Current Report Filing (8-k)
August 24 2018 - 4:08PM
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): August 20, 2018
Everspin Technologies, Inc.
(Exact name of registrant as specified in its charter)
|
|
|
|
|
Delaware
|
|
001-37900
|
|
26-2640654
|
(State or other jurisdiction
of incorporation)
|
|
(Commission
File Number)
|
|
(IRS Employer
Identification No.)
|
5670 W. Chandler Blvd.
Suite 100
Chandler,
Arizona 85226
(Address of principal executive offices, including zip code)
(480)
347-1111
(Registrants telephone number, including area code)
Not Applicable
(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:
☐
|
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(§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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
On August 20, 2018, the Board of Directors of Everspin Technologies,
Inc. appointed Darin Billerbeck as a member of the Board, effective August 20, 2018. Mr. Billerbeck will serve until Everspins 2019 Annual Meeting of Stockholders or until his successor is duly elected and qualified. In addition,
Mr. Billerbeck was appointed as a member of the Compensation Committee and the Nominating and Corporate Governance Committee.
Mr. Billerbeck will receive compensation as a
non-employee director
of Everspin as
follows: (a) an annual retainer of $48,000; and (b) an initial stock option grant of 30,000 shares with an exercise price of $8.52, which is equal to the fair market value of a share of Everspin common stock on August 20, 2018, the
date of grant, and vests monthly over three years provided he continues to serve with Everspin. Mr. Billerbeck is also eligible to be granted equity awards under Everspins equity compensation plans, which may be granted to
non-employee
directors from time to time.
In addition, Everspin will enter into its standard
indemnification agreement with Mr. Billerbeck.
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.
|
|
|
|
|
|
|
|
|
|
|
Everspin Technologies, Inc.
|
|
|
|
Dated: August 24, 2018
|
|
|
|
|
|
|
|
|
|
|
|
|
By:
|
|
/s/ Jeffrey Winzeler
|
|
|
|
|
|
|
Jeffrey Winzeler
|
|
|
|
|
|
|
Chief Financial Officer
|
Everspin Technologies (NASDAQ:MRAM)
Historical Stock Chart
From Aug 2024 to Sep 2024
Everspin Technologies (NASDAQ:MRAM)
Historical Stock Chart
From Sep 2023 to Sep 2024