Viavi Solutions Inc. (NASDAQ:VIAV) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
(b) On November16, 2016, Viavi Solutions Inc. (the
Company) entered into a Separation
Agreement with each of Susan Spradley, Executive Vice President
General Manager, Product Line Management Design, Network
Enablement and Service Enablement, and Dion Joannou, Senior Vice
President, Global Sales, Network Enablement and Service
Enablement. Ms.Spradley and Mr.Joannou will continue to be
employed by the Company until January31, 2017, to facilitate a
transition of their duties.
Ms.Spradley and Mr.Joannou will receive severance benefits under
the Companys Executive Severance and Retention Plan as disclosed
in the Companys Current Report on Form 8-K filed with the
Securities and Exchange Commission on October19, 2015.
Item5.07. Submission of Matters to a Vote of Security
Holders.
The Companys Annual Meeting of Stockholders (the
Meeting) was held on November15, 2016.
At the Meeting, the stockholders voted on the following
proposals, each of which are described in detail in the Companys
definitive proxy statement filed with the Securities and Exchange
Commission on September30, 2016:
Proposal 1: To elect eight directors to serve until the 2017
Annual Meeting of Stockholders:
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163,657,113 | 2,638,545 | 73,558 | 39,759,855 | ||||
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162,768,986 | 3,526,393 | 73,837 | 39,759,855 | ||||
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165,558,905 | 737,186 | 73,125 | 39,759,855 | ||||
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163,328,406 | 2,965,384 | 75,426 | 39,759,855 | ||||
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165,569,035 | 724,645 | 75,536 | 39,759,855 | ||||
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165,543,082 | 750,607 | 75,527 | 39,759,855 | ||||
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163,291,733 | 3,003,376 | 74,107 | 39,759,855 | ||||
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165,550,432 | 743,096 | 75,688 | 39,759,855 |
Proposal 2: To ratify the appointment of PricewaterhouseCoopers
LLP as the Companys independent registered public accounting firm
for the fiscal year ending July1, 2017:
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3,590,213 | 215,330 |
Proposal 3: To approve, on a non-binding advisory basis, the
compensation of the Companys named executive officers:
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6,238,583 | 802,530 | 39,759,855 |
About Viavi Solutions Inc. (NASDAQ:VIAV)
Viavi Solutions Inc. (Viavi) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Company also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets. The Company’s segments include Network Enablement (NE), Service Enablement (SE), and Optical Security and Performance Products (OSP). The NE segment provides testing solutions that access the network to perform build-out and maintenance tasks. The SE segment offers solutions, which are embedded systems that yield network, service and application performance data. The OSP segment provides optical security solutions. The OSP segment’s security offerings for the currency market include Optically Variable Pigment (OVP), Optically Variable Magnetic Pigment (OVMP) and banknote thread substrates. Viavi Solutions Inc. (NASDAQ:VIAV) Recent Trading Information
Viavi Solutions Inc. (NASDAQ:VIAV) closed its last trading session 00.00 at 7.93 with 1,971,886 shares trading hands.