Sonic Innovations Inc - Current report filing (8-K)
July 03 2008 - 5:26PM
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 reported) June 30, 2008
SONIC INNOVATIONS, INC.
(Exact name of registrant as specified in its charter)
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DELAWARE
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000-30335
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87-0494518
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(State or other jurisdiction of
incorporation or organization)
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(Commission file
number)
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(I.R.S. Employer
Identification No.)
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2795 East Cottonwood Parkway, Suite 660
Salt Lake City, UT 84121-7036
(Address of principal executive offices)
(801) 365-2800
(Registrants telephone number, including area code)
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:
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Written Communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
5.02(b)
Victor Bray voluntarily resigned his position with Sonic
Innovations, Inc. (the
Company
) as Vice President and Chief Audiology Officer, effective June 30, 2008.
5.02(e)
Victor Bray and the Company entered into an Agreement on June 30, 2008 in connection with his departure, pursuant to which, Victor Bray (i) will receive severance pay equal to his current gross base salary
through February 28, 2009, (ii) will cease vesting in any stock option grants or restricted stock as of February 28, 2009, and (iii) agreed to not compete with the Company through February 28, 2010.
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 duly authorized.
Dated: July 3, 2008.
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SONIC INNOVATIONS, INC.
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/s/ Michael M. Halloran
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Michael M. Halloran
Vice President and Chief
Financial Officer
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