RADISYS CORPORATION (NASDAQ:RSYS) Files An 8-K Regulation FD DisclosureItem 7.01 Regulation FD Disclosure.
On September 14, 2017, the Board of Directors (the “Board”) of Radisys Corporation (the “Company”) unanimously approved a reduction in director compensation, which going forward will consist solely of equity incentive compensation awards. Effective immediately, non-employee directors will no longer receive cash compensation. Previously granted restricted stock units will continue to vest. This change is intended to reduce director compensation and transition the Board to all equity incentive compensation. The Company believes this will drive shareholder value by further aligning the Board’s interests with the Company’s shareholders.
The information in this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or any proxy statement or report or other document we may file with the Securities Exchange Commission (“SEC”), regardless of any general incorporation language in any such filing, except as shall be expressly set forth by specific reference in such filing.
About RADISYS CORPORATION (NASDAQ:RSYS)
Radisys Corporation (Radisys) is a services acceleration company. The Company’s application aware traffic distribution platforms, real-time media processing products and wireless access technologies enable service providers to virtualize and monetize their networks. The Company’s products and services are organized into two segments: Software-Systems, and Embedded Products and Hardware Services. The Company’s Software-Systems segment consists of three product families: FlowEngine, MediaEngine and CellEngine. Also included in the Software-Systems segment is its Professional Service organization. The Company’s Embedded Products and Hardware Services segment provides customers with hardware based products targeted at the communications and healthcare markets. Products within this segment fall under primary categories, including T-Series Advanced Telecommunications Computing Architecture (ATCA) Platforms, Component Object Model (COM) Express and Rackmount Servers, and Other Products.