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
April 27, 2016
Date of Report (date of earliest event reported)
GIGPEAK, INC.
(Exact name of Registrant as specified in its charter)
|
Delaware
|
001-35520
|
26-2439072
|
|
(State or other jurisdiction of incorporation or organization)
|
(Commission File Number)
|
(I.R.S. Employer Identification Number)
|
130 Baytech Drive
San Jose, CA 95134
(Address of principal executive offices)
(408) 522-3100
(Registrant’s telephone number, including area code)
(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. |
(e) The Compensation Committee of GigPeak, Inc.’s (the “Company”) Board of Directors on April 27, 2016 approved (i) the promotion of Dr. Raluca Dinu to the position of the Company’s Chief Operating Officer along with an increase in Dr. Dinu’s annual salary to $325,000 effective immediately and an award as described below of 75,000 RSUs, and (ii) an increase in annual salary to $203,000 effective immediately for Darren Ma, the Company’s Chief Financial Officer. The RSUs awarded to Dr. Dinu will vest over eight quarters beginning on August 1, 2016 and ending on May 1, 2018. The Company will withhold shares of stock subject to the RSUs at the time of vesting for the purposes of satisfying any tax withholding obligations which arise in connection with the vesting of such RSUs issued to the executive officers. The RSU awards are being made using the form of Restricted Stock Unit Notice of Grant and Agreement previously filed by the Company as Exhibit 10.4 to the Current Report on Form 8-K as filed with the Security and Exchange Commission on April 18, 2016, and the above summary of the terms of these RSUs is qualified in its entirety by reference to such form.
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.
|
GIGOPTIX, INC.
|
|||
|
By:
|
/s/ Dr. Avi Katz
|
||
|
Name: Dr. Avi Katz
|
|||
|
Title: Chief Executive Officer
|
|||
Date:April 29, 2015