Attached files
| file | filename |
|---|---|
| EX-99.1 - PRESS RELEASE - DSP GROUP INC /DE/ | dex991.htm |
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): December 1, 2010
DSP GROUP, INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction
of Incorporation)
| 0-23006 | 94-2683643 | |
| (Commission File Number) |
(I.R.S. Employer Identification No.) | |
| 2580 North First Street, Suite 460 San Jose, CA |
95131 | |
| (Address of Principal Executive Offices) | (Zip Code) | |
408/986-4300
(Registrant’s Telephone Number, Including Area Code)
With a copy to:
Bruce Alan Mann, Esq.
Morrison & Foerster LLP
425 Market Street
San Francisco, CA 94105
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 (see General Instruction A.2. below):
| ¨ | 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
On December 1, 2010, Eliyahu Ayalon, Executive Chairman of the Board of Directors of DSP Group, Inc. (the “Company”) delivered a notice to the Board of Directors and the Company announcing his intent to resign as Executive Chairman and an executive officer of the Company, effective as of May 31, 2011. Mr. Ayalon will continue as a non-executive director and Chairman of the Board. In accordance with Mr. Ayalon’s employment agreement with DSP Semiconductors Ltd., the wholly-owned subsidiary of the Company, dated April 26, 1996, Mr. Ayalon provided the six months notice of termination.
A copy of the press release, dated December 3, 2010, announcing Mr. Ayalon’s intent to resign is attached and filed herewith as Exhibit 99.1.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
d. Exhibits
| Exhibit No. |
Description | |
| 99.1 |
Press Release of DSP Group, Inc., dated December 3, 2010. | |
2
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.
| DSP GROUP, INC. | ||||||||
| Date: | December 3, 2010 | By: | /s/ Dror Levy | |||||
| Dror Levy | ||||||||
| Chief Financial Officer and Secretary | ||||||||
3