-----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, AdnmZakFdFEFt90oA4fV+cVRh4iy5Zwmzb8WD1s8SLrx76o3lpmZZjJelEwopfRt o8BI4qR/TuDKdoKnROJ4CA== 0001193125-08-145078.txt : 20080701 0001193125-08-145078.hdr.sgml : 20080701 20080701161556 ACCESSION NUMBER: 0001193125-08-145078 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080626 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: 20080701 DATE AS OF CHANGE: 20080701 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DIVX INC CENTRAL INDEX KEY: 0001342960 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33029 FILM NUMBER: 08929842 BUSINESS ADDRESS: STREET 1: 4780 EASTGATE MALL CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 858-882-0600 MAIL ADDRESS: STREET 1: 4780 EASTGATE MALL CITY: SAN DIEGO STATE: CA ZIP: 92121 8-K 1 d8k.htm FORM 8-K Form 8-K

 

 

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): June 26, 2008

 

 

DivX, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   001-33029   33-0921758

(State or other jurisdiction of

incorporation)

  (Commission File Number)  

(I.R.S. Employer

Identification No.)

 

4780 Eastgate Mall

San Diego, California

 

92121

(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (858) 882-0600

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

(d) Effective June 26, 2008, the Board of Directors (the “Board”) of DivX, Inc. (the “Company”) appointed James Brailean, Ph.D., to serve as a member of the Board. Dr. Brailean joins as a Class I director, such class of directors to be nominated for election at the 2010 annual stockholders’ meeting. The Company is not aware of any transaction with Dr. Brailean requiring disclosure under Item 404(a) of Regulation S-K.

Pursuant to the Company’s non-employee director compensation plan (the “Plan”) adopted by the Board in October 2007, Dr. Brailean will receive an option to purchase 30,000 shares of the Company’s common stock in connection with his appointment to serve on the Board. Under the Plan, he will also receive an annual option grant for 15,000 shares of the Company’s common stock. Dr. Brailean will also receive compensation under the Plan in the amount of $25,000 per year for services as a member of the Board, $1,500 for attendance at each in-person Board meeting and $750 for attendance at each telephonic Board meeting. At this time the Board has not determined the committee(s) of the Board to which Dr. Brailean may be named.

 

Item 7.01 Regulation FD Disclosure

A copy of the press release announcing the appointment of Dr. Brailean to the Board is included herewith as Exhibit 99.1.

 

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

 

99.1    Press release of DivX, Inc. dated July 1, 2008.


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, thereunto duly authorized.

 

    DIVX, INC.
  Dated: July 1, 2008     By:   /s/ Kevin Hell
      Name:   Kevin Hell
      Title:   Chief Executive Officer


INDEX TO EXHIBITS

 

Exhibit

Number

  

Description

99.1    Press release of DivX, Inc. dated July 1, 2008.
EX-99.1 2 dex991.htm PRESS RELEASE Press release

Exhibit 99.1

 

Media Contact:    Investor Contact:
Tom Huntington   

Karen Fisher

DivX, Inc.

   DivX, Inc.

858.882.0672

   858.882.6415

thuntington@divxcorp.com

   kfisher@divxcorp.com

DivX Board of Directors Adds New Member

Dr. James Brailean of NextWave and PacketVideo to Join Board

SAN DIEGO, July 1, 2008 – DivX, Inc. (NASDAQ: DIVX), a digital media company, today announced that its Board of Directors has elected James Brailean, PhD, Chief Executive Officer for NextWave Mobile Products Division, to the Board increasing the size of the Board from six to seven members. In addition, Dr. Brailean serves as the President and Chief Executive Officer for PacketVideo, Inc.(PV) which was acquired by NextWave, Inc. (NASDAQ: WAVE) in July 2005.

“We are excited that Dr. Brailean has joined our Board at this stage of our corporate development,” stated Kevin Hell, Chief Executive Officer for DivX, Inc. “We believe his expertise and counsel will be invaluable in helping to shape the direction of the company particularly in new emerging product categories.”

“Jim’s track record for delivering innovative, powerful multimedia solutions that enable new forms of mobile entertainment and person-to-person communications is very impressive,” commented Chris McGurk, Chief Executive Officer for Overture Films, current DivX Board member and chairman of the Board’s Nominating and Corporate Governance Committee. “Under his leadership, PacketVideo has become the number one supplier of embedded multimedia solutions for mobile phones and other devices in the world. Jim will be a tremendous addition to our Board and we look forward to working with him.”

Dr. Brailean co-founded PacketVideo in 1998 and under his leadership, PV launched the world’s first commercial end-to-end wireless mobile media delivery platform in 2000, as well as helped create a new industry for wireless multimedia communications. PV’s software has shipped in more than 250 million devices worldwide.

Prior to co-founding PV, Dr. Brailean led the development of the MPEG-4 standards for transmission of video and audio over wireless networks. He holds 16 key U.S. patents that enable advanced multimedia communications. From 1993 to 1998, Dr. Brailean served as the chairman of the Error Resilience Video Compression Ad Hoc Group within MPEG-4. During this time, Dr. Brailean


was a principal staff engineer within the Motorola Corporate Research and Development Laboratories in Chicago where he managed the Advanced Video Algorithm Group which was responsible for the design and development of advanced video compression and imaging algorithms. He also served as a communication system engineer for Hughes Aircraft, Space and Communications Group.

“DivX’s impact on the way millions of people create, share and experience high-quality digital video is impressive,” said Dr. Brailean. “I look forward to working with DivX’s esteemed Board members and executives as the company continues to evolve the digital media landscape.”

DivX’s current Board of Directors consists of Frank Creer, founder and managing director of Zone Ventures, Fred Gerson, Senior Vice President and Chief Financial Officer for the San Diego Padres, Kevin Hell, Chief Executive Officer for DivX, Inc., Chris McGurk, Chief Executive Officer for Overture Films, Jerry Murdock, co-founder and managing director of Insight Venture Partners, and Jerome J.P. Vashisht-Rota, co-founder and Vice President of Creative, Brand and Community for DivX, Inc.

About DivX, Inc.

DivX, Inc. is a digital media company that enables consumers to enjoy a high-quality video experience across any kind of device. DivX creates, distributes and licenses digital video technologies that span the “three screens” comprising today’s consumer media environment—the PC, the television and mobile devices. Over 100 million DivX Certified devices have shipped into the market from leading consumer electronics manufacturers. DivX also offers content providers and publishers a complete solution for the distribution of secure, high-quality digital video content. Driven by a globally recognized brand and a passionate community of hundreds of millions of consumers, DivX is simplifying the video experience to enable the digital home.

###

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