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): March 28, 2012
UBIQUITI NETWORKS, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 001-35300 | 32-0097377 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
91 E. Tasman Drive
San Jose, California 95134
(Address of principal executive offices, including zip code)
(408) 942-3085
(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
Separation and Release Agreement with Former Chief Counsel and Assistant Secretary
(e) On March 28, 2012, Ubiquiti Networks, Inc. (the “Company”) entered into a separation and release agreement with Mr. Steve Hanley, the Company’s former Chief Counsel and Assistant Secretary. Under the agreement, the Company agreed to pay Mr. Hanley a lump sum equivalent to $75,000, less applicable withholding, and continued benefits through March 31, 2012. Mr. Hanley agreed to a general release of claims against the Company.
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.
| UBIQUITI NETWORKS, INC. | ||||||||
| Date: March 28, 2012 | By: | /s/ John Ritchie | ||||||
| Name: | John Ritchie | |||||||
| Title: | Chief Financial Officer | |||||||