mr.&nbsp;Parker will continue to serve as Chairman of the Board of Polycom. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On November&nbsp;30, 2013, the Board approved the
following compensation arrangements for Mr.&nbsp;Parker: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">a bonus of $155,877 for his Interim CEO service, to be paid in December 2013; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">an additional director retainer of $10,000 per month (in addition to the standard Board and Chairman compensation) for the period December 2013 through May 2014 in recognition of the additional services that
Mr.&nbsp;Parker will be providing in furtherance of a successful transition of the CEO position and executive leadership of the Company to Mr.&nbsp;Leav; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the vesting (as of the date of his employment termination) of a total of 10,967 shares of Polycom&#146;s common stock (&#147;Shares&#148;) covered by Mr.&nbsp;Parker&#146;s RSU award for 98,700&nbsp;Shares dated
July&nbsp;23,&nbsp;2013, with the remaining 87,733&nbsp;Shares subject thereto and all 98,700&nbsp;Shares under his performance share award dated July&nbsp;23, 2013, being forfeited as of the date of employment termination and never vesting.
</TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On November&nbsp;30, 2013, the Board approved an amendment to Section&nbsp;3.2 of Polycom&#146;s Bylaws to increase the size of the Board from seven
(7)&nbsp;to eight (8)&nbsp;members, effective December&nbsp;2, 2013. A copy of the Amended and Restated Bylaws of Polycom is filed as Exhibit 3.1 and is incorporated herein by reference. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;8.01 Other Events. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On December&nbsp;3, 2013,
Peter Leav issued a Letter to Shareholders, a copy of which is attached hereto as Exhibit 99.2. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;9.01. Financial Statements and Exhibits
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>(d) Exhibits </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="94%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;3.1</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Amended and Restated Bylaws of Polycom, Inc.</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Offer Letter with Peter Leav, dated November 20, 2013</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Press Release, dated December 3, 2013, entitled &#147;Peter A. Leav Named President and CEO of Polycom&#148;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.2</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Letter to Shareholders, dated December 3, 2013</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


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<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>POLYCOM, INC.</B></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Sayed M. Darwish</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">Sayed M. Darwish</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>Chief Legal Officer, Executive Vice President of Corporate Development and Secretary</I></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: December&nbsp;3, 2013 </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT INDEX </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; width:25.30pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>No.</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:39.50pt; font-size:8pt; font-family:Times New Roman"><B>Description</B></P></TD></TR>


<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;3.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Amended and Restated Bylaws of Polycom, Inc.</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Offer Letter with Peter Leav, dated November&nbsp;20, 2013</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press Release, dated December&nbsp;3, 2013, entitled &#147;Peter A. Leav Named President and CEO of Polycom&#148;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Letter to Shareholders, dated December&nbsp;3, 2013</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>

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{"company-data": {"conformed-name": "POLYCOM INC", "cik": "0001010552", "assigned-sic": "3661", "irs-number": "943128324", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-27978", "film-number": "131253250"}, "business-address": {"street1": "6001 AMERICA CENTER DR.", "city": "SAN JOSE", "state": "CA", "zip": "95002", "phone": "408-586-6000"}, "mail-address": {"street1": "6001 AMERICA CENTER DR.", "city": "SAN JOSE", "state": "CA", "zip": "95002"}}
8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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)
November 30, 2013
POLYCOM, INC.
(Exact name of registrant as specified in its charter)
State of Delaware
000-27978
94-3128324
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
6001 America Center Drive
San Jose, California
95002
(Address of principal executive offices)
(Zip Code)
(408) 586-6000
Registrant's telephone number, including area code
N/A
(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:
¨
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))
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
Appointment of New Chief Executive Officer
On December 3, 2013, Polycom announced that its Board of Directors (the "Board") had appointed Peter Leav as President and Chief Executive
Officer of Polycom, effective December 2, 2013. The Board also appointed Mr. Leav to serve as a director of the Company, effective December 2, 2013.
Mr. Leav, 42, served as Executive Vice President and President, Industry and Field Operations of NCR Corporation, a global technology company, from June
2012 to November 2013. Mr. Leav served as Executive Vice President, Global Sales, Professional Services and Consumables of NCR from November 2011 to June 2012, and as Senior Vice President, Worldwide Sales of NCR from January 2009 to October
2011. Prior to joining NCR, he served as Corporate Vice President and General Manager of Motorola, Inc., a provider of mobility products and solutions across broadband and wireless networks, from November 2008 to January 2009, and as Vice President
and General Manager for Motorola from December 2007 to November 2008. Prior to this position, Mr. Leav was Vice President of Sales for Motorola from December 2006 to December 2007. From November 2004 to December 2006, Mr. Leav was Director
of Sales for Symbol Technologies, Inc., an information technology company. Prior to this position, Mr. Leav was Regional Sales Manager at Cisco Systems, Inc., a manufacturer of communications and information technology networking products, from
July 2000 to November 2004. Mr. Leav is a graduate of Lehigh University.
Pursuant to an employment offer letter, Mr. Leav will receive the
following:
•
A base salary of $700,000 per year;
•
A signing bonus of $2,000,000 (subject to a claw back as to the full amount during the first year of his employment and as to
one-half
of the amount during the second year of his
employment, under certain conditions);
•
Participation in Polycom's management bonus plan at a target bonus opportunity of 125% of annual base salary beginning in 2014;
•
An equity award of 350,000 restricted stock units, 50% of which shall vest on the one year anniversary of Mr. Leav's start date and 25% of which shall vest on each of the two and three year anniversaries of
Mr. Leav's start date (subject to continued employment);
•
An equity award of 350,000 target performance shares, with the maximum payout opportunity under such award being one hundred fifty percent (150%) of the target number of shares subject thereto and performance goals
and continued employment requirements as determined by the Board of Directors in its sole discretion;
•
Eligibility to receive severance benefits as a participant in the Company's Executive Severance Plan (the "Severance Plan");
•
Eligibility to receive severance benefits in connection with a change of control of Polycom pursuant to the Company's executive Change of Control Severance Agreement (the "COC Severance Agreement");
•
Relocation benefits (subject to a claw back as to the full amount of the benefits during the first year of employment under certain conditions); and
•
Eligibility to participate in Polycom's benefit programs available to Polycom executive officers.
Under
the Severance Plan, if other than during the
12-month
period following Polycom's change of control (as defined in the Severance Plan) but while Mr. Leav is Polycom's Chief Executive Officer, his
employment is terminated by Polycom without cause (as defined in the Severance Plan) and other than due to death or disability (as defined in the Severance Plan) or if Mr. Leav resigns for good reason (as defined in his employment offer
letter), then Mr. Leav will be entitled to a lump sum cash payment equal to the sum of 18 months of his base salary, 1.5 times his target bonus and the cost of premiums for 18 months of continued medical coverage, and accelerated
vesting of his then-outstanding time-based equity awards to the extent the awards otherwise would have vested had he remained employed with Polycom for an additional 18 months. The severance benefits under the Severance Plan are subject to
Mr. Leav agreeing to a release of claims in favor of Polycom,
non-solicitation,
nondisparagement, and other conditions set forth in the Severance Plan.
Under the COC Severance Agreement, if during the
12-month
period following Polycom's change of control (as
defined in the Severance Agreement), Mr. Leav's employment is terminated due to his death or disability (as defined in the Severance Agreement), or by Polycom other than for cause (as defined in the Severance Agreement) or Mr. Leav
resigns for good reason (as defined in the Severance Agreement), then Mr. Leav will be entitled to a lump sum cash payment equal to the sum of 2 times his base salary, 2 times his target bonus and the cost of premiums for
24 months of continued medical coverage, and full accelerated vesting of his then-outstanding equity awards, with any performance goals considered achieved at the target levels. The severance benefits under the Severance Agreement are subject
to Mr. Leav agreeing to a release of claims in favor of Polycom and other conditions set forth in the Severance Agreement.
The employment offer letter also provides for a
non-solicitation
in favor
of Polycom for a
12-month
period following Mr. Leav's employment termination and nondisparagement obligations in favor of Polycom.
There are no family relationships between Mr. Leav and any director or executive officer of Polycom. Mr. Leav is not a party to any transaction, or
series of transactions, required to be disclosed pursuant to Item 404(a) of Regulation S-K.
The summary of the terms of Mr. Leav's
employment offer letter is qualified in its entirety by reference to the full text of the offer letter, a copy of which is filed as Exhibit 10.1 and incorporated herein by reference. A copy of the press release relating to this announcement is
attached hereto as Exhibit 99.1.
Resignation of Interim Chief Executive Officer
On December 3, 2013, Polycom also announced that Kevin Parker resigned his position as Interim Chief Executive Officer of Polycom, effective
December 2, 2013. Mr. Parker will continue to serve as Chairman of the Board of Polycom.
On November 30, 2013, the Board approved the
following compensation arrangements for Mr. Parker:
•
a bonus of $155,877 for his Interim CEO service, to be paid in December 2013;
•
an additional director retainer of $10,000 per month (in addition to the standard Board and Chairman compensation) for the period December 2013 through May 2014 in recognition of the additional services that
Mr. Parker will be providing in furtherance of a successful transition of the CEO position and executive leadership of the Company to Mr. Leav; and
•
the vesting (as of the date of his employment termination) of a total of 10,967 shares of Polycom's common stock ("Shares") covered by Mr. Parker's RSU award for 98,700 Shares dated
July 23, 2013, with the remaining 87,733 Shares subject thereto and all 98,700 Shares under his performance share award dated July 23, 2013, being forfeited as of the date of employment termination and never vesting.
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On November 30, 2013, the Board approved an amendment to Section 3.2 of Polycom's Bylaws to increase the size of the Board from seven
(7) to eight (8) members, effective December 2, 2013. A copy of the Amended and Restated Bylaws of Polycom is filed as Exhibit 3.1 and is incorporated herein by reference.
Item 8.01 Other Events.
On December 3, 2013,
Peter Leav issued a Letter to Shareholders, a copy of which is attached hereto as Exhibit 99.2.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
3.1
Amended and Restated Bylaws of Polycom, Inc.
10.1
Offer Letter with Peter Leav, dated November 20, 2013
99.1
Press Release, dated December 3, 2013, entitled "Peter A. Leav Named President and CEO of Polycom"
99.2
Letter to Shareholders, dated December 3, 2013
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.
POLYCOM, INC.
By:
/s/ Sayed M. Darwish
Sayed M. Darwish
Chief Legal Officer, Executive Vice President of Corporate Development and Secretary
Date: December 3, 2013
EXHIBIT INDEX
Exhibit
No.
Description
3.1
Amended and Restated Bylaws of Polycom, Inc.
10.1
Offer Letter with Peter Leav, dated November 20, 2013
99.1
Press Release, dated December 3, 2013, entitled "Peter A. Leav Named President and CEO of Polycom"
99.2
Letter to Shareholders, dated December 3, 2013
5