-----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, NlaYIj2bZrgK4qzgrKrHxTS4e46/L5vpLZ0ovprHGgHC3k0RBKPSC4j/+xU2mYwz ul0B//wKtPSNUGNy+88lxA== 0000950124-04-005860.txt : 20041119 0000950124-04-005860.hdr.sgml : 20041119 20041119134107 ACCESSION NUMBER: 0000950124-04-005860 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041115 ITEM INFORMATION: Other Events FILED AS OF DATE: 20041119 DATE AS OF CHANGE: 20041119 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: 041157318 BUSINESS ADDRESS: STREET 1: 5445 NE DAWSON CREEK DR CITY: HILLSBORO STATE: OR ZIP: 97124 BUSINESS PHONE: 5036461800 MAIL ADDRESS: STREET 1: 5445 NE DAWSON CREEK DRIVE CITY: HILLSBORO STATE: OR ZIP: 97124 8-K 1 v03504e8vk.htm FORM 8-K e8vk
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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): November 15, 2004

 

RADISYS CORPORATION

(Exact name of registrant as specified in its charter)

 

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

 

         
5445 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:

     
o   Written communications pursuant to Rule 425 under the Securities Act
     
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
     
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

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Item 8.01. Other Events.
SIGNATURE

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Item 8.01. Other Events.

     The Compensation and Development Committee of the Board of Directors of RadiSys Corporation (the “Company”) has approved an acceleration of vesting of employee stock options with an option price greater than $15.99 (the “Acceleration”). The Acceleration is effective for employee stock option grants outstanding as of November 12, 2004. Approximately 1.1 million options or 27% 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”) proposal to require companies to recognize stock-based compensation expense associated with stock options based on the fair value method. The FASB proposal is expected to be 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 $2.1 million for the last six months of 2005 and $3.7 million for the year ended December 31, 2006.

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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 thereunto duly authorized.

                         
            RADISYS CORPORATION
            an Oregon corporation
             
             
Date:   November 19, 2004   By:   /s/ Julia Harper    
           
 
 
           Name:   Julia Harper
 
           Title:   Chief Financial Officer, Vice President Finance
 
                   and Administration, and Secretary
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