Smith Micro Software, Inc. (NASDAQ:SMSI) 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.
On June 19, 2017, Smith Micro Software, Inc. (the Company)
announced the appointment of Timothy C. Huffmyer as Vice
President and Chief Financial Officer of the Company. Mr.
Huffmyer replaced Steven M. Yasbek, who resigned as Vice
President and Chief Financial Officer of the Company effective on
Mr. Huffmyer, age 43, most recently served as Vice President,
Chief Financial Officer of Black Box Corporation, and served in
various finance positions with Black Box Corporation since June
There are no arrangements or understandings between Mr. Huffmyer
and any other persons to which Mr. Huffmyer was selected as the
Chief Financial Officer of the Company. There are no family
relationships between Mr. Huffmyer and any director or executive
officer of the Company, and Mr. Huffmyer has no direct or
indirect material interest in any transaction required to be
disclosed to Item 404(a) of Regulation S-K promulgated under the
Securities Exchange Act of 1934, as amended (the Exchange Act),
nor are any such transactions currently proposed.
In connection with Mr. Huffmyers appointment, on June 19, 2017,
the Company entered into an offer letter agreement (the Offer
Letter) with Mr. Huffmyer, which provides that as Chief Financial
Officer, Mr. Huffmyer will receive an annual base salary of
$235,000 and will be eligible to participate in the Companys
bonus program for an annual amount of $100,000.In addition, Mr.
Huffmyer will receive a grant of 50,000 fully vested shares under
the Companys equity incentive plan. A copy of the Offer Letter is
attached hereto as Exhibit 10.1 and is incorporated by reference
Item 7.01Regulation FD Disclosure.
On June 19, 2017, the Company issued a press release announcing
the appointment of Timothy C. Huffmyer as its new Vice President
and Chief Financial Officer.A copy of the press release is
furnished as Exhibit 99.1 to this Form 8-K.
The information in Item 7.01 of this Form 8-K and Exhibit 99.1
furnished herewith shall not be deemed filed for purposes of
Section 18 of the Exchange Act, or otherwise subject to the
liabilities under that section, nor shall they be deemed
incorporated by reference in any filing under the Securities Act
of 1933, as amended, or the Exchange Act, regardless of any
general incorporation language in any such filing.
Item 9.01Financial Statement and Exhibits.
Offer Letter by and between the Registrant and Timothy C.
Press Release, dated June 19, 2017
SMITH MICRO SOFTWARE INC ExhibitEX-10.1 2 smsi-ex101_6.htm EX-10.1 OFFER LETTER – HUFFMYER smsi-ex101_6.htm Exhibit 10.1 June 19,…To view the full exhibit click
here About Smith Micro Software, Inc. (NASDAQ:SMSI)
Smith Micro Software, Inc. is a provider of software solutions. The Company operates through two segments: Wireless and Graphics. The Company offers multi-platform, modular solutions organized into three product families, including NetWise, CommSuite and QuickLink. For mobile network operators, NetWise helps reduce cellular congestion and optimize data traffic across third-generation (3G), fourth-generation (4G) and wireless fidelity (Wi-Fi) networks. Graphics segment includes its consumer-based products, such as Poser, Anime Studio, Manga Studio, MotionArtist and StuffIt. The Graphics segment develops a range of software, including graphic design and animation, compression and personal computer (PC)/Mac utilities, for consumers, professional artists and educators. The Company also offers Family Safety platform for family locator and parental controls.