Sprint Corp – ‘8-K’ for 12/22/09

On:  Wednesday, 12/23/09, at 2:07pm ET   ·   For:  12/22/09   ·   Accession #:  101830-9-20   ·   File #:  1-04721

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Amendment to Employment Agreement - Brust              4     14K 
 2: EX-10       First Amend. to Brust Employ Agree                     4     14K 

8-K   —   Amendment to Employment Agreement – Brust
Document Table of Contents

8-K
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 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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FORM 8-K

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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) December 22, 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) On December 22, 2009,  Sprint Nextel  Corporation (the "Company") and Robert
H. Brust,  Chief Financial Officer of the Company,  entered into an amendment to
Mr. Brust's employment  agreement.  The amendment is designed to provide certain
benefits up to an additional  year  following  the initial  two-year term of Mr.
Brust's agreement while the Company hires and transitions  responsibilities to a
new chief financial officer. The amendment provides for:                        

o    contingent on Mr. Brust's  continued  employment on the dates, a cash bonus
     of $50,000 as soon as  reasonably  practicable  after the first day of each
month beginning on May 1, 2010 and ending on April 1, 2011;           

o    contingent  on his  continued  employment  as of  such  time,  a long  term
     incentive award target  opportunity of $3 million to be granted at the same
     time as long term  incentive  award grants are made to the Company's  other
     senior  executives,  allocated  equally  in  value  in  stock  options  and
     restricted  stock  units all of which will vest on May 1, 2012,  subject to
     compliance  with  non-compete  and  non-solicitation   covenants  that  are
     extended as of the effective date of such grants to 24 months following Mr.
Brust's termination;                                                  

o    the  imposition of a six month  maximum on Mr.  Brust's  severance  payment
period; and                                                           

o    due to the change in severance  payment  period,  contingent on Mr. Brust's
     being employed by the Company as of May 1, 2010,  vesting on May 1, 2011 of
 the unvested portion of his Sign-On Option Award and Sign-On RSU Award.

The Agreement is filed as Exhibit 10.1 to this Form 8-K and is incorporated by  
reference herein.                                                               

Item 9.01 Financial Statements and Exhibits.                                    
(d) Exhibits                                                                  

The following exhibits are filed with this report:                              

Exhibit No.                Description                                          

10.1                       First Amendment to Amended and Restated Employment   
                     Agreement, effective December 22, 2009, between
                   Robert H. Brust and Sprint Nextel Corporation

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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: December 23, 2009                    /s/ Timothy P. O'Grady               
                               By:    Timothy P. O'Grady
                                       Assistant Secretary

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 EXHIBIT INDEX

Number            Exhibit                                                       

10.1                       First Amendment to Amended and Restated Employment   
                     Agreement, effective December 22, 2009, between
                   Robert H. Brust and Sprint Nextel Corporation

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
		5/1/12		2					4
		5/1/11		2
		4/1/11		2
		5/1/10		2					4
Filed on:		12/23/09		3
For Period End:		12/22/09		1		4			SC 13D/A
									List all Filings