0001104659-10-063728.txt : 20101221 0001104659-10-063728.hdr.sgml : 20101221 20101221145730 ACCESSION NUMBER: 0001104659-10-063728 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20101216 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20101221 DATE AS OF CHANGE: 20101221 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UTSTARCOM INC CENTRAL INDEX KEY: 0001030471 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 521782500 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-29661 FILM NUMBER: 101265419 BUSINESS ADDRESS: STREET 1: 20F TOWER EI THE TOWERS ORIENTAL PLAZA STREET 2: NO 1 EAST CHANG AN AVENUE CITY: BEIJING STATE: F4 ZIP: 100738 BUSINESS PHONE: 86 (10) 85205588 MAIL ADDRESS: STREET 1: 20F TOWER EI THE TOWERS ORIENTAL PLAZA STREET 2: NO 1 EAST CHANG AN AVENUE CITY: BEIJING STATE: F4 ZIP: 100738 8-K 1 a10-24009_18k.htm 8-K

UNITED STATES

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): December 16, 2010

UTSTARCOM, INC.

(Exact name of registrant as specified in its charter)

Delaware		000-29661		52-1782500
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

20F, Tower E1, The Towers, Oriental Plaza
No. 1 East Chang An Avenue
Dong Cheng District
Beijing, P.R. China
Post code: 100738

(Address of principal executive offices) (Zip code)

+86 (10) 8520-5588

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report.)

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 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

On December 16, 2010, UTStarcom, Inc. (the “Company”) issued a press release announcing that the Company’s Board of Directors (the “Board”) had elected Mr. Linzhen Xie as a director, effective December 13, 2010. Mr. Xie was also appointed to the Board’s Audit Committee and its Nominating and Corporate Governance Committee. The move increased the size of the Board from six to seven directors. As a result of the election, the majority of the directors constituting the Board are independent directors.

Mr. Xie brings his considerable experience in the telecommunications industry to the Board and the Company. At age 70, Mr. Xie has about 28 years of experience in China’s electronics industry, and for the last 21 of those years he has served as a Professor of electronics at Peking University. He holds a number of positions with industry associations and companies including: Vice President of China Mobile Communications Association since 2004; Chief Scientist and member of the Board of Directors of CECT-Chinacomm Communications Co. Ltd., a state-owned wireless broadband service provider since 2006; a member of the Board of Directors of SIM Technology Group Ltd., a Hong Kong listed mobile handset and wireless communication development company since 2009; and a member of the Board of Directors of Funtalk China Holding Ltd., a NASDAQ listed distributor of mobile communication s devices and accessories since 2009.

The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein in its entirety by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number		Description
99.1		Press Release dated December 16, 2010

SIGNATURES

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.

	UTSTARCOM, INC.


Date: December 20, 2010	By:	/s/ Edmond Cheng
	Name:	Edmond Cheng
	Title:	Chief Financial Officer

Exhibit Number		Description
99.1		Press Release dated December 16, 2010

EX-99.1 2 a10-24009_1ex99d1.htm EX-99.1

Exhibit 99.1

UTStarcom Board Elects New Independent Director

BEIJING, CHINA — December 16, 2010 — UTStarcom, Inc. (“UTStarcom” or “the Company”) (Nasdaq: UTSI) a global leader in IP-based, end-to-end networking solutions and international service and support in China today announced that its board of directors had elected Mr. Linzhen Xie as director. He was also appointed to the Board’s Audit Committee and its Nominating and Corporate Governance Committee. The move increased the size of UTStarcom’s board from 6 to 7. Mr. Linzhen Xie’s position and appointments on the Company’s board of directors were effective December 13, 2010. As a result of the election, the majority of the directors constituting the Board of Directors of the Company are independent directors.

Mr. Xie brings his considerable experience in the telecommunications industry to the board and the Company. At age 70, Mr. Xie has about 28 years of experience in China’s electronics industry, and for the last 21 of those years he has served as a Professor of electronics at Peking University. He holds a number of positions with industry associations and companies including: Vice President of China Mobile Communications Association since 2004; Chief Scientist and member of the Board of Directors of CECT-Chinacomm Communications Co. Ltd., a state-owned wireless broadband service provider since 2006; a member of the Board of Directors of SIM Technology Group Ltd., a Hong Kong listed mobile handset and wireless communication development company since 2009; and a member of the Board of Directors of Funtalk China Holding Ltd., a NASDAQ listed distributor of mobile communications devic es and accessories since 2009.

“We are very pleased that Mr. Xie is joining UTStarcom as he brings a wealth of experience to the board having held numerous academic, senior government and industry association positions,” stated Thomas J. Toy, chairman of the board of UTStarcom. “In addition, we will be able to draw on his considerable knowledge and understanding of China’s burgeoning telecom sector as well as his wisdom and considerable technical expertise as we drive the business forward.”

About UTStarcom, Inc.

UTStarcom is a global leader in IP-based, end-to-end networking solutions and international service and support. The Company sells its solutions to operators in both emerging and established telecommunications and cable markets around the world. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient, end-to-end IP networks.

Founded in 1991, listed in NASDAQ in 2000, the Company has its operational headquarters in Beijing, China and research and development operations in China and India. For more information about UTStarcom, visit the Company’s Web site at http://www.utstar.com.