SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 1, 2016
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
26601 W. Agoura Road, Calabasas, California
(Address of principal executive offices)
Registrant’s telephone number, including area code: 818.871.1800
(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 5.07 Submission of Matters to a Vote of Security Holders
On June 2, 2016, Ixia (the “Company”) held its 2016 Annual Meeting of Shareholders (the “2016 Annual Meeting”). Set forth below is a brief description of each matter voted upon at the 2016 Annual Meeting, and the voting results with respect to each such matter.
1.A proposal to elect each of the following six nominees for director to serve until the next annual meeting of the Company’s shareholders and until such time as his or her successor is duly elected and qualified or until his or her earlier resignation, removal, or death:
2.A proposal to approve, on an advisory basis, the compensation of the Company’s named executive officers:
3.A proposal to ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2016:
Pursuant to the foregoing votes, at the 2016 Annual Meeting, the Company’s shareholders (i) elected each of the nominees for director to serve until the next annual meeting of the Company’s shareholders and until such time as his or her successor is duly elected and qualified or until his or her earlier resignation, removal, or death; (ii) approved, on an advisory basis, the compensation of the Company’s named executive officers; and (iii) ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2016.
On June 1, 2016, following a hearing on May 27, 2016, the U.S. District Court for the Central District of California (the “Court”) entered an order granting final approval of the Stipulation and Agreement of Settlement, dated November 17, 2015, providing for the settlement of the consolidated shareholder derivative action, captioned In re Ixia Shareholder Derivative Litigation, pending against Ixia (the “Company”), as a nominal defendant, and certain of its current and former officers and directors. The order also approved the award of attorneys’ fees and expenses to Plaintiffs’ counsel in the amount of $575,000, which will be paid by one of the Company's insurance carrier. As previously reported, the Court had granted preliminary approval of the settlement in an order dated February 26, 2016. The Court’s order is subject to appeal. In the event no appeal is filed, the settlement will become effective at the end of the appeal period.
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.
June 6, 2016
/s/ Matthew S. Alexander
Matthew S. Alexander
Senior Vice President, General Counsel,
and Corporate Secretary