PLANTRONICS, INC. (NYSE:PLT) Files An 8-K Regulation FD DisclosureItem 7.01 Regulation FD Disclosure
Plantronics, Inc. (“Company”) announced in its Form 10-K filed May 10, 2017, that it had received a Notice of Proposed Debarment (“Notice”) by the General Services Administration (“GSA”) proposing the Company be debarred from participation in Federal procurement and non-procurement programs based on an Order (“Order”) of the United States District Court for the District of Delaware issued in civil litigation between GN Netcom, Inc. and the Company, civil case number 1:12cv01318 (“GN Litigation”). In response to the Notice, the Company engaged with the GSA to assure the GSA of the Company’s present responsibility.
On August 23, 2017, the GSA terminated its proposed action against the Company, subject to the Company's assurance that it will inform the GSA of any future violations of the GSA regulations, thereby concluding the restrictions imposed on the Company. Such assurances remain in effect until the earlier of the next three years or the end of the GN litigation, whichever occurs sooner.
About PLANTRONICS, INC. (NYSE:PLT)
Plantronics, Inc. (Plantronics) is engaged in the design, manufacture, and distribution of headsets for business and consumer applications, and other specialty products for the hearing impaired. The Company is a global designer, manufacturer and marketer of communications headsets, telephone headset systems, other communication endpoints and accessories for the business and consumer markets. The Company develops communication products for offices and contact centers, mobile devices, cordless phones, and computers and gaming consoles. Its product categories include Enterprise, which includes corded and cordless communication headsets, audio processors, and telephone systems, and Consumer, which includes Bluetooth and corded products for mobile device applications, personal computer (PC) and gaming headsets, and specialty products marketed for hearing impaired individuals. It offers its products under two brands: Plantronics and Clarity.
