AIRGAIN, INC. (NASDAQ:AIRG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 2, 2018, Glenn Selbo, the Chief Operating Officer of Airgain, Inc. (the “Company”), resigned, effective as of such date.Following his resignation, the Company expects that Mr. Selbo will provide consulting services to the Company. Mr. Selbo’s outstanding stock options will continue to vest during the term of his consulting services.
In connection with his resignation, Mr. Selbo will be eligible to receive the following severance benefits to a general release of claims as set forth in his employment agreement: a lump sum cash payment in the amount of $150,000; and the continuation of his health coverage to COBRA at the Company’s expense for a period of six months following his last day of employment.
About AIRGAIN, INC. (NASDAQ:AIRG)
Airgain, Inc. is a provider of embedded antenna technologies used to enable wireless networking across a range of home, enterprise and industrial devices. The Company’s antennas are found in devices deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways and digital televisions. It offers six product lines, including MaxBeam High Gain Embedded Antennas, Profile Embedded Antennas, Profile Contour Embedded Antennas, Ultra Embedded Antennas, OmniMax High Performance External Antennas and MaxBeam Carrier Class Antennas. The Company, through its design, integration and testing of embedded antenna technology, provides its technology to the residential wireless local area network, wireless fidelity and antenna market, and also supplies to carriers, original equipment manufacturers, original design manufacturers and system designers. The Company supplies its products in the United States, Europe, Canada and Asia.
