Divx Inc - Current report filing (8-K)
July 01 2008 - 4:16PM
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): June 26, 2008
DivX, Inc.
(Exact name of registrant as specified in its charter)
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Delaware
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001-33029
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33-0921758
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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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4780 Eastgate Mall
San Diego, California
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92121
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code:
(858) 882-0600
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):
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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
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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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(d)
Effective June 26, 2008, the Board of Directors (the Board) of DivX, Inc. (the Company) appointed James Brailean, Ph.D., to serve
as a member of the Board. Dr. Brailean joins as a Class I director, such class of directors to be nominated for election at the 2010 annual stockholders meeting. The Company is not aware of any transaction with Dr. Brailean requiring
disclosure under Item 404(a) of Regulation S-K.
Pursuant to the Companys non-employee director compensation plan (the
Plan) adopted by the Board in October 2007, Dr. Brailean will receive an option to purchase 30,000 shares of the Companys common stock in connection with his appointment to serve on the Board. Under the Plan, he will also
receive an annual option grant for 15,000 shares of the Companys common stock. Dr. Brailean will also receive compensation under the Plan in the amount of $25,000 per year for services as a member of the Board, $1,500 for attendance at
each in-person Board meeting and $750 for attendance at each telephonic Board meeting. At this time the Board has not determined the committee(s) of the Board to which Dr. Brailean may be named.
Item 7.01
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Regulation FD Disclosure
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A copy of the press
release announcing the appointment of Dr. Brailean to the Board is included herewith as Exhibit 99.1.
Item 9.01
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Financial Statements and Exhibits
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(d) Exhibits.
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99.1
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Press release of DivX, Inc. dated July 1, 2008.
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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, thereunto duly authorized.
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DIVX, INC.
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Dated: July 1, 2008
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By:
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/s/ Kevin Hell
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Name:
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Kevin Hell
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Title:
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Chief Executive Officer
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INDEX TO EXHIBITS
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Exhibit
Number
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Description
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99.1
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Press release of DivX, Inc. dated July 1, 2008.
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