Current Report Filing (8-k)
June 21 2019 - 4:33PM
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: June 17, 2019
(Date of earliest event reported)
_________________________________________
NAUTILUS, INC.
(Exact name of registrant as specified in
its charter)
__________________________________________
Washington
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001-31321
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94-3002667
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(State or other jurisdiction of
incorporation)
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(Commission File Number)
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(I.R.S. Employer
Identification No.)
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17750 SE 6th Way
Vancouver, Washington 98683
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(Address of principal executive offices and zip code)
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(360) 859-2900
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(Registrant's telephone number, including area code)
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N/A
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(Former name or former address, if changed since last report.)
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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
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, no par value
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NLS
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New York Stock Exchange
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Indicate by check mark whether
the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§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 1.02
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Termination of a Material Definitive Agreement.
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The information in Item 5.02 is incorporated
herein by reference.
Item 5.02
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Departure of Directors or Certain officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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On June 17, 2019, the Board of Directors (the
“Board”) of Nautilus, Inc. (the “Company”) accepted the resignation of Sidharth Nayar, the Company’s
Chief Financial Officer, effective July 12, 2019 (the “Resignation Date”). In accordance with the terms of the Employment
Agreement, dated February 10, 2014, by and between the Company and Mr. Nayar, he will be entitled to (i) his salary and any bonus
amounts accrued through the Resignation Date, (ii) use any accrued but unused vacation prior to the Resignation Date, (iii) reimbursement
of expenses properly incurred prior to the Resignation Date, and (iv) any benefits payable upon termination of employment under
any employee benefit plan or policy maintained by the Company
.
The Board
expects to engage a leading executive search firm to assist in identifying and evaluating candidates for the Chief Financial Officer
position.
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.
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NAUTILUS, INC.
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(Registrant)
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June 21, 2019
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By:
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/s/ Wayne M. Bolio
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Date
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Wayne M. Bolio
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Senior Vice President, Law and Human Resources, General Counsel
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