-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IT+ieIYLlmXsibEUpZB8HUNQNVl7BW4afoYMmINubLvslOS+go0phhxc5MQRQ8uL /ODE3ttpukfHR+3/k8uhOw== 0001104659-06-024727.txt : 20060412 0001104659-06-024727.hdr.sgml : 20060412 20060412165156 ACCESSION NUMBER: 0001104659-06-024727 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20060410 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060412 DATE AS OF CHANGE: 20060412 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WJ COMMUNICATIONS INC CENTRAL INDEX KEY: 0000105006 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY, NEC [3559] IRS NUMBER: 941402710 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-31337 FILM NUMBER: 06756395 BUSINESS ADDRESS: STREET 1: 401 RIVER OAKS PARKWAY CITY: SAN JOSE STATE: CA ZIP: 95134 BUSINESS PHONE: 408-577-6200 MAIL ADDRESS: STREET 1: 401 RIVER OAKS PARKWAY CITY: SAN JOSE STATE: CA ZIP: 95134 FORMER COMPANY: FORMER CONFORMED NAME: WATKINS JOHNSON CO DATE OF NAME CHANGE: 19920703 8-K 1 a06-8900_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

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):  April 10, 2006

 

WJ COMMUNICATIONS, INC.

(Exact name of registrant as specified in its charter)

 

Commission file number 000-31337

 

DELAWARE

 

94-1402710

(State or other jurisdiction of

 

(I.R.S. Employer

incorporation or organization)

 

Identification No.)

 

 

 

401 River Oaks Parkway, San Jose, California

 

95134

(Address of principal executive offices)

 

(Zip Code)

 

(408) 577-6200

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

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 1.01                                             Entry into a Material Definitive Agreement.

 

Effective April 10, 2006, WJ Communications, Inc. (the “Company”) entered into an employment agreement with R. Gregory Miller for the position of Vice President and Chief Financial Officer of the Company (the “Employment Agreement”).

 

Under the Employment Agreement, Mr. Miller is entitled to receive an annual base salary of $230,000 and will be eligible to participate in the Company’s discretionary cash bonus plan based on appropriate business and financial targets and individual objectives. Mr. Miller will receive a stock option grant of 500,000 shares of WJ Communications common stock which will vest over four years and a stock option grant of 180,000 shares of WJ Communications common stock which shall vest conditioned on the satisfaction of certain performance targets and objectives. Mr. Miller will also receive a time vested restricted stock grant of 10,000 shares of WJ Communications common stock which shall vest upon the one year anniversary of his employment on April 10, 2007.

 

Pursuant to the Employment Agreement, if the Company terminates Mr. Miller’s employment other than for cause or disability or if Mr. Miller terminates his employment with the Company for good reason, and Mr. Miller’s employment is not terminated automatically as a result of his death, the Company will pay him an amount equal to one hundred percent of his annual base salary. Not withstanding the preceding sentence, the Company shall pay Mr. Miller an amount equal to one hundred fifty percent of his annual base salary solely in a circumstance in which there has occurred a change in control (as such term is defined in his option agreement) within six months prior to any termination for good reason or by the Company other than for cause.

 

Item 5.02                                             Departure of Director or Principal Officers; Election of Directors; Appointment of Principal Officers.

 

(c)                                  Appointment of New Principal Financial Officer.

 

On April 10, 2006, the Company announced the appointment of R. Gregory Miller as the Company’s Vice President and Chief Financial Officer (“CFO”). Mr. Miller will be responsible for finance and accounting, investor relations and corporate development. He will replace Rainer N. Growitz, the Company’s interim chief financial officer. Mr. Growitz will resume his prior duties as Vice President of Finance and Corporate Secretary of the Company.

 

Mr. Miller served most recently as vice president and CFO of California Micro Devices Corporation (NasdaqNM:CAMD), a leading supplier of application-specific analog semiconductor products. Prior to that, he served as CFO at Summit Microelectronics, Inc. He has also held senior financial positions at LSI Logic Corporation (NYSE:LSI), National Semiconductor Corporation (NYSE:NSM), and Texas Instruments, Inc. (NYSE:TXN). Mr. Miller received his B.S.E. degree from the University of Michigan. He holds two Master’s degrees, one in Business Administration

 

2



 

from Duke University and another in Engineering from the University of Michigan. He is also a certified public accountant.

 

The material terms of Mr. Miller’s employment agreement are described in Item 1.01 above and are incorporated herein by reference.

 

Item 7.01.                                        Regulation FD Disclosure

 

On April 10, 2006, the Company issued a press release announcing the appointment of R. Gregory Miller as Chief Financial Officer. A copy of the press release is attached to this report as Exhibit 99.1 and is incorporated by reference herein.

 

Item 9.01                                           Financial Statements and Exhibits.

 

(d)                                 Exhibits

 

99.1                    Press Release dated April 10, 2006 regarding Mr. R. Gregory Miller’s appointment as the Company’s Chief Financial Officer.

 

3



 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

WJ COMMUNICATIONS, INC.

 

 

 

 

 

By:

/s/ DAVID R. PULVINO

 

 

David R. Pulvino

 

 

Chief Accounting Officer

 

 

(principal accounting officer)

Dated:  April 12, 2006

 

 

 

4



 

EXHIBIT INDEX

 

Exhibit Number

 

Description

99.1

 

Text of Press Release dated April 10, 2006.

 

5


EX-99.1 2 a06-8900_1ex99d1.htm EX-99

Exhibit 99.1

 

NEWS

 

For Release April 10, 2006 at 11:51 a.m. EST:

 

WJ Communications Appoints R. Gregory Miller as Chief Financial Officer

 

SAN JOSE, CALIFORNIA  April 10, 2006 - WJ Communications, Inc. (NasdaqNM:WJCI), a leading designer and supplier of RF solutions for the wireless infrastructure and RFID reader markets, today announced the appointment of R. Gregory (Greg) Miller as Chief Financial Officer, effective April 10, 2006.

 

“Greg has a proven track record in leading public companies and we are very excited about this addition to the management team,” said Bruce Diamond, Chief Executive Officer and President of WJ Communications. “Greg’s diverse financial and operating expertise, combined with his breadth of experience in the wireless and semiconductor industries will play an instrumental role at WJ Communications. His contributions will be invaluable as we continue to expand our semiconductor & RFID product lines and move into a new phase of market growth.”

 

Mr. Miller brings 30 years of financial experience from Fortune 500 companies as well as several high-growth corporations. He served most recently as vice president and CFO of California Micro Devices Corporation, a leading supplier of application-specific analog semiconductor products. Prior to that, he served as CFO at Summit Microelectronics, Inc. He has also held senior financial positions at LSI Logic Corporation, National Semiconductor Corporation, and Texas Instruments, Inc. Mr. Miller received his B.S.E. degree from the University of Michigan. He holds two Master’s degrees, one in Business Administration from Duke University and another in Engineering from the University of Michigan. He is also a certified public accountant.

 

About WJ Communications

WJ Communications, Inc. is a leading provider of radio frequency (RF) solutions serving multiple markets targeting wireless communications, RF identification (RFID), and broadband cable. WJ addresses the RF challenges in these multiple markets with its highly reliable amplifiers, mixers, RF integrated circuits (RFICs), RFID reader modules, chipsets, and multi-chip (MCM) modules. For more information visit www.wj.com or call 408-577-6200.

 

All trademarks used, referenced, or implicitly contained herein are used in good faith and highlighted to give proper public recognition to their respective owners.

 

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

 

This release contains forward-looking statements including statements as to the future expansion of the semiconductor and RFID product lines, and statements as to the Company’s expectation regarding a new phase of market growth. These forward-looking statements are not historical facts but rather are based on current expectations and our beliefs. Words such as “may,” “will,” “expects,” “intends,” “plans,” “believes,” “seeks,” “could,” and “estimates” and variations of these words and similar expressions are intended to identify forward-looking

 



 

statements. The Company’s actual results may differ materially from those projected in these forward-looking statements as a result of a number of factors, including, but not limited to, the growth in the wireless infrastructure market, the timing and the rate of deployment of 2.5G and 3G systems, the growth in the RFID market, customer acceptance of current and future products and the Company’s Risk Factors as contained in the Form 10-K for year ended 2005 and such other factors as described from time to time in the Company’s filings with the Securities & Exchange Commission. Readers of this release are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise the forward-looking statements contained herein to reflect changed events or circumstances after the date of this press release.

 

WJCI Contacts:

 

Investor Relations Contacts:

 

 

 

Leah McLean

or

Rakesh Mehta

Editorial and PR

 

The Blueshirt Group for WJ Communications

408-577-6411

 

415-217-7722

leah.mclean@wj.com

 

rakesh@blueshirtgroup.com

 


 

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-----END PRIVACY-ENHANCED MESSAGE-----