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
October 23, 2012
Date of Report (date of earliest event reported)
INVENSENSE, INC.
(Exact name of Registrant as specified in its charter)
Delaware | 001-35269 | 01-0789977 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification Number) |
1197 Borregas Avenue
Sunnyvale, California 94089
(Address of principal executive offices) (Zip Code)
(408) 988-7339
(Registrants 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:
¨ | 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; Appointment of Certain Officers;
On October 23, 2012, InvenSense Inc. (InvenSense) issued a press release regarding a transition from its current chief executive officer Steven Nasiri to a new chief executive officer, Behrooz Abdi, effective October 24, 2012. A copy of InvenSenses press release is attached hereto as Exhibit 99.1.
The information contained in this Current Report shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) | Exhibits. |
The following exhibits are furnished herewith:
Exhibit Number |
Description | |
99.1 | Text of press release issued by InvenSense, Inc. on October 23, 2012. |
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.
INVENSENSE, INC. | ||||||
Date: October 23, 2012 | By: | /s/ Alan Krock | ||||
Alan Krock | ||||||
Vice President, Chief Financial Officer |
EXHIBIT INDEX
Exhibit Number |
Description | |
99.1 | Text of press release issued by InvenSense, Inc. on October 23, 2012. |
Exhibit 99.1
InvenSense® Announces Steven Nasiri CEO and Chairman to Step Down and Behrooz
Abdi Appointed as CEO and President Effective October 24, 2012
Mr. Nasiri to Continue as a Member of the Board of Directors and Remain as An Executive of the Company
Through the End of the Year
SUNNYVALE, Calif., October 23, 2012 InvenSense, Inc. (NYSE: INVN), the leading provider of MotionTracking devices for consumer electronic devices announced that Mr. Steven Nasiri, company Founder, CEO and Chairman will be stepping down. Mr. Nasiri will continue to provide his expertise and insights as a member of the Board of Directors and will continue to serve as an executive of the Company through the end of the calendar year to provide for an orderly transition. Mr. Nasiri founded the company in 2003 and has served as its CEO and Chairman the entire time.
Effective October 24, 2012, Behrooz Abdi has been appointed as Chief Executive Officer and President and will work closely with Mr. Nasiri during the transition. Mr. Abdi has served on InvenSenses Board of Directors since June 2011 and has worked extensively with the Board and the Company for the past 15 months. Prior to accepting the CEO role, Mr. Abdi was an Executive Vice President and General Manager for NetLogic Microsystems, Inc., a leader in intelligent semiconductor solutions for the internet, since November 2009. Mr. Abdi served as the President and Chief Executive Officer of RMI Corporation (also known as Raza Microelectronics Inc.), a fabless semiconductor company, from November 2007 to October 2009. He served as Senior Vice President and General Manager of CDMA Technologies (QCT) at Qualcomm, Inc., a provider of wireless technology and services, from March 2004 to November 2007. Prior to joining Qualcomm, he held leadership and engineering positions at Motorola, Inc. where he served as Vice President and General Manager for Motorolas radio products division, in charge of RF and mixed signal ICs for the wireless mobile market. He currently is a director at Tabula, Inc. and Exar Corporation. Mr. Abdi holds a B.S. from Montana State University and an M.S. from the Georgia Institute of Technology, both in Electrical Engineering.
Steve has built a world class technology organization and under his leadership InvenSense has emerged as a leader in MotionTracking, stated Behrooz Abdi. I want to thank Steve for giving me the opportunity to serve on the Board and I also want to thank the Board of Directors for their confidence in me. I am excited to work with the InvenSense team during the next phase of the company and realize our vision of building the undisputed leader in MEMS technology.
We are very proud of what we have accomplished since the start of the company in 2003. I look forward to continuing to serve the company and its shareholders as the member of the Board of Directors stated Steve Nasiri, We are the first company to succeed as an independent Fabless MEMS company, we brought motion interface to the consumer market, and we have been recognized as the technology leader shipping the worlds first: dual axis gyro in 2007, three axis gyro in 2009, six axis gyro and accelerometer motion processor in 2011 and nine axis gyro, accelerometer and compass motion processor in 2012.
About InvenSense
InvenSense, Inc. (NYSE: INVN) is the leading provider of MotionTracking solutions for consumer electronic devices in the world. The companys patented Nasiri-Fabrication platform and patent-pending MotionFusion technology address the emerging needs of many mass-market consumer applications such as, improved performance, accuracy, and intuitive motion- and gesture-based interfaces. InvenSense technology can be found in consumer electronic markets including smartphones, tablets, gaming devices, optical image stabilization, and remote controls for Smart TVs. InvenSense is headquartered in Sunnyvale, California and has offices in China, Taiwan, Korea, Japan, and Dubai. More information can be found at www.invensense.com.
©2012 InvenSense, Inc. All rights reserved. InvenSense, MotionTracking, MotionProcessing, MotionProcessor, MotionFusion, MotionApps, DMP, and the InvenSense logo are trademarks of InvenSense, Inc. Other company and product names may be trademarks of the respective companies with which they are associated.
For Investor Inquiries, Contact:
Alan Krock
Chief Financial Officer
ir@invensense.com
For Press Inquiries, Contact:
David Almoslino
408.988.7339 x285
dalmoslino@invensense.com