0000873044-14-000100.txt : 20140626 0000873044-14-000100.hdr.sgml : 20140626 20140623142209 ACCESSION NUMBER: 0000873044-14-000100 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20140617 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20140623 DATE AS OF CHANGE: 20140623 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: 14934858 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 a062320148-k.htm 8-K 06.23.2014 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): June 17, 2014



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



Oregon
0-26844
93-0945232
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)



5435 NE Dawson Creek Drive, Hillsboro, Oregon
97124
(Address of principal executive offices)
(Zip Code)

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

Not Applicable
(Former name and 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 (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 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

Mr. Kevin C. Melia, an independent director of Radisys Corporation (the “Company”), died unexpectedly on June 17, 2014. Mr. Melia served as a member of the Company's audit committee and as chairman of the compensation and development committee.
On June 18, 2014, the Company notified The NASDAQ Stock Market, LLC (“NASDAQ”) of Mr. Melia's unexpected death, and that the Company has determined to rely on the cure period set forth in Listing Rule 5605(c)(4)(B) of the NASDAQ Listing Rules with respect to the requirement set forth in Listing Rule 5605(c)(2)(A) that the Company's audit committee be comprised of at least three independent directors.
In order to regain compliance with Listing Rule 5605(c)(2)(A), the Company's board of directors has appointed Lorene K. Steffes, an independent director of the Company, to serve as a member of the audit committee effective immediately.


Item 7.01 Regulation FD.

On June 20, 2014, the Company issued a press release announcing that Kevin C. Melia, a director of the Company since July 2003, passed away. As a result, the Board of Directors of the Company, upon the recommendation of the Nominating and Corporate Governance Committee of the Company, decreased the size of the Board of Directors of the Company to six members. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated into this Item 7.01 by reference.


Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.
 
Exhibit
 
 
 
99.1
 
Press release, dated as of June 20, 2014






SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
 
RADISYS CORPORATION
Date:
June 23, 2014
 
By:
/s/ Allen Muhich
 
 
 
Name:
Allen Muhich
 
 
 
Title:
Chief Financial Officer and Vice President of Finance (Principal Financial and Accounting Officer)







Exhibit Index
Exhibit No.
 
Exhibit
 
 
 
99.1
 
Press release, dated as of June 20, 2014




EX-99..01 2 exhibit991-62014pressrelea.htm 06-20-14 PRESS RELEASE Exhibit 99.1 - 6.20.14 Press Release


Exhibit 99.1
    NEWS RELEASE

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


HILLSBORO, OR - June 20, 2014 - Radisys Corporation (“Radisys”) (NASDAQ: RSYS), a market leader providing wireless infrastructure solutions for telecom, aerospace and defense applications, announced today that it is deeply saddened by the passing of Kevin C. Melia, a veteran independent director who had served in that capacity since July 2003. Mr. Melia was an integral member of Radisys’ Board of Directors and served on the company’s audit committee and as chairman of the company’s compensation and development committee.

Scott Gibson, Radisys’ Chairman of the Board of Directors commented, “Kevin served as an integral part of this company’s Board of Directors for over a decade. He maintained a keen focus on the strategic and operational issues for the company, while at the same time never ceasing to champion the interests of shareholders. More important than Kevin’s wise counsel, however, is that he was a valued friend of our company. The entire Radisys team extends its deepest sympathies to his family.”

Radisys will not backfill Mr. Melia’s board seat and therefore effective today the Radisys board will consist of five independent directors plus Brian Bronson, Radisys’ President and Chief Executive Officer. As a result of Mr. Melia’s passing, the Board of Directors has appointed Lorene K. Steffes to serve on the audit committee and to serve as chairperson of the compensation and development committee.

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.

1
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