8-K 1 f23461e8vk.htm FORM 8-K e8vk
 

 
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): August 28, 2006
OmniVision Technologies, Inc.
 
(Exact name of Registrant as specified in its charter)
         
Delaware   000-29939   77-0401990
 
(State or other jurisdiction of
incorporation or organization) 		  (Commission File Number)   (I.R.S. Employer
Identification Number)
1341 Orleans Drive
Sunnyvale, California 94089-1136
 
(Address of principal executive offices)
(408) 542-3000
 
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR240.13e-4(c))
 
 

 

 

Section 1 – Registrant’s Business and Operations
Item 1.01 Entry into a Material Definitive Agreement.
     On August 28, 2006, the Compensation Committee (the “Committee”) of the Board of Directors of OmniVision Technologies, Inc. (“OmniVision”) approved the payment of cash bonuses under OmniVision’s Executive Officer Profit Sharing/Bonus Plan (the “Plan”) for the fiscal quarter ended July 31, 2006. The bonuses are consistent with the terms of the Plan and will be paid to the following executive officers of OmniVision:
           
 
  Name of Officer     Cash Bonus Amount  
 
 
        
 
Shaw Hong
     $25,000  
 
Raymond Wu
     $22,500  
 
Xinping He
     $22,500  
 
Y. Vicky Chou
     $20,500  
 
Peter Leigh
     $18,000  
 
John Yue
     $18,000  
 
     In addition, on August 28, 2006, the Committee also approved a cash bonus in the amount of $50,000 to be paid to Raymond Wu in recognition of his leadership, service and contributions that have been instrumental to the success of OmniVision.

 

 

SIGNATURE
     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: September 1, 2006
         
  OmniVision Technologies, Inc.
 		  
  By:   /s/ SHAW HONG    
    Shaw Hong   
    President and Chief Executive Officer