ECHELON CORPORATION (NASDAQ:ELON) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.
Corporation (the Company) approved an amendment (the Amendment)
to the Tax Benefit Preservation Plan (the Plan), dated as of
April 22, 2016, by and between the Company and Computershare
Inc., as rights agent (the Rights Agent), to extend the Final
Expiration Date (as such term is defined in the Plan) to April
25, 2019. On April 17, 2017, the Company and the Rights Agent
executed the Amendment.
does not purport to be complete and is qualified in its entirety
by reference to the Amendment, a copy of which is attached as
Exhibit 4.1 and is incorporated herein by reference.
Form 8-K is incorporated by reference into this Item 3.03.
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4.1
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First Amendment to Tax Benefit Preservation Plan, dated as
of April 17, 2017, by and between the Company and the Rights Agent. |
About ECHELON CORPORATION (NASDAQ:ELON)
Echelon Corporation develops open-standard control networking platforms and delivers elements necessary to design, install, monitor and control communities of devices. The Company’s products enable everyday devices, such as air conditioners, outdoor lighting, appliances, electricity meters, light switches, thermostats and valves to be inter-connected and be part of the Industrial Internet of Things (IIoT) market. It operates through the IIoT segment. Its IIoT business sells products and services that form embedded control platforms, such as LONWORKS and IzoT. The Company’s IIoT business also sells products and services, which include components, control nodes and development software. The Company also offers a solution consisting of outdoor lighting controllers, segment controllers, gateways and software to end customers, such as municipalities, cities, campuses and commercial enterprises. The Company markets its products under the Echelon brand. ECHELON CORPORATION (NASDAQ:ELON) Recent Trading Information
ECHELON CORPORATION (NASDAQ:ELON) closed its last trading session down -0.18 at 5.82 with 7,245 shares trading hands.