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): August 14, 2013
MULTI-FINELINE ELECTRONIX, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 000-50812 | 95-3947402 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
8659 Research Drive
Irvine, CA 92618
(Address of principal executive offices) (Zip Code)
(949) 453-6800
(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:
| ¨ | 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 August 14, 2013, the Board of Directors (the “Board”) of Multi-Fineline Electronix, Inc. (the “Company”) elected James M. McCluney as a Class I director, to fill a vacancy created by a director resignation in March 2013. It is not currently expected that Mr. McCluney will be appointed to any committee of the Board at this time.
As a non-employee director of the Company, Mr. McCluney is eligible to receive compensation in accordance with the Company’s non-employee director compensation practices described in the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on January 17, 2013. In addition, in keeping with the Board’s current practice of stock grants to directors, on August 14, 2013, the Board made a discretionary grant of restricted stock units to Mr. McCluney equal to 1,272 shares.
The Company issued a press release regarding the appointment of Mr. McCluney to the Board on August 14, 2013. A copy of this press release is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits |
| 99.1 | Press release issued August 14, 2013, announcing appointment of James McCluney to the Board. | |
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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.
| Dated: August 14, 2013 | MULTI-FINELINE ELECTRONIX, INC. | |||
| By: | /s/ Thomas Liguori | |||
| Thomas Liguori | ||||
| Executive Vice President and Chief Financial Officer | ||||
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EXHIBIT INDEX
| Exhibit |
Description | |
| 99.1 | Press release issued August 14, 2013, announcing appointment of James McCluney to the Board. | |
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Exhibit 99.1
NEWS RELEASE
| Contact: | Stacy Feit | |
| Investor Relations | ||
| Tel: 213-486-6549 | ||
| Email: investor_relations@mflex.com |
MFLEX APPOINTS JAMES M. MCCLUNEY AS NEW INDEPENDENT DIRECTOR
Irvine, CA, August 14, 2013 – Multi-Fineline Electronix, Inc. (NASDAQ: MFLX), a leading global provider of high-quality, technologically advanced flexible printed circuits and value-added component assembly solutions to the electronics industry, today announced the appointment of James M. McCluney, 62, to the Company’s Board of Directors as a Class I independent director.
Philippe Lemaitre, Chairman of the Board of Directors of MFLEX commented, “I am pleased to welcome Jim to our Board. His deep industry knowledge, extensive leadership and corporate strategy experience, as well as global perspective will be valuable assets as we continue to focus on diversifying and growing our business.”
Mr. McCluney served as chief executive officer of Emulex Corporation (NYSE: ELX) from 2006 through July 2013, when he became executive chairman of the Emulex board. Prior to that, he served as chairman of the board of Vixel Corporation, which he joined in 1999 as president and chief executive officer. During his tenure he successfully took the company public and in late 2003 Emulex acquired Vixel. Earlier in his career, Mr. McCluney ran Apple’s European operations, rising to the position of senior vice president of worldwide operations and a member of the executive committee. Prior to Apple, he held senior management positions within Digital Equipment Corporation in the UK and Switzerland, including vice president of worldwide materials and logistics. Mr. McCluney holds a Bachelor of Arts degree with honors in business and administration from Strathclyde University in Glasgow, Scotland.
About MFLEX
MFLEX (www.mflex.com) is a global provider of high-quality, technologically advanced flexible printed circuits and value-added component assembly solutions to the electronics industry. The Company is one of a limited number of manufacturers that provides a seamless, integrated end-to-end flexible printed circuit solution for customers, ranging from design and application engineering, prototyping and high-volume manufacturing to turnkey component assembly and testing. The Company targets its solutions within the electronics market and, in particular, focuses on applications where flexible printed circuits are the enabling technology in achieving a desired size, shape, weight or functionality of an electronic device. Current applications for the Company’s products include smartphones, tablets, computer/data storage, portable bar code scanners and other consumer electronic devices. MFLEX’s common stock is quoted on the Nasdaq Global Select Market under the symbol MFLX.