Everspin Technologies, Inc. (NASDAQ:MRAM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Appointment of SVP, Marketing

On January 16, 2017, Everspin Technologies, Inc. (“Company”) appointed Patrick Patla to the position of Senior Vice President of Marketing of the Company.

Mr. Patla, age 52, most recently served as General Manager of KNUPATH, Inc. from March 2015 to January 2017, an Austin-based startup pioneering advanced hardware architectures for extreme performance neural computing. Prior to joining KNUPATH, Mr. Patla was Senior Director at Broadcom Corporation from October 2014 to March 2015 and Vice President of Server Business Marketing at Samsung from April 2012 to June 2014. From March 2003 to April 2012, Mr. Patla served as VP and General Manager at Advanced Micro Devices, Inc. where he was responsible for the AMD Opteron™ Server Business Unit. Mr. Patla holds a B.A. in Marketing from DePaul University.

About Everspin Technologies, Inc. (NASDAQ:MRAM)

Everspin Technologies, Inc. is a United States-based provider of magnetoresistive random-access memory (MRAM) solutions. The Company is engaged in designing, manufacturing and shipping discrete and embedded MRAM and spin-torque MRAM (ST-MRAM) into markets and applications. The Company’s products include 8-bit/16-bit Parallel Interface MRAM, Serial Peripheral Interface (SPI), Quad SPI and Double Data Rate (DDR) 3 dynamic random-access memory (DRAM) Compatible MRAM – Spin Torque Technology. The Company’s MR10Q010 Quad SPI MRAM is a memory solution for applications that store and retrieve data and programs. Its DDR3 DRAM Compatible MRAM – Spin Torque Technology is designed to comply with all DDR3 DRAM features, such as on-device termination (ODT) and internal ZQ calibration. Its family of both parallel asynchronous input/output (I/O) and serial peripheral interface (SPI) products in densities ranging from 256 kilobyte (Kb) to 16 megabyte (Mb) is available in die form.

Everspin Technologies, Inc. (NASDAQ:MRAM) Recent Trading Information

Everspin Technologies, Inc. (NASDAQ:MRAM) closed its last trading session down -0.18 at 8.06 with 32,728 shares trading hands.