Mellanox Technologies, Ltd. (NASDAQ:MLNX) 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 July9, 2018, the Board of Directors (the “Board”) of Mellanox Technologies, Ltd. (the “Company”) appointed Eric Johnson, currently the Company’s V.P., Corporate Controller, to act as the Company’s interim principal financial and accounting officer, effective immediately.
Mr.Johnson, age 54, has more than three decades of professional financial experience, including over 10 years of public accounting experience at Ernst& Young LLP, and he has served as the Company’s V.P., Corporate Controller since June 2016. Prior to joining the Company, Mr.Johnson served as Corporate Controller of Audience, Inc., a mobile voice and audio processing company, from April2014 to March 2016. From August 2011 to March 2014, Mr.Johnson served as Corporate Controller of Accuray, Inc., a radiation oncology company.
The Board and management of the Company, with the assistance of an executive search firm, are continuing to review and evaluate candidates to permanently fill the positions of chief financial officer and principal financial and accounting officer.
In addition, on July9, 2018, the Company entered into an indemnification undertaking agreement with Mr.Johnson in the form previously approved for the Company’s officers and directors, which provides for the indemnification of Mr.Johnson by the Company for certain financial obligations and expenses related to acts or omissions of Mr.Johnson in his capacity as an officer of the Company.
Mr.Johnson has no relationships requiring disclosure under Item 404(a) of Regulation S-K and is not a party to any arrangement or understanding with any other person to which he was selected as an officer.
About Mellanox Technologies, Ltd. (NASDAQ:MLNX)
Mellanox Technologies, Ltd. is a fabless semiconductor company. The Company designs, manufactures and sells interconnect products and solutions primarily based on the InfiniBand and Ethernet standards. The Company operates in the development, manufacturing, marketing and sales of interconnect products segment. Its products facilitate data transmission between servers, storage systems, communications infrastructure equipment and other embedded systems. It operates its business across the globe and offers products to customers at various levels of integration. The products it offers include integrated circuits (ICs), adapter cards, switch systems, cables, modules, software, services and accessories as an integral part of networking solution focused on computing, storage and communication applications used in multiple markets, including high-performance computing (HPC), Web 2.0, storage, financial services, enterprise data center (EDC) and cloud.