LRAD Corporation (NASDAQ:LRAD) Files An 8-K Results of Operations and Financial ConditionItem 2.02 Results of Operations and Financial Condition.
The following information is furnished to Item 2.02, “Results of Operations and Financial Condition,” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Such information, including Exhibit 99.1, shall not be incorporated by reference into any filing of LRAD Corporation (the “Company”), whether made before or after the date hereof, regardless of any general incorporation language in such filing.
On August 9, 2017, the Company issued a press release regarding its financial results for the third fiscal quarter ended June 30, 2017. A copy of the press release is furnished as Exhibit 99.1 hereto, and is incorporated by reference herein.
Item5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On August 7, 2017, the Company appointed Dennis D. Klahn as Interim Chief Financial Officer (“CFO”). Mr. Klahn will fill the role of the CFO until such time as a permanent replacement is selected.
Mr. Klahn has 25 years of public company experience in various senior financial roles. Prior to joining the Company, Mr. Klahn served as Group Controller of Teledyne RD Instruments, a subsidiary of Teledyne Technologies, a publicly traded company with $2.4 billion annual revenue, from 2011 to 2017. From 2007 to 2011, he was the Controller for ISE Corporation, taking them through an initial public offering in 2010.
Mr. Klahn has no family relationships with any other employee or member of the Board of Directors of the Company, and there are no related party transactions with regard to Mr. Klahn reportable under Item 404(a) of Regulation S-K.
Item 2.02 Financial Statements and Exhibits
| (d) | Exhibits. |
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99.1 |
Financial Results Press Release, dated August 9, 2017, issued by LRAD Corporation. |
LRAD Corp ExhibitEX-99.1 2 ex99-1.htm EXHIBIT 99.1 ex99-1.htm Exhibit 99.1 LRAD® Corporation Reports Fiscal Third Quarter 2017 Financial Results SAN DIEGO,…To view the full exhibit click here
About LRAD Corporation (NASDAQ:LRAD)
LRAD Corporation is engaged in the design, development and commercialization of directed sound technologies and products. The Company develops and delivers directed acoustic products that beam, focus and control sound over relatively short and long distances. Its long range acoustic device (LRAD) offers directional long-range acoustic hailing devices (AHDs). The LRAD Directional Products include LRAD 100X, LRAD 300X, LRAD 450XL, LRAD 500X, LRAD 500RX, LRAD RXL, LRAD 1000X, LRAD 1000RX and LRAD 2000X. The Company’s LRAD Omnidirectional Products include LRAD 360X, LRAD 360Xm, LRAD 360XT, LRAD DS-60, LRAD SOUND SHIELD and SoundSaber. The Company’s LRAD is deployed by the United States Army, Navy, Marine Corps and Coast Guard, as well as international military services and commercial maritime, commercial security, and public safety organizations around the globe. Its LRAD product line provides a range of systems from single user portable to permanently installed, remotely operated units.
