INSEEGO CORP. (NASDAQ:INSG) 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 June 30, 2017, James Ledwith and David Werner, two independent directors on the Board of Directors of Inseego Corp. (the “Company”), resigned from the Company’s Board of Directors, effective as of the close of business on June 30, 2017. The resignations of Mr. Ledwith and Mr. Werner were not the result of any disagreement with respect to the Company’s operations, policies or practices.
In connection with the resignations of Mr. Ledwith and Mr. Werner, in recognition of their past service and contributions to the Company, the Board of Directors of the Company accelerated the vesting of outstanding unvested equity awards previously granted to each of them. This resulted in the immediate vesting of 28,333 restricted stock units awarded to each of Mr. Ledwith and Mr. Werner on May 12, 2017, which otherwise would have become fully vested on May 12, 2018 if they had continued to serve as directors through such date.
