ADTRAN, Inc. (NASDAQ:ADTN) 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
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Departure of Directors or Certain Officers; Election of |
On May 11, 2017, the Board of Directors appointed Gregory James
McCray as a director to serve until the 2018 Annual Meeting of
Stockholders to fill a newly created Directorship resulting from
the Boards increase in the authorized number of Directors. The
Board of Directors has appointed Mr. McCray to serve on the
Audit, Compensation, and Nominating and Corporate Governance
Committees of the Board of Directors.
In connection with his appointment to the Board of Directors, Mr.
McCray will be eligible to receive ADTRANs standard annual
compensation for non-employee directors, as has been previously
disclosed.Accordingly, Mr. McCray will be entitled to an annual
payment for his services as a member of the Board of Directors,
reimbursement for certain expenses and participation in the 2010
Directors Stock Option Plan.
There are no arrangements or understandings between Mr. McCray
and any other persons to which Mr. McCray was named a director of
ADTRAN. There have been no transactions since the beginning of
ADTRANs last fiscal year, and there are no currently proposed
transactions, in which ADTRAN was or is to be a participant and
in which Mr. McCray or any member of his immediate family had or
will have any interest, that are required to be reported under
Item 404(a) of Regulation S-K.
A copy of ADTRAN’s press release announcing such appointment is
attached as Exhibit 99.1 hereto and incorporated by reference
herein.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits.
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Exhibit Number |
Description |
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99.1 |
Press Release dated May 11, 2017 |
About ADTRAN, Inc. (NASDAQ:ADTN)
ADTRAN, Inc. is a provider of networking and communications equipment. The Company’s solutions enable voice, data, video and Internet communications across a range of network infrastructures. It operates through two segments: the Carrier Networks Division and the Enterprise Networks Division. Its Carrier Networks Division supplies the network access products, services and supports that service providers require to connect their customers to transmission and switching networks. Its Enterprise Networks Division delivers a portfolio of networking and communications solutions for small and medium-sized businesses, as well as distributed enterprises. Its portfolio includes Cloud Connectivity solutions, such as Internet Protocol (IP) business gateways and access routers, which provide business access to service provider networks, and Enterprise Communications solutions, which enable businesses to construct voice, data and video networks at the customer’s site or among distributed sites. ADTRAN, Inc. (NASDAQ:ADTN) Recent Trading Information
ADTRAN, Inc. (NASDAQ:ADTN) closed its last trading session 00.00 at 20.25 with 373,220 shares trading hands.