-----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, AKndb/+3ZhUi3mdyKtgNit0nWFcH3EyR/RxusXBeAqsclOqslA/lf5Lef0/fcbHg e8YDZDdD17vwSBaaWfUI4g== 0000950134-08-004396.txt : 20080310 0000950134-08-004396.hdr.sgml : 20080310 20080310060300 ACCESSION NUMBER: 0000950134-08-004396 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080304 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20080310 DATE AS OF CHANGE: 20080310 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RAE SYSTEMS INC CENTRAL INDEX KEY: 0001084876 STANDARD INDUSTRIAL CLASSIFICATION: MEASURING & CONTROLLING DEVICES, NEC [3829] IRS NUMBER: 770588488 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31783 FILM NUMBER: 08676083 BUSINESS ADDRESS: STREET 1: 3775 NORTH FIRST STREET CITY: SAN JOSE STATE: CA ZIP: 95134 BUSINESS PHONE: 408-952-8200 MAIL ADDRESS: STREET 1: 3775 NORTH FIRST STREET CITY: SAN JOSE STATE: CA ZIP: 95134 FORMER COMPANY: FORMER CONFORMED NAME: NETTAXI INC DATE OF NAME CHANGE: 19990422 8-K 1 f38891e8vk.htm FORM 8-K e8vk
 

 
 
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): March 4, 2008
RAE Systems Inc.
(Exact name of registrant as specified in its charter)
         
Delaware   001-31783   77-0588488
(State or other jurisdiction of   (Commission File No.)   (I.R.S. Employer Identification No.)
incorporation)        
3775 North First Street
San Jose, CA 95134
(Address of principal executive offices)
Registrant’s telephone number, including area code:
(408) 952-8200
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:
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 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
     On March 4, 2008, Mr. Rudy Mui, former Chief Operating Officer of RAE Systems Inc. (the “Company”), entered into a separation agreement and general release of claims with the Company in connection with his departure where the Company has agreed to provide to Mr. Mui (provided Mr. Mui does not revoke his acceptance of the terms of the agreement within eight days of its execution), in exchange for a release of claims, (i) a lump sum severance payment of $65,000, (ii) additional continued severance payments each in an amount of $7,500, less applicable withholdings, payable in accordance with the Company’s normal payroll schedule through the earlier of October 25, 2008 or the date Mr. Mui becomes employed by another employer, (iii) outplacement services up to an amount not to exceed $5,000 and (iv) reimbursement for applicable COBRA premiums for one month and a one-time settlement payment of $1,508.16 for three months COBRA premiums.

 

 

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.
Date: March 10, 2008
         
  RAE SYSTEMS INC.
 		  
  By:   /s/ Randall Gausman    
  Name:   Randall Gausman   
  Title:   Vice President and
Chief Financial Officer 		  
 

 

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