Everspin Technologies, Inc. (NASDAQ:MRAM) 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.

(d) Election of Directors

On March 24, 2017, the Board of Directors (the “Board”) of Everspin Technologies, Inc. (the “Company”) appointed Kevin Conley and Michael B. Gustafson as members of the Board, effective March 24, 2017. Messrs. Conley and Gustafson will serve until the Company’s 2017 Annual Meeting of Stockholders or until a successor for each is duly elected and qualified. In addition, Mr. Conley was appointed as a member of the Audit Committee, and Mr. Gustafson was appointed as a member of the Compensation Committee.

Messrs. Conley and Gustafson will receive compensation as non-employee directors of the Company under the Company’s standard compensation arrangements with its non-employee directors, which is currently as set forth on Exhibit 10.4 to the Company’s Form 10-Q filed with the SEC on November 18, 2016.

(b) Resignation of Director

On March 24, 2017, Robert W. England notified the Company that he will resign from the Board effective May 17, 2017.

About Everspin Technologies, Inc. (NASDAQ:MRAM)

Everspin Technologies, Inc. is a United States-based provider of magnetoresistive random-access memory (MRAM) solutions. The Company is engaged in designing, manufacturing and shipping discrete and embedded MRAM and spin-torque MRAM (ST-MRAM) into markets and applications. The Company’s products include 8-bit/16-bit Parallel Interface MRAM, Serial Peripheral Interface (SPI), Quad SPI and Double Data Rate (DDR) 3 dynamic random-access memory (DRAM) Compatible MRAM – Spin Torque Technology. The Company’s MR10Q010 Quad SPI MRAM is a memory solution for applications that store and retrieve data and programs. Its DDR3 DRAM Compatible MRAM – Spin Torque Technology is designed to comply with all DDR3 DRAM features, such as on-device termination (ODT) and internal ZQ calibration. Its family of both parallel asynchronous input/output (I/O) and serial peripheral interface (SPI) products in densities ranging from 256 kilobyte (Kb) to 16 megabyte (Mb) is available in die form.

Everspin Technologies, Inc. (NASDAQ:MRAM) Recent Trading Information

Everspin Technologies, Inc. (NASDAQ:MRAM) closed its last trading session up +0.05 at 7.70 with 23,704 shares trading hands.