Attached files
file | filename |
---|---|
EX-4.1 - EXHIBIT 4.1 - TRANSWITCH CORP /DE | v346509_ex4-1.htm |
EX-3.1 - EXHIBIT 3.1 - TRANSWITCH CORP /DE | v346509_ex3-1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): May 23, 2013
TRANSWITCH CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE | 0-25996 | 06-1236189 |
(State or other jurisdiction of | (Commission | (I.R.S. Employer |
incorporation) | File Number) | Identification No.) |
Three Enterprise Drive Shelton, Connecticut 06484 |
(Address of principal executive offices) (Zip Code) |
Registrant's telephone number, including area code: (203) 929-8810
Not Applicable
(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 (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 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal year
On May 28, 2013, TranSwitch Corporation (the “Company”) filed a Certificate of Amendment of Amended and Restated Certificate of Incorporation (the “Amendment”) with the Delaware Secretary of State to amend the Company’s Amended and Restated Certificate of Incorporation, as amended. The Amendment increases the total number of shares of all classes of capital stock which the Company shall have authority to issue to 97,625,000 shares, consisting of 97,500,000 shares of Common Stock, $.001 par value per share (the “Common Stock”), and 125,000 shares of Preferred Stock, $.01 par value per share. The Amendment was approved by the stockholders of the Company, as discussed below in Item 5.07, on May 23, 2013. The Amendment is attached hereto as Exhibit 3.1 and is incorporated herein by reference.
Item 5.07. Submission of Matters to a Vote of Security Holders.
On May 23, 2013, the Company held its 2013 Annual Meeting of Shareholders (the “Annual Meeting”). At the Annual Meeting, the stockholders elected all seven director nominees and approved proposals to (i) ratify the appointment of Marcum LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2013; (ii) approve an amendment to the Company’s Amended and Restated Certificate of Incorporation, as amended, to increase the number of authorized shares of Common Stock; (iii) approve an amendment to the Company’s Amended and Restated Certificate of Incorporation, as amended, that will allow the Company’s Board of Directors to effect a Reverse Split (the “Reverse Split”) of the Company’s Common Stock, and grant to the Company’s Board of Directors the authority, in its sole discretion, (a) to set the ratio for the Reverse Split within the range of one-for-two up to one-for-twenty, or (b) to not complete the Reverse Split; (iv) approve an amendment to the TranSwitch Corporation 2005 Employee Stock Purchase Plan to increase by 100,000 the number of shares of Common Stock available for purchase thereunder; and (v) approve, on an advisory basis, the compensation of the Company’s named executive officers as disclosed in accordance with the rules of the Securities and Exchange Commission.
Set forth below are the final voting results for each proposal submitted to a vote of the stockholders at the Annual Meeting. A more detailed description of the following proposals is available in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 22, 2013.
1. | Election of Directors | For | Against | Abstain |
Broker Non-Votes
|
Mr. Faraj Aalaei | 9,146,867 | 3,730,970 | 344,895 | 16,701,758 | |
Mr. Thomas Baer | 9,198,029 | 3,016,058 | 1,008,645 | 16,701,758 | |
Mr. Herbert Chen | 9,103,582 | 3,100,432 | 1,018,718 | 16,701,758 | |
Dr. M. Ali Khatibzadeh | 9,974,607 | 2,930,224 | 317,901 | 16,701,758 | |
Mr. Richard Lynch | 10,520,938 | 2,344,767 | 357,027 | 16,701,758 | |
Mr. Gerald Montry | 10,141,267 | 2,736,769 | 344,696 | 16,701,758 | |
Mr. Sam Srinivasan | 10,265,243 | 2,601,909 | 355,580 | 16,701,758 | |
2. | Ratification of Appointment of Independent Registered Public Accounting Firm | 27,648,128 | 522,213 | 1,754,149 | n/a |
3. | Amendment to the Certificate of Incorporation to increase authorized shares | 24,451,452 | 5,332,368 | 140,670 | n/a |
4. |
Amendment to the Certificate of Incorporation re: Reverse Split |
25,716,489 | 4,129,030 | 78,971 | n/a |
5. | Amendment to the 2005 Employee Stock Purchase Plan | 9,490,080 | 3,686,489 | 46,163 | 16,701,758 |
6. |
Approval, on an advisory basis, of the compensation of the Company’s named executive officers |
9,552,667 | 3,558,553 | 111,512 | 16,701,758 |
As noted in Item 5.03 of this Current Report, the Amendment to the Certificate of Incorporation was filed with the Secretary of State of the State of Delaware, and became effective, on or about May 28, 2013.
Item 8.01. Other Events.
On May 23, 2013, at the Company’s 2013 Annual Meeting, the stockholders approved an amendment to the 2005 Employee Stock Purchase Plan, as amended (the “ESPP”), to increase by 100,000 the number of shares of the Company’s Common Stock available for issuance thereunder. A description of the ESPP was included in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 22, 2013 for the Annual Meeting. The ESPP, as amended at the Annual Meeting, is attached hereto as Exhibit 4.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
3.1 | Certificate of Amendment of Amended and Restated Certificate of Incorporation. | |
4.1 | 2005 Employee Stock Purchase Plan, as amended. |
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.
TranSwitch Corporation |
||||
May 29, 2013 | By: | /s/ Robert Bosi | ||
Name: | Robert Bosi | |||
Title: | Chief Financial Officer |
Exhibit Index
Exhibit No. | Description | |
3.1 | Certificate of Amendment of Amended and Restated Certificate of Incorporation. | |
4.1 | 2005 Employee Stock Purchase Plan, as amended. |