-----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, HfkJmw5WxYmzqnWSeCWzcZ9p+JQjWbAT9OnEcD45cra9xmb8mA5eIDTSWRFh3201 bd+JuyuMEAZXsgYmkVmWVw== 0001104659-04-041093.txt : 20041223 0001104659-04-041093.hdr.sgml : 20041223 20041223125013 ACCESSION NUMBER: 0001104659-04-041093 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041220 ITEM INFORMATION: Other Events FILED AS OF DATE: 20041223 DATE AS OF CHANGE: 20041223 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INFOCUS CORP CENTRAL INDEX KEY: 0000845434 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 930932102 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-18908 FILM NUMBER: 041223344 BUSINESS ADDRESS: STREET 1: 27700B SW PARKWAY AVE CITY: WILSONVILLE STATE: OR ZIP: 97070 BUSINESS PHONE: 5036858888 MAIL ADDRESS: STREET 1: 27700B SW PARKWAY AVE CITY: WILSONVILLE STATE: OR ZIP: 97070 FORMER COMPANY: FORMER CONFORMED NAME: IN FOCUS SYSTEMS INC DATE OF NAME CHANGE: 19930328 8-K 1 a04-15289_18k.htm 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):  December 20, 2004

 

 

INFOCUS CORPORATION

(Exact name of registrant as specified in its charter)

 

 

Commission File Number: 000-18908

 

 

Oregon

93-0932102

(State or other jurisdiction of incorporation
or organization)

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

 

27700B SW Parkway Avenue, Wilsonville, Oregon

97070

(Address of principal executive offices)

(Zip Code)

 

Registrant’s telephone number, including area code:  503-685-8888

 

 

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))

 

 


 

INFOCUS CORPORATION

FORM 8-K

INDEX

 

 

Item

 

Description

 

Page

 

 

 

 

 

Item 8.01

 

Other Events

 

2

 

 

 

 

 

Signatures

 

 

 

3

 

 

1


 

Item 8.01 Other Events

 

The Compensation Committee of the Board of Directors of InFocus Corporation (the “Company”) has approved an acceleration of vesting of employee stock options with an option price greater than $11.21 (the “Acceleration”). The Acceleration is effective for employee stock options outstanding as of December 20, 2004. Options for 585,727 shares, or 11% of the total outstanding options with varying remaining vesting schedules, were subject to the Acceleration and became immediately exercisable.

 

As a result of the Acceleration, the Company expects to reduce its exposure to the effects of the Financial Accounting Standards Board (“FASB”) new standard requiring companies to recognize stock-based compensation expense associated with stock options based on the fair value method. The recently issued FASB standard is effective beginning the second half of fiscal year 2005. The Company currently estimates a reduction in stock-based compensation expense associated with the Acceleration of approximately $1.2 million for the last six months of 2005 and $0.5 million for fiscal 2006. The Acceleration was approved by the Compensation Committee of the Board of Directors in order to realize the expected reduction in future compensation expense.

 

 

2


 

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.

 

 

Date:   December 23, 2004  

INFOCUS CORPORATION

 

 

 

 

By:

/s/ C. Kyle Ranson

 

 

 

C. Kyle Ranson

 

 

President and Chief Executive Officer

 

 

(Principal Executive Officer)

 

 

 

 

 

 

 

By:

/s/ Michael D. Yonker

 

 

 

Michael D. Yonker

 

 

Executive Vice President, Chief Financial Officer and
Secretary

 

 

(Principal Financial Officer)

 

 

3

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