Nokia filed a form 20-F on March 11 with the SEC that confirms that they have not finalized the deal with Microsoft. Microsoft and Nokia have “entered into a nonbinding term sheet? (while) the planned partnership with Microsoft remains subject to negotiation and execution of definitive agreements by the parties.”
Nokia smartphones will be running Windows Phone operating systems in “about two years.” Microsoft will build a market suite of productivity applications for Nokia smartphones as part of the deal. Nokia CEO Stephen Elop was paid a salary of 280,303 euro with a bonus of 440,137 euro, including stock options and awards. Elop made 6.6 million euro ($9.17 million) as a one-time payment for lost income for leaving Microsoft.