0001104659-15-030549.txt : 20150427 0001104659-15-030549.hdr.sgml : 20150427 20150427161602 ACCESSION NUMBER: 0001104659-15-030549 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20150401 FILED AS OF DATE: 20150427 DATE AS OF CHANGE: 20150427 FILER: COMPANY DATA: COMPANY CONFORMED NAME: POET TECHNOLOGIES INC. CENTRAL INDEX KEY: 0001437424 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-55135 FILM NUMBER: 15795348 BUSINESS ADDRESS: STREET 1: 121 RICHMOND STREET WEST STREET 2: SUITE 501 CITY: TORONTO, ONTARIO M5H 2K1 STATE: A6 ZIP: 00000 BUSINESS PHONE: 401-338-1212 MAIL ADDRESS: STREET 1: 121 RICHMOND STREET WEST STREET 2: SUITE 501 CITY: TORONTO, ONTARIO M5H 2K1 STATE: A6 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: OPEL INTERNATIONAL INC DATE OF NAME CHANGE: 20080611 6-K 1 a15-10051_16k.htm 6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 


 

FORM 6-K

 


 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13A-16 OR 15D-16

OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of April, 2015

 

Commission File No. 000-55135

 


 

POET TECHNOLOGIES INC.

(Translation of registrant’s name into English)

 


 

121 Richmond Street West, Suite 501

Toronto, Ontario, M5H 2K1, Canada

(Address of principal executive offices)

 


 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x       Form 40-F o

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  o

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  o

 

 

 



 

EXHIBIT LIST

 

Exhibit No.

 

Description

 

 

 

99.1

 

Material Change Report, dated April 27, 2015 with News Release attached as Schedule “A”

 

2



 

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.

 

 

Date: April 27, 2015

POET Technologies Inc.

 

 

 

 

By:

/s/ Michel J. Lafrance

 

Name:

Michel J. Lafrance

 

Title:

Secretary

 

3



 

FORM 51-102F3

MATERIAL CHANGE REPORT

 

ITEM 1.

 

NAME AND ADDRESS OF COMPANY

 

 

 

 

 

POET Technologies Inc. (the “Company”)

 

 

121 Richmond Street West, Suite 501

 

 

Toronto, Ontario M5H 2K1

 

 

 

ITEM 2.

 

DATE OF MATERIAL CHANGE

 

 

 

 

 

April 27, 2015.

 

 

 

ITEM 3.

 

NEWS RELEASE

 

 

 

 

 

A News Release was issued on April 27, 2015.

 

 

 

ITEM 4.

 

SUMMARY OF MATERIAL CHANGE

 

 

 

 

 

The Company announced the appointment of a new Chief Operating Officer and the granting of options.

 

 

 

ITEM 5.

 

FULL DESCRIPTION OF MATERIAL CHANGE

 

 

 

 

 

See attached news release in Schedule “A”.

 

 

 

ITEM 6.

 

RELIANCE ON SUBSECTION 7.1(2) OR (3) OF NATIONAL INSTRUMENT 51-102

 

 

 

 

 

Not applicable.

 

 

 

ITEM 7.

 

OMITTED INFORMATION

 

 

 

 

 

No information has been omitted on the basis that it is confidential information.

 

 

 

ITEM 8.

 

EXECUTIVE OFFICER

 

 

 

 

 

Contact:

Michel J. Lafrance, Secretary

 

 

Telephone:

(416) 368-9411

 

 

 

ITEM 9.

 

DATE OF REPORT

 

 

 

 

 

Dated at Toronto, Ontario this 27th day of April, 2015.

 

4


EX-99.1 2 a15-10051_1ex99d1.htm EX-99.1

Exhibit 99.1

 

SCHEDULE “A

 

GRAPHIC

 

 

 

POET Technologies Inc.

Head Office:

Suite 501, 121 Richmond St. W

Toronto, ON, M5H 2K1

 

 

 

 

Operations Office:

P.O. Box 555

Storrs-Mansfield, CT 06268

 

 

Phone: (416) 368-9411 - Fax: (416) 861-0749

 

NEWS RELEASE

 

POET Technologies announces appointment of Chief Operating Officer (“COO”)

 

Toronto, ON, and Storrs, CT, April 27, 2015 — POET Technologies Inc. (TSX-V: PTK and OTCQX: POETF) — developer of the planar opto-electronic technology (“POET”) platform for monolithic fabrication of integrated circuit devices containing both electronic and optical elements on a single semiconductor wafer — is extremely pleased to announce the appointment of Dr. Subhash Deshmukh as COO of the Company. Dr. Deshmukh will commence his new position on June 8, 2015 to give him time to fulfill his duties with his current employer.

 

Most recently, Dr. Deshmukh has been Vice President of Emerging Technologies and Products at Applied Materials, Inc. (Nasdaq: AMAT).  Prior to rejoining Applied Materials, he served as Vice President and General Manager of the Plasma Products Business Unit as well as Vice President of Business Development for Varian Semiconductor Equipment Associates Inc. (Nasdaq: VSEA). Varian Semiconductor was acquired by Applied Materials in November 2011. Before moving to Varian Semiconductor, Dr. Deshmukh served as General Manager of the Dielectric Etch Products Division of Applied Materials.  He previously served in a number of executive and management positions with increasing responsibility at Applied Materials, Lam Research, and AMI Semiconductors.  Dr. Deshmukh holds a PhD in Chemical Sciences, has authored and co-authored over 55 technical articles and has been granted over 27 patents, with several patents pending.

 

In making the announcement, Mr. Copetti, interim CEO and Executive Co-Chairman commented: “We are very pleased to have Subhash join the Company due to his proven track record in leading technology companies, both in technology development and strategies to create sustainable revenues. Subhash’s appointment marks another crucial step in the Company’s succession plan as it moves towards monetizing the POET process”.

 

Dr. Deshmukh commented: “I see tremendous potential with POET Technology’s innovative approach to combining Si based IC’s with III-V materials based optical components on the same chip that could revolutionize the mobility, telecommunications/networking, large data management, and other technology sectors.  I am very excited to be part of the team to drive this innovation into the market”.

 

Stephane Gagnon, who has been serving as COO, has agreed to stay on and help the Company through a period of transition in senior management.  Mr. Copetti added: “I would like to thank Stephane for his hard work and tireless efforts during the time he served as COO of the Company.  Stephane was a key member in laying the foundation for the Company’s current direction”.

 

Dr. Deshmukh was granted 1,500,000 options to purchase common shares of the Company. The options may be exercised at a price of CAD $1.62 per share for a term of 5 years from the effective date of his employment (the “Effective Date”), expiring on April 24, 2020.  The option terms were determined based on current market price in accordance with the TSX Venture Exchange Policies and Company’s Stock Option Plan (the “Plan”) and the options will vest as follows: 250,000 options on the first anniversary of the Effective Date; 416,666 options on the second anniversary; and 416,667 options on each of the third and fourth anniversary.

 



 

About POET Technologies Inc.

 

POET Technologies is the developer of the POET platform for monolithic fabrication of integrated circuit devices containing both electronic and optical elements on a single semiconductor wafer. With its head office in Toronto, Ontario, Canada, and operations in Storrs, CT, the Company, through ODIS Inc., a U.S. company, designs III-V semiconductor devices for military, industrial and commercial applications, including infrared sensor arrays and ultra-low-power random access memory.  The Company has several issued and patents pending for the POET process, with potential high speed and power-efficient applications in devices such as servers, tablet computers and smartphones. The Company’s common shares trade on the TSX Venture Exchange under the symbol “PTK” and on the OTCQX under the symbol “POETF”.  For more information please visit our website at www.poet-technologies.com.

 

 

 

ON BEHALF OF THE BOARD OF DIRECTORS

 

 

 

 

By:

/s/ Michel J. Lafrance

 

Name:

Michel J. Lafrance

 

Title:

Secretary

 

For further information:

 

Christopher Chu, Taylor Rafferty, LLC

Tel: (908) 251-9869

Email: poet@taylor-rafferty.com

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward -looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding an outlook.  Such statements include Dr. Deshmukh’s comments regarding the potential with POET Technology’s innovative approach to combining Si based IC’s with III-V materials based optical components on the same chip that could revolutionize the mobility, telecommunications/networking, large data management, and other technology sectors.

 

Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding future growth, plans for and completion of projects by the Company’s third party relationships, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the completion of the Company’s anticipated projects, delays or changes in plans with respect to the development of the Company’s anticipated projects by the Company’s third party relationships, risks affecting the Company’s ability to execute projects, the ability to attract key personnel, and the inability to raise additional capital. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward- looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.

 

2


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