Finisar Corporation (NASDAQ:FNSR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 5, 2017, Jerry Rawls, the Chairman of the Board of Directors (the “Board”) and Chief Executive Officer of Finisar Corporation (the “Company”), informed the Board that he intends to retire as Chief Executive Officer of the Company by the end of calendar year 2018.
On September 6, 2017, the Company issued a press release announcing Jerry Rawls’s intention to retire as Chief Executive Officer of the Company by the end of calendar year 2018, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
99.1 Press Release Announcing Co-Founder and Chief Executive Officer Jerry Rawls Intention to Retire.
About Finisar Corporation (NASDAQ:FNSR)
Finisar Corporation (Finisar) is a provider of optical subsystems and components that are used in data communication and telecommunication applications. The Company’s optical subsystems consist of transmitters, receivers, transceivers, transponders and active optical cables, which provide the fundamental optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in these networks, including the switches, routers, and servers used in wireline networks. These products rely on the use of semiconductor lasers and photodetectors in conjunction with integrated circuits and optoelectronic packaging to provide a means for transmitting and receiving digital signals over fiber optic cable at speeds ranging from less than one gigabit per second (Gbps), to more than 100 Gbps, over distances of less than 10 meters to more than 2,000 kilometers, using a range of network protocols and physical configurations. Finisar Corporation (NASDAQ:FNSR) Recent Trading Information
Finisar Corporation (NASDAQ:FNSR) closed its last trading session down -1.04 at 20.95 with 14,484,352 shares trading hands.