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): May 29, 2013
Symmetricom, Inc.
(Exact Name of Registrant as Specified in its Charter)
| Delaware | 0-02287 | 95-1906306 | ||
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) | ||
| 2300 Orchard Parkway, San Jose, California |
95131-1017 | |||
| (Address of Principal Executive Offices) | (Zip Code) | |||
Registrant’s Telephone Number, Including Area Code (408) 433-0910
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. |
Under a review led by Elizabeth A. Fetter, Chief Executive Officer of Symmetricom, Inc. (the “Company”), the Company is reorganizing its management structure. Pursuant to such reorganization, James Armstrong, our former Executive Vice President and Chief Technology Officer, and Daniel Scharre, our former Executive Vice President, Products, have resigned effective as of May 29, 2013. Each of them will be paid severance benefits in accordance with their existing executive severance benefits agreement. The product management function has been consolidated into the marketing organization led by Phil Bourekas, Executive Vice President of Marketing. The technology and engineering functions now report to Ms. Fetter.
SIGNATURE
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.
| SYMMETRICOM, INC. | ||||
| Dated: May 30, 2013 | By: | /s/ JUSTIN R. SPENCER | ||
| Name: | Justin R. Spencer | |||
| Title: | Executive Vice President Finance and Administration, Chief Financial Officer | |||