-----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, Th5kmTWemAK528FQ6roOuoSfFj3+dfFyNKc1GZ4Xs8njF5gYiwzIt19QNZu6rbx6 YRbsnWVIqBKC7xvpPDvYpA== 0000950134-06-016684.txt : 20060823 0000950134-06-016684.hdr.sgml : 20060823 20060823140928 ACCESSION NUMBER: 0000950134-06-016684 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060817 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20060823 DATE AS OF CHANGE: 20060823 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OMNIVISION TECHNOLOGIES INC CENTRAL INDEX KEY: 0001106851 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 770401990 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-29939 FILM NUMBER: 061050603 BUSINESS ADDRESS: STREET 1: 930 THOMPSON PL CITY: SUNNYVALE STATE: CA ZIP: 94085 BUSINESS PHONE: 4087333030 8-K 1 f23249e8vk.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 17, 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))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

 

Section 1 – Registrant’s Business and Operations
Item 1.01 Entry into a Material Definitive Agreement.
     On August 17, 2006, the Compensation Committee of the Board of Directors of OmniVision Technologies, Inc. (the “Company”) approved a reduction in the director fees to be paid to Dwight Steffensen, the Chairperson of the Audit Committee of the Board of Directors of the Company, effective as of July 31, 2006. The approved reduction terminated the previously approved increase in the director fees payable to Mr. Steffensen, which included the payment of $20,000 at the beginning of each fiscal quarter, effective as of August 1, 2005, in addition to the compensation Mr. Steffensen was otherwise entitled to receive as the Chairperson of the Audit Committee. The decision was based on the determination that the workload and time commitment of Mr. Steffensen would be reduced beginning in the second quarter of fiscal 2007. Mr. Steffensen will continue to receive annual director fees of $10,000 for his service as the Chairperson of the Audit Committee plus other amounts payable in accordance with the Company’s standard compensation policies for its directors.

 

 

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: August 23, 2006
         
  OmniVision Technologies, Inc.
 		  
  By:   /s/ SHAW HONG    
    Shaw Hong   
    President and Chief Executive Officer   
 

 

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