EXTREME NETWORKS, INC. (NASDAQ:EXTR) Files An 8-K Other Events
Item 8.01. Other Events.
On January 18, 2019, the Superior Court of the State of California, County of Santa Clara entered an Order Preliminarily Approving the Stipulation of Settlement and Notice of Proposed Settlement in Shaffer v. Kispert, et al. (Extreme Networks, Inc.), Case No. 1-16-CV-291726.Extreme Networks, Inc. (the “Company”) had previously entered into a stipulation and settlement agreement (the “Stipulation of Settlement”) in the shareholder derivative action on October 23, 2018, which was previously disclosed in its Form 10-Q for the quarterly period ended September 30, 2018.The Stipulation of Settlement calls for the Company to adopt certain governance changes and have the Company’s insurer pay to plaintiff’s counsel $200,000 for certain fees and expenses.A final settlement hearing is scheduled for May 3, 2019, at 9:00 a.m., at the Superior Court of the State of California, County of Santa Clara.
to the Stipulation of Settlement and Preliminary Approval Order, the “Notice of Proposed Settlement of Derivative Action” is attached to this Current Report as Exhibit 99.1 and is incorporated herein by reference.The full Notice of Proposed Settlement of Derivative Action and Stipulation of Settlement are available on the Company’s Investor Relations page of its website (at https://investor.extremenetworks.com).The contents of the Company’s corporate website shall not be deemed to be incorporated by reference into this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
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99.1 |
Notice of Proposed Settlement of Derivative Action. |
EXTREME NETWORKS INC Exhibit
EX-99.1 2 extr-ex991_6.htm EX-99.1 extr-ex991_6.htm Exhibit 99.1 Laurence M. Rosen (SBN 219683) THE ROSEN LAW FIRM,…
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About EXTREME NETWORKS, INC. (NASDAQ:EXTR)
Extreme Networks, Inc. is a provider of network infrastructure equipment. The Company markets its products to business, governmental, healthcare, service provider and educational customers with a focus on corporate enterprises and metropolitan service providers on a global basis. The Company operates through the development and marketing of network infrastructure equipment segment. The Company’s products include ExtremeWireless, ExtremeSwitching, ExtremeControl, ExtremeManagement, ExtremeCloud, ExtremeAnalytics and ExtremeSecurity. The Company offers solutions in categories, which includes industry solutions, technology solutions and managed services solutions. The Company operates in three geographical areas: Americas, which includes the United States, Canada, Mexico, Central America and South America; EMEA, which includes Europe, Russia, Middle East and Africa, and APAC, which includes Asia Pacific, South Asia, India, Australia and Japan.
