TiVo Corporation (NASDAQ:TIVO) Files An 8-K Results of Operations and Financial Condition

TiVo Corporation (NASDAQ:TIVO) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition

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On July5, 2018, TiVo Corporation issued a press release discussing its expected financial results for the period ended June30, 2018. A copy of the press release is furnished as Exhibit 99.1 to this report.

The press release is furnished and shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or subject to the liabilities of that Section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended.

Item 2.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(b) Departure of Principal Executive Officer and Director

On June28, 2018, Enrique Rodriguez, President, Chief Executive Officer and a member of the Board of Directors of TiVo Corporation (“TiVo” or the “Company”), notified the TiVo Board of Directors of his resignation from his current positions at TiVo, including as a member of the TiVo Board of Directors, to pursue other business opportunities. His resignation will be effective July5, 2018, following which Mr.Rodriguez will remain with the Company in an advisory role to ensure a smooth transition.

(c) Appointment of Principal Executive Officer

On July5, 2018, TiVo Corporation (“TiVo” or the “Company”) announced the appointment of Board of Directors member Raghavendra Rau as interim President and Chief Executive Officer. In this position, Mr.Rau will serve as the interim Principal Executive Officer of the Company. Mr.Rau is commencing employment with the Company on July5, 2018 and will remain a member of the Company’s Board of Directors. A copy of the press release announcing Mr.Rau’s appointment is furnished as Exhibit 99.1 to this report.

Raghavendra Rau, age 69, has served as a director of the Company since 2015. Prior to joining the Board, Mr.Rau served as Chief Executive Officer of SeaChange International Inc., a video software technology company, from November 2011 to October 2014 and was a member of its board from July 2010 until October 2014. Prior to his work at SeaChange International, Mr.Rau held a number of senior leadership positions with Motorola Inc. from 1992 to 2008, including Senior Vice President of Strategy and Business Development of the Networks& Enterprise business, Senior Vice President of the Mobile TV Solutions business, and Corporate Vice President of Marketing and Professional Services. Mr.Rau holds a bachelor’s degree in engineering from the National Institute of Technology (India) and an MBA from the Indian Institute of Management (Ahmedabad). Since March 2017, Mr.Rau has served on the board of Quantum Corporation, a scale-out tiered storage, archive and data protection company, and has served as the Chairman of Quantum’s board since August 2017. He previously served on the board of Aviat Networks, a wireless networking company, from November 2010 to January 2015.

There are no family relationships between Raghavendra Rau and any Company director, executive officer or nominee for any such position. There is no arrangement or understanding between Mr.Rau and any other persons to which he was or is to be selected as interim President and Chief Executive Officer.

Mr.Rau is not a party to any transaction with the Company other than (i)his current arrangements with respect to Board member compensation and indemnification which have been previously publicly disclosed, and (ii)as described in this Current Report on Form 8-K.

Item 2.02. Financial Statements and Exhibits

(d) The following exhibit is furnished with this report on Form 8-K:

TiVo Corp Exhibit
EX-99.1 2 d874657dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 TiVo Announces CEO Transition TiVo Director Raghu Rau Appointed Interim President and Chief Executive Officer Strategic Alternatives Review Continues,…
To view the full exhibit click here

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.

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