CALIX, INC. (NYSE:CALX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

CALIX, INC. (NYSE:CALX) 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.

(c), (e)
On May 31, 2017, Calix, Inc. (the Company) announced that the
board of directors of the Company has appointed Cory J. Sindelar,
age 48, to serve as interim Chief Financial Officer and Principal
Financial Officer, effective immediately. Previously, Mr.
Sindelar served as the Chief Financial Officer of Violin Memory,
Inc., a pioneer in the all-flash-array enterprise storage market,
from December 2011 to April 2017. He also previously served as
Chief Financial Officer of Ikanos Communications, Inc., a
semiconductor and software provider to telecommunications
equipment suppliers, from September 2006 to July 2010. From 2003
to 2006, Mr. Sindelar held various finance positions at EMC
Corporation. From 2000 to 2003, Mr. Sindelar was Vice President,
Corporate Controller and Principal Accounting Officer at Legato
Systems, Inc., an enterprise software company, which was acquired
by EMC. Mr. Sindelar holds a B.S. in Business Administration from
Georgetown University.
In connection with Mr. Sindelars appointment as interim Chief
Financial Officer and Principal Financial Officer, on May 31,
2017, the Company entered into a consulting agreement with Mr.
Sindelar, which provides for a monthly fee of $25,000 and an
expected initial term of three months. The foregoing description
is qualified in its entirety by reference to the text of the
consulting agreement, a copy of which will be filed as an exhibit
to the Companys Quarterly Report on Form 10-Q for the quarterly
period ending July 1, 2017. The Company and Mr. Sindelar also
entered into the Companys standard indemnification agreement, the
form of which was filed with the SEC as Exhibit 10.5 to Amendment
No. 6 to the Companys Registration Statement on Form S-1 filed
with the SEC on March 8, 2010.
There is no arrangement or understanding between Mr. Sindelar and
any other persons to which Mr. Sindelar was selected as an
officer, and there are no related party transactions involving
Mr. Sindelar that are reportable under Item 404(b) of Regulation
S-K.
Item 7.01 Regulation FD Disclosure.
A copy of the Companys press release, dated May 31, 2017,
announcing Mr. Sindelars appointment as interim Chief Financial
Officer and Principal Financial Officer is furnished as Exhibit
99.1 hereto and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.1
Press release dated May 31, 2017.


About CALIX, INC. (NYSE:CALX)

Calix, Inc. is a provider of broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs), to transform their networks and connect to their residential and business subscribers. The Company enables CSPs to provide a range of revenue-generating services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks. The Company develops and sells carrier-class hardware and software products, which it refers to as the Unified Access portfolio. The Company’s Unified Access portfolio consists of four core systems and nodes, the E-Series access systems and nodes (E-Series systems and nodes), the B6 access nodes (B-Series nodes), the C7 multiservice, multiprotocol access system (C-Series system), and the BLM1500 gigabit passive optical network (GPON) access terminal.

CALIX, INC. (NYSE:CALX) Recent Trading Information

CALIX, INC. (NYSE:CALX) closed its last trading session down -0.05 at 6.55 with 448,343 shares trading hands.

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