Impinj, Inc. (NASDAQ:PI) Files An 8-K Results of Operations and Financial Condition
Item 2.02
Results of Operations and Financial Conditions.
On February 20, 2019, Impinj Inc. (“Impinj” or the “Company”) issued a press release announcing its financial results for the fourth quarter and year ended December31, 2018. A copy of the press release, entitled “Impinj Reports Fourth Quarter and Full Year 2018 Financial Results” is attached as Exhibit 99.1 to this current report on Form 8-K and is incorporated by reference herein.
The information in this current report on Form 8-K and the exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
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Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On February 19, 2019, Impinj awarded Chris Diorio, Ph.D., Chief Executive Officer and Vice Chair, and Eric Brodersen, President and Chief Operating Officer, annual cash bonuses of $270,922 and $211,810, respectively, to the Company’s 2018 Senior Leadership Bonus Program, after considering the Company’s achievement of its budgeted bookings target for fiscal year 2018, and their 2018 target annual bonus opportunities. Annual target bonus opportunities for Messrs. Diorio and Brodersen, were 85% and 75%, respectively, up to July 1, 2018 and 50% and 85%, respectively, thereafter.
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Item 9.01 |
Financial Statements and Exhibits |
(d) Exhibits
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99.1 |
Press release dated February 20, 2019. |
IMPINJ INC Exhibit
EX-99.1 2 pi-ex991_6.htm EX-99.1 pi-ex991_6.htm Exhibit 99.1 Impinj Reports Fourth Quarter and Full Year 2018 Financial Results SEATTLE,…
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About Impinj, Inc. (NASDAQ:PI)
Impinj, Inc. is a provider of RAIN radio frequency identification (RFID) solutions. The Company sells a platform that includes endpoint integrated circuits (ICs), reader ICs, readers and gateways that enable wireless connectivity to everyday items, and software that delivers Item Intelligence from endpoint reads. The Impinj Platform connects billions of everyday items, such as apparel, medical supplies, automobile parts, drivers’ licenses, food and luggage to applications, such as inventory management, patient safety, asset tracking and item authentication, delivering real-time information to businesses about items they create, manage, transport and sell. The Impinj Platform wirelessly delivers information about these items’ identity, location and authenticity, or Item Intelligence, to the digital world.