RESONANT INC. (NASDAQ:RESN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

RESONANT INC. (NASDAQ:RESN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective October 7, 2018, our board of directors increased the size of the board from nine to ten directors, and appointed Bob Tirva (age 52) as a director to fill the vacancy created upon the expansion in the size of the board. Mr. Tirva also was appointed to the board’s audit committee.

Mr. Tirva is the chief financial officer of Intermedia.net, Inc. (“Intermedia”), a leading cloud UCaaS and business application provider, where he is responsible for all of Intermedia’s global financial functions. Prior to Intermedia, Mr. Tirva was corporate controller at Dropbox, Inc. (NASDAQ: DBX) from 2014 to 2016, where he was responsible for developing the company’s accounting organization. Before Dropbox, Mr. Tirva spent nearly 14 years at Broadcom Inc. (NASDAQ: AVGO), where he held a range of finance roles of increasing responsibility, including senior vice president, principal accounting officer and vice president of finance. Mr. Tirva also has career experience with International Business Machines Corporation (IBM), Navistar Financial Corporation and Ernst & Young. Mr. Tirva holds an MBA from the Yale School of Management and a Bachelor of Business Administration degree in Accounting from the University of Notre Dame.

In accordance with our non-employee director compensation policy, for Mr. Tirva’s service on the board, he will be entitled to receive the following compensation:

Annual Retainer – an annual retainer of $50,000 in cash, payable quarterly;

Initial Equity Award – 24,000 restricted stock units, which award will vest as to one-half of the shares on each of the first and second anniversaries of the commencement of his service as a non-employee director, subject to continued service as a director through the applicable vesting date; and

Annual Equity Award — on the date of each annual meeting of our stockholders, Mr. Tirva will be granted restricted stock units with a grant date fair value equal to $50,000, which award will vest as to one-half of the shares on each of the first annual meeting of stockholders and second annual meeting of stockholders following the grant, subject to continued service as a director through the applicable vesting date.

Prior to his appointment as a member of our board of directors, Mr. Tirva did not have any material relationship with us and no such relationship is currently proposed. Mr. Tirva does not have any family relationships with any of our other directors or executive officers. There are no understandings or arrangements between Mr. Tirva and any other person to which Mr. Tirva was selected as a director.

A press release announcing Mr. Tirva’s appointment to the board was issued by us on October 11, 2018, a copy of which is attached hereto as Exhibit 99.1.

Item 9.01Financial Statements and Exhibits.

99.1

Press Release issued by Resonant Inc. dated October 11, 2018.


Resonant Inc Exhibit
EX-99.1 2 exhibit991newdirector.htm EXHIBIT 99.1 Exhibit                     Resonant Inc. Appoints Tech and Finance Executive Bob Tirva to its Board of Directors- Respected tech industry veteran brings more than 25 years of comprehensive financial expertise – GOLETA,…
To view the full exhibit click here

About RESONANT INC. (NASDAQ:RESN)

Resonant Inc. is a late-stage development company. The Company creates filter designs for radio frequency (RF) front-ends for the mobile device industry. The RF front-end is the circuitry in a mobile device for analog signal processing and is located between the device’s antenna and its digital baseband. The Company uses a technology called Infinite Synthesized Networks (ISN) to configure and connect resonators, the building blocks of RF filters. The Company uses ISN to develop new classes of filter designs. The Company is also developing a series of single-band surface acoustic wave (SAW) filter designs for frequency bands. The Company is developing multiplexer filter designs for over two bands to address the carrier aggregation (CA) requirements of its customers. In addition, the Company is also developing reconfigurable filter designs to replace multiple filters for multiple bands. The Company is also involved in the development of a filter reconfigurable between three bands.

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