NETGEAR, INC. (NASDAQ:NTGR) 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.
(d) On July 2, 2018, the Board of Directors (the "Board") of NETGEAR, Inc. ("NETGEAR") elected Bradley Maiorino to serve as a member of the Board and also appointed Mr. Maiorino to serve as a member of both the Audit Committee and the Cybersecurity Committee of the Board, effective immediately.
Upon joining the Board, Mr.Maiorino received a grant of two thousand eight hundred and thirty-one (2,831)restricted stock units, which will vest on the date of NETGEAR’s 2019 Annual Meeting of Stockholders (but in no event will such restricted stock units vest less than fifty (50) weeks from the date of grant), subject to Mr. Maiorino continuing to serve as a member of the Board until such date. NETGEAR and Mr.Maiorino also entered into NETGEAR's standard Indemnification Agreement for directors.
On July 3, 2018, NETGEAR issued a press release announcing the appointment of Mr.Maiorino to the Board. The full text of the press release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit Number |
Description |
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Press Release, Dated July 3, 2018
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NETGEAR, INC ExhibitEX-99.1 2 ntgr-20180702earningrelease.htm PRESS RELEASE Exhibit NEWS RELEASENETGEAR APPOINTS BRAD MAIORINO TO BOARD OF DIRECTORSDistinguished expert in managing global cybersecurity and risk as chief information security officer at Target,…To view the full exhibit click here
About NETGEAR, INC. (NASDAQ:NTGR)
NETGEAR, Inc. is a global networking company. The Company’s product line consists of devices, such as network attached storage, Internet protocol security cameras, and home automation devices and services. Its segments include retail, commercial and service provider. The retail business unit consists of home networking, home video security, storage and digital media products. The commercial business unit consists of business networking, storage and security solutions. The service provider business unit consists of whole home networking hardware and software solutions, as well as fourth-generation long term evolution hotspots sold to service providers for sale to their subscribers. It has operations in the Americas, Europe, Middle-East and Africa, and Asia Pacific. The Company sells its products through multiple sales channels, including traditional retailers, online retailers, wholesale distributors, direct market resellers, value-added resellers and broadband service providers.
