Form 8-K

0001193125-16-695560.txt : 20160829 0001193125-16-695560.hdr.sgml : 20160829 20160829161855 ACCESSION NUMBER: 0001193125-16-695560 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160823 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20160829 DATE AS OF CHANGE: 20160829 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IMPINJ INC CENTRAL INDEX KEY: 0001114995 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679] IRS NUMBER: 912041398 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37824 FILM NUMBER: 161858032 BUSINESS ADDRESS: STREET 1: 400 FAIRVIEW AVENUE NORTH STREET 2: SUITE 1200 CITY: SEATTLE STATE: WA ZIP: 98109 BUSINESS PHONE: 206-517-5300 MAIL ADDRESS: STREET 1: 400 FAIRVIEW AVENUE NORTH STREET 2: SUITE 1200 CITY: SEATTLE STATE: WA ZIP: 98109 8-K 1 d235941d8k.htm FORM 8-K Form 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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 23, 2016

Impinj, Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-37824

91-2041398

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

400 Fairview Avenue North, Suite 1200

Seattle, Washington 98109

(Address of principal executive offices, including zip code)

(206) 517-5300

(Registrant’s telephone number, including area code)

(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):

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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

¨	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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 23, 2016, the compensation committee of our board of directors approved an increase in the annual base salaries for each of our named executive officers, effective as of July 3, 2016. For additional information, please see the section captioned “Executive Compensation” of our Registration Statement on Form S-1 filed with the Securities and Exchange Commission on July 20, 2016.


Name	Title	2016 Base Salary
Chris Diorio	Chief Executive Officer	$	345,000
Eric Brodersen	President and Chief Operating Officer		315,000
Walter Palhetas	Senior Vice President, Global Sales		260,000

The compensation committee also approved increases in the bonus opportunities for Dr. Diorio and Mr. Brodersen. Prior to the change each was eligible to receive a performance-based target bonus under our 2016 Bonus Program of up to 50% of his base salary, with opportunities for over-achievement. The compensation committee increased these percentages for Dr. Diorio and Mr. Brodersen to 70% and 60%, respectively. The performance and over-achievement goals for these officers are related to various corporate objectives, including continued revenue growth. The 2016 bonus opportunity for each executive will reflect the 50% rate as it applied up to July 3, 2016, and the new rate after that date.

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.


Impinj, Inc.

By:		/s/ Chris Diorio
		Chris Diorio Chief Executive Officer

Date: August 29, 2016