TiVo Corporation (NASDAQ:TIVO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

TiVo Corporation (NASDAQ:TIVO) 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.

Story continues below

(b) Notification of Resignation.

On October 4, 2017, Pete Thompson, Executive Vice President and Chief Operating Officer of TiVo Corporation (the “Company”), notified the Company of his resignation effective October 6, 2017 to pursue an external employment opportunity with a larger company. Following Mr. Thompson’s resignation, Mr. Carson, the Company’s President and Chief Executive Officer, will assume the job responsibilities previously held by Mr. Thompson.

Item 7.01 Regulation FD Disclosure.

As previously announced in May, the Company’s current Chief Executive Officer Tom Carson has communicated his intention to retire.The Board of Directors, working with Spencer Stuart, has been conducting a robust search for a new CEO, and has been pleased with both the high level of interest and the quality of the candidates. The Board expects to conclude the process and announce a new CEO shortly.Mr. Carson will remain in his current capacity until a successor is appointed and will then serve in an advisory capacity to the Board, and new CEO, to ensure a smooth transition.

Safe Harbor Statement

This Current Report on Form 8-K contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements with respect to the timing of the announcement of the Board’s appointment of a new Chief Executive Officer. These risks and uncertainties include, among others, the risks and uncertainties included in the reports and other filings by the Company with the U.S. Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year ended December31, 2016 under the heading “Risk Factors.” The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


About TiVo Corporation (NASDAQ:TIVO)

TiVo Corporation, formerly Titan Technologies Corporation, is a holding company. The Company’s subsidiaries include Rovi Corporation and TiVo Inc. The Company, through TiVo Inc., is engaged in providing video technology software services and cloud-based software-as-a-service solutions. TiVo Inc.’s software and cloud-based services provide an approach for navigating content chaos by combining live, recorded, Video on Demand (VOD) content into an intuitive user interface with universal search, discovery, viewing and recording, and creating a unified viewing experience. The Company, through Rovi Corporation, provides a set of content discovery solutions that are embedded in its customers’ products and services to connect consumers with entertainment, including device embedded and cloud-based interactive program guides (IPGs), natural language conversational voice and text search and recommendation services, among others.

An ad to help with our costs