Current Report Filing (8-k)
March 14 2019 - 2:33PM
Edgar (US Regulatory)
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): March 13,
2019
RICHARDSON ELECTRONICS,
LTD.
(Exact name of registrant as specified in
charter)
___________________________
Delaware
(State or other
jurisdiction of incorporation)
|
0-12906
(Commission File
Number)
|
36-2096643
(IRS
Employer Identification
No.)
|
|
|
40W267 Keslinger Road, P.O. Box 393, LaFox, Illinois
(Address of principal executive offices)
|
60147-0393
(Zip Code)
|
Registrant’s telephone
number,
including area code: (630)
208-2200
(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))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Item
5.02
|
Departure of Directors or Principal Officers; Election of Directors; Ap
pointment of Principal Officers
.
|
On March 13, 2019, Patrick Fitzgerald was terminated as Executive Vice President of Richardson Healthcare for Richardson Electronics, Ltd. (the “Company”). In connection with Mr. Fitzgerald’s termination, the Compensation Committee of the Board of Directors of the Company approved and offered an Understanding of Severance Benefits & General Release Agreement (the “Separation Agreement”) to Mr. Fitzgerald. Mr. Fitzgerald has 21 days to review and accept the terms of the Separation Agreement and another seven days upon signing to rescind it. The Separation Agreement will be included in a future filing if Mr. Fitzgerald accepts the terms.
In addition, Wendy S. Diddell, Executive Vice President and Chief Operating Officer, assumed direct responsibility for Richardson Healthcare effective March 13, 2019. Edward J. Richardson, Chairman and Chief Executive Officer, will also be closely involved in the oversight of this business unit given its importance as a key initiative for the Company.
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.
|
RICHARDSON ELECTRONICS,
LTD.
|
|
|
|
Date: March 14,
2019
|
By:
|
/s/ Robert J. Ben
|
|
Name:
Title:
|
Robert J. Ben
Chief Financial Officer and Chief Accounting Officer
|
Richardson Electronics (NASDAQ:RELL)
Historical Stock Chart
From Aug 2024 to Sep 2024
Richardson Electronics (NASDAQ:RELL)
Historical Stock Chart
From Sep 2023 to Sep 2024