Current Report Filing (8-k)

Date : 09/27/2019 @ 8:31PM
Source : Edgar (US Regulatory)
Stock : SeaChange International Inc (SEAC)
Quote : 3.38  0.08 (2.42%) @ 3:48PM

Current Report Filing (8-k)

 

 

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): September 25, 2019

 

 

SEACHANGE INTERNATIONAL, INC.

(Exact Name of Registrant as Specified in its Charter)

 

 

 

DELAWARE    001-38828    04-3197974

(State or Other Jurisdiction of

Incorporation or Organization)

  

(Commission

File Number)

  

(I.R.S. Employer

Identification No.)

50 Nagog Park, Acton, MA    01720
(Address of Principal Executive Offices)    (Zip Code)

Registrant’s telephone number including area code: (978) 897-0100

No change since last report

(Former Name or 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))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

  

Trading

Symbols(s)

  

Name of each exchange

on which registered

Common    SEAC    Nasdaq

Series A Participating Preferred

Stock Purchase Rights

   SEAC    Nasdaq

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 of this chapter).

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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b)

Effective as of October 1, 2019, Mark Bonney will transition from serving as the Executive Chair of the Company to serving as the independent Chairman of the Board of the Company.

(e)

In conjunction with Mr. Bonney’s transition from Executive Chair to Independent Chairman of the Board, Mr. Bonney’s compensation for his services will revert to the compensation provided to the role of an independent Chairman. Also, as a result of this change, any amounts earned by Mr. Bonney under the financial portion of the Short-Term Incentive Plan for the fiscal year ending January 31, 2020 (as disclosed in the Form 8-K filed with the SEC on April 4, 2019) will be prorated for his six months in the role of Executive Chair.


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.

 

SEACHANGE INTERNATIONAL, INC.

By: 

 

/s/ Yossi Aloni

Yossi Aloni

President and Chief Executive Officer

Dated:  September 27, 2019

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