Digi International Inc. (NASDAQ:DGII) 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.
On January12, 2019, Gokul V. Hemmady, our Senior Vice President, Chief Financial Officer and Treasurer, informed us that he expects to resign his employment with us on or about February5, 2019 to accept a position at another company. The Board of Directors is commencing a search for his successor. Our board of directors has appointed Brian Ballenger, the company’s Vice President of Finance and Accounting, to serve in the additional positions of Interim Treasurer and acting principal financial officer and principal accounting officer, effective upon Mr.Hemmady’s departure.
Mr.Ballenger, age 46, has served as Vice President of Finance and Accounting since June2017. He has held various other finance and accounting positions with our company since 1995, including as Director of Financial Planning and Analysis from January2016 to June2017 and as Senior Finance Manager from 2009 to December2015.
Item 7.01 Regulation FD Disclosure.
The text of our press release announcing Mr.Hemmady’s departure is set forth in Exhibit99.1 to this report and is incorporated by reference into this Item 7.01.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following exhibits are provided herewith:
DIGI INTERNATIONAL INC Exhibit
EX-99.1 2 a19-2925_1ex99d1.htm EX-99.1 Exhibit 99.1 Digi International Announces Resignation of CFO Gokul Hemmady resigning to pursue opportunity at Silicon Valley based start-up business (MINNETONKA,…
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About Digi International Inc. (NASDAQ:DGII)
Digi International Inc. is a provider of mission and business-critical machine-to-machine (M2M) and Internet-of-Things (IoT) connectivity products and services. The Company creates connected products and deploys and manages critical communications infrastructures in a range of environments. It offers four categories of hardware products: cellular routers and gateways, radio frequency (RF), embedded and network products. The Company’s cellular product category includes its cellular routers and all gateways. The Company’s RF product category includes its XBee modules, as well as other RF Solutions. Its embedded product category includes Digi Connect and Rabbit embedded systems on module and single board computers. Its network product category includes console and serial servers and universal serial bus (USB) connected products. The Company’s service offerings include wireless design services, Digi Device Cloud (which includes Digi Remote Manager) and enterprise support services.