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): May 12, 2016

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MAXWELL TECHNOLOGIES, INC.

(Exact Name of Registrant as Specified in its Charter)

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Delaware	1-15477	95-2390133
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)

3888 Calle Fortunada

San Diego, California 92123

(Addresses of principal executive offices, including zip code)

(858) 503-3300

(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):

¨ 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) On May 12, 2016, the Board of Directors (the “Board”) of Maxwell Technologies, Inc. (the “Company”) appointed Steven Bilodeau to serve as a director of the Company, effective immediately, and named Mr. Bilodeau to each of the standing committees of the Board.

The Company’s Certificate of Incorporation and Bylaws provide for its Board to be divided into three classes, with each class having a three-year term. Mr. Bilodeau will be a member of Class I of directors, with a term of office expiring at the Company’s annual meeting of stockholders expected to be held in 2018.

Mr. Bilodeau will participate in the Company’s standard compensation program for non-employee directors, as described in the Company’s proxy statement filed with the Securities and Exchange Commission on April 29, 2016. Mr. Bilodeau will also enter into the Company’s standard form of indemnification agreement.

The selection of Mr. Bilodeau to serve as a member of the Board was not pursuant to any arrangement or understanding between Mr. Bilodeau and any other person.

The Company issued a press release announcing the appointment of Mr. Bilodeau on May 12, 2016, a copy of which is attached to this report as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Description
99.1	Press release issued by Maxwell Technologies, Inc. on May 12, 2016

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.

MAXWELL TECHNOLOGIES, INC.
By:	/s/ David Lyle
	David Lyle
	Senior Vice President, Chief Financial Officer, Treasurer and Secretary

Date: May 12, 2016

EX-99.1

Exhibit 99.1

	FOR IMMEDIATE RELEASE
	Media & Investor Contact:
	Amy Wakeham
	(858) 503-3359
	awakeham@maxwell.com

Steve Bilodeau to Join Maxwell Technologies Board of Directors

SAN DIEGO, May 12, 2016 -- Maxwell Technologies, Inc. (NASDAQ: MXWL), a leading developer and manufacturer of ultracapacitor-based energy storage and power delivery solutions, today announced that Steve Bilodeau has been appointed to Maxwell’s board of directors as a new independent director effective May 12, 2016.

Mr. Bilodeau has more than thirty years of general management and operations experience, as well as extensive experience serving on public company boards. He was Chief Executive Officer of Standard Microsystems Corporation (SMSC) from 1999–2008 where he also served as Chairman from 2000-2012. Bilodeau currently serves as a director on the board of Cohu, Inc., and is a member of the Audit, Compensation, and Governance & Nominating Committees as well as serves as the chair of the Compensation Committee. He has also previously served as a director of NuHorizons Electronic Corp., Conexant Systems Inc., and Gennum Corporation.

“Steve brings strong operational and executive management experience to complement our already experienced Board of Directors,” said Mark Rossi, chairman of the board. “Steve’s broad public company experience and his extensive background in corporate governance, particularly in small- to mid-market cap technology companies, will serve us well as we continue to execute on our long-term strategic objectives and deliver enhanced value for customers and shareholders.”

About Maxwell: 
Maxwell is a global leader in the development and manufacture of innovative, cost-effective energy storage and power delivery solutions. Our ultracapacitor products provide safe and reliable power solutions for applications in consumer and industrial electronics, transportation and telecommunications. Our high-voltage grading and coupling capacitors help to ensure the safety and reliability of electric utility infrastructure and other applications involving transport, distribution and measurement of high-voltage electrical energy. For more information, please visit our website: www.maxwell.com.

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