-----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, VjqlPO/pfSErww1peSDCP4jswzmyetfpazjvGCtf1MT/MhhGc4OxrYtGZ75SRyKU VzfTt9JCDS3d297XawKGRQ== 0001104659-06-016051.txt : 20060313 0001104659-06-016051.hdr.sgml : 20060313 20060313124130 ACCESSION NUMBER: 0001104659-06-016051 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060308 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060313 DATE AS OF CHANGE: 20060313 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADAPTEC INC CENTRAL INDEX KEY: 0000709804 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] IRS NUMBER: 942748530 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15071 FILM NUMBER: 06681389 BUSINESS ADDRESS: STREET 1: 691 S MILPITAS BLVD STREET 2: M/S25 CITY: MILPITAS STATE: CA ZIP: 95035 BUSINESS PHONE: 4089458600 MAIL ADDRESS: STREET 1: 691 SOUTH MILPITAS BLVD STREET 2: M/S25 CITY: MILPITAS STATE: CA ZIP: 95035 8-K 1 a06-6753_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

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):

March 8, 2006

 

ADAPTEC, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

 

0-15071

 

94-2748530

(State or other jurisdiction
of incorporation)

 

(Commission
File Number)

 

(I.R.S. Employer
Identification No.)

 

691 S. Milpitas Boulevard

Milpitas, CA

95035

(Address of principal executive offices)

(Zip Code)

 

Registrant’s telephone number, including area code: (408) 945-8600

 

 

(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:

 

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

 

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

 

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

 

o            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 Principal Officers; Election of Directors; Appointment of Principal Officers.

 

 

(b)

Resignation of Principal Financial Officer

 

 

 

On March 8, 2006, Adaptec, Inc. (the “Company”) issued a press release announcing that Marshall L. Mohr, Vice President and Chief Financial Officer, resigned from the Company, effective March 15, 2006. A press release announcing this change to the Company’s organization is included as Exhibit 99.1 and incorporated herein by reference.

 

 

 

Item 9.01.

Financial Statements and Exhibits

 

 

 

 

(d)

Exhibits

 

Exhibit No.

 

Description of Exhibit

 

 

 

99.1

 

Press release issued by the Company on March 8, 2006.

 

2



 

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.

 

ADAPTEC, INC.

 

 

By:

/s/ Subramanian Sundaresh

 

Subramanian Sundaresh

President and Chief Executive Officer

 

 

Date: March 13, 2006

 

3



 

EXHIBIT INDEX

 

Exhibit No.

 

Description of Exhibit

 

 

 

99.1

 

Press release issued by the Company on March 8, 2006.

 

4


EX-99.1 2 a06-6753_1ex99d1.htm EXHIBIT 99

Exhibit 99.1

 

Editorial & Investor Contact:

 

Mary Camarata

Adaptec, Inc.

408-957-1630

mary_camarata@adaptec.com

 

ADAPTEC ANNOUNCES RESIGNATION OF CHIEF FINANCIAL OFFICER
MARSHALL MOHR

 

Milpitas, Calif. – March 8, 2006 – Adaptec, Inc. (NASDAQ: ADPT), a global leader in storage solutions, today announced that Chief Financial Officer Marshall Mohr has resigned from the company in order to pursue another opportunity. His last day with Adaptec will be March 15, 2006.

 

“Marshall has made a significant contribution to Adaptec over the last three years and we wish him well in his new opportunity,” said S. “Sundi” Sundaresh, Adaptec president and CEO.

 

Sundaresh continued, “We have been looking to build on the strength of Adaptec’s existing finance and accounting organization by adding skills and experience in the area of implementing successful models for software-based businesses. As such, I’m pleased to say that we expect to be able to appoint a capable replacement for Marshall shortly.”

 

About Adaptec

 

                Adaptec, Inc. (NASDAQ: ADPT) provides trusted storage solutions that reliably move, manage, and protect critical data and digital content. Adaptec’s software and hardware-based solutions are delivered through leading Original Equipment Manufacturers (OEMs) and channel partners to provide storage connectivity, data protection, and networked storage to enterprises, government organizations, medium and small businesses, and consumers worldwide. Adaptec is an S&P Small Cap 600 Index member. More information is available at www.adaptec.com.

 

###

 



 

Safe Harbor Statement

 

This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Forward-looking statements include statements regarding future events or the future performance of Adaptec. These forward-looking statements are based on current expectations, forecasts and assumptions and involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements. These risks include: identifying and retaining key management, identifying potential buyers for the Systems business; market demand for RAID products; difficulty in forecasting the volume and timing of customer orders; reduced demand in the server, network storage and desktop computer markets; our target markets’ failure to accept, or delay in accepting, network storage and other advanced storage solutions, including our SAS, SATA and iSCSI lines of products; decline in consumer acceptance of our current products; the timing and volume of orders by OEM customers for storage products; our ability to control and manage costs associated with the delivery of new products; and the adverse effects of the intense competition we face in our business. For a more complete discussion of risks related to our business, reference is made to the section titled “Risk Factors” included in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2005, on file with the Securities and Exchange Commission. Adaptec assumes no obligation to update any forward looking information that is included in this release.

 


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