0000873044-14-000012.txt : 20140122 0000873044-14-000012.hdr.sgml : 20140122 20140121200424 ACCESSION NUMBER: 0000873044-14-000012 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20140120 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20140122 DATE AS OF CHANGE: 20140121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RADISYS CORP CENTRAL INDEX KEY: 0000873044 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 930945232 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26844 FILM NUMBER: 14538999 BUSINESS ADDRESS: STREET 1: 5435 NE DAWSON CREEK DR CITY: HILLSBORO STATE: OR ZIP: 97124 BUSINESS PHONE: 5036151100 MAIL ADDRESS: STREET 1: 5435 NE DAWSON CREEK DRIVE CITY: HILLSBORO STATE: OR ZIP: 97124 8-K 1 a12020148-k.htm 8-K 1.20.2014 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): January 16, 2014



RADISYS CORPORATION
(Exact name of registrant as specified in its charter)




Oregon
0-26844
93-0945232
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)




5435 NE Dawson Creek Drive
 
Hillsboro, Oregon
97124
(Address of Principal Executive Offices)
(Zip Code)

Registrant's telephone number, including area code: (503) 615-1100

No Change
(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:

[ ] 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.

On January 16, 2014, David Nierenberg, a member of the Board of Directors of Radisys Corporation (the “Company”) notified the Company of his intention to resign from the Company's Board of Directors, effective January 17, 2014. Mr. Nierenberg did not advise the Company of any disagreement with the Company on any matter relating to its operations, policies or practices and laid out his reasons for resigning in the attached press release. Effective upon Mr. Nierenberg's resignation as a director, the size of the Company's Board of Directors will be reduced from eight to seven directors.







Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number
 
Description
 
 
 
99.1
 
Press Release, dated January 20, 2014.






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.


 
 
 
RADISYS CORPORATION
Date:
January 21, 2014
 
By:
/s/ Allen Muhich
 
 
 
 
Allen Muhich
 
 
 
 
Chief Financial Officer and Vice President of Finance






EXHIBIT INDEX
Exhibit Number
 
Description
 
 
 
99.1
 
Press Release, dated January 20, 2014.



EX-99.1 2 a1202014newsrelease.htm EXHIBIT 1.20.2014 News Release


Exhibit 99.1
                                
                                                            
For more information, contact:
Allen Muhich
Chief Financial Officer
503-615-1616
allen.muhich@radisys.com

RADISYS ANNOUNCES BOARD RESIGNATION
HILLSBORO, OR - January 20, 2014 - Radisys Corporation (NASDAQ: RSYS), a market leader providing wireless infrastructure solutions for telecom, aerospace and defense applications, announces the resignation of David Nierenberg from its Board of Directors, effective January 17, 2014.
“When I joined the Radisys Board of Directors back in early 2011, I intended to leverage my experience in corporate strategy, corporate governance and business consulting to help shape the company’s strategic direction and long term objectives,” commented Mr. Nierenberg. “In partnership with the full Radisys board, we have made meaningful progress over the last three years and have set the company in the right direction:

The company has reduced its cost structure by nearly 35% since late 2011, significantly enhancing its competitiveness while at the same time preserving investment in key growth technologies;
We have charted a strategic direction that is expected to ultimately yield sustainable long term profit growth;
We have added significant telecom market experience to the Board of Directors, greatly enhancing our ability to meet the requirements of the dynamic telecommunications market; and
The current management and Board team is the best that I have seen throughout my 10 years of interaction with the company and I feel confident they will successfully execute the strategy.

Given our progress, I want to turn my attention to other matters outside of Radisys knowing the company retains a strong strategic direction, a talented management team and an experienced Board of Directors.”

Scott Gibson, Radisys Chairman of the Board of Directors commented, “I want to thank David for his leadership and the significant contributions he has made to the company. His efforts have helped position the company for greater long-term success in 2014 and beyond.” Radisys will not backfill Mr. Nierenberg’s board seat and therefore effective today Radisys' board will consist of six independent directors plus Brian Bronson, Radisys President and Chief Executive Officer.

About Radisys
Radisys (NASDAQ: RSYS) is a market leader enabling wireless infrastructure solutions for telecom, aerospace, and defense applications. Radisys' market-leading ATCA, MRF (Media Resource Function), COM Express, and Network Appliance platforms coupled with Trillium Software and services enable customers to bring high-value products and services to market faster with lower investment and risk.

Radisys® and Trillium® are registered trademarks of Radisys.





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