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EX-10.1 - EX-10.1 - Ubiquiti Inc.d614744dex101.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): October 11, 2013

 

 

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.)

2850 Orchard Pkwy

San Jose, CA 95131

(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 (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 October 11, 2013, the General Counsel and Vice President of Legal Affairs of Ubiquiti Networks, Inc. (the “Company”), Jessica Zhou, resigned from the Company to pursue other opportunities. The Company and Ms. Zhou entered into a release agreement on October 18, 2013, under which Ms. Zhou will receive (i) a payment in the amount of $500,000, less applicable withholding, (ii) the immediate accelerated vesting of 27,500 unvested restricted stock units (“RSU”) which were part of an RSU award granted on May 8, 2012, and (iii) payment for premiums, less applicable withholdings, for continued health insurance under the Consolidated Omnibus Budget Reconciliation Act (COBRA) for twelve months.

 

Item 9.01 Financial Statements and Exhibits

Exhibit 10.1     Release of Claims between the Company and Jessica Zhou, dated October 18, 2013.

 

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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.

 

Date: October 18, 2013     Ubiquiti Networks, Inc.
    By:  

/s/ Craig L. Foster

    Name:   Craig L. Foster
    Title:   Chief Financial Officer

 

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