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): March 12, 2014
EXA CORPORATION
(Exact Name of Registrant as Specified in Charter)
| Delaware | 001-35584 | 04-3139906 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification Number) |
55 Network Drive, Burlington, Massachusetts 01803
(Address of principal executive offices) (Zip Code)
(781) 564-0200
(Registrant’s telephone number, including area code)
Not Applicable
(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 (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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements with Certain Officers.
On March 12, 2014, John F. Smith, Jr. notified us that he intends to retire from our Board of Directors, effective as of our Annual Meeting of Stockholders scheduled for June 10, 2014. Mr. Smith has served as a member of our Board of Directors since 2007. His decision to retire was for personal reasons and not as a result of any disagreement with us on any matter related to our operations, policies or practices.
A copy of our press release dated March 18, 2014 announcing Mr. Smith’s retirement is attached as Exhibit 99.1 to this Current Report.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
| 99.1 | Press Release, dated March 18, 2014, entitled “Exa Announces John F. Smith, Jr., to Retire as Director.” |
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 thereunto duly authorized.
| EXA CORPORATION | ||
| By: | /s/ Stephen A. Remondi | |
| Stephen A. Remondi | ||
| Chief Executive Officer and President | ||
Date: March 18, 2014
Exhibit 99.1
Exa Corporation Announces John F. Smith, Jr. to Retire as a Director
BURLINGTON, Mass., Mar. 18, 2014 (GLOBE NEWSWIRE) — Exa® Corporation (Nasdaq:EXA), a global innovator of fluids simulation solutions for product engineering, announced that John F. Smith, Jr., has notified the company that he intends to retire as a member of the company’s Board of Directors, effective at the company’s Annual Meeting of Stockholders to be held on June 10, 2014. Mr. Smith, who had served as a Director of the company since November 2007, is the retired Chairman of the Board of Directors of General Motors Company, a position he held from 1996 to 2003. Mr. Smith also held a variety of other positions at General Motors, including Chief Executive Officer from 1992 to 2000.
Stephen Remondi, Chief Executive Officer of Exa Corporation, remarked, “We have been fortunate to have Jack’s advice and counsel for the last seven years. His broad management experience and deep knowledge of the transportation industry have been invaluable in helping Exa to grow from a privately held company focused on the automotive market to a public company providing simulation software and services to improve the efficiency of design and engineering processes in the broader transportation industry and beyond.”
Mr. Smith commented, “It has been a privilege to work with the Board of Directors and the talented management team at Exa. Exa’s unique technology has the potential to transform the product development process, not only in the transportation industry but in other markets that face similar problems, including the aerospace and oil and gas production industries, among others. I look forward to watching Exa continue to capitalize on this exciting opportunity.”
About Exa Corporation
Exa Corporation develops, sells and supports simulation software and services to enhance product performance, reduce product development costs and improve the efficiency of design and engineering processes. Our simulation solutions enable our customers to gain crucial insights about design performance early in the design cycle, thus reducing the likelihood of expensive redesigns and late-stage engineering changes. As a result, our customers realize significant cost savings and fundamental improvements in their engineering development process. Our products include, PowerFLOW®, PowerDELTA®, PowerCLAY®, PowerVIZ®, PowerSPECTRUM®, PowerACOUSTICS®, PowerINSIGHT®, PowerCOOL® and PowerTHERM® along with professional engineering consulting services. A partial customer list includes: BMW, Ford, Hyundai, Jaguar Land Rover, Kenworth, MAN, Nissan, Peterbilt, Renault, Scania, Toyota, Volkswagen, and Volvo Trucks.
Founded in 1991, the company is headquartered at 55 Network Drive, Burlington, MA, USA 01803. Tel: 1.781.564.0200; Fax: 1.781.564.0299; Email: info@exa.com; URL: www.exa.com;
Exa, PowerFLOW, PowerCLAY, PowerTHERM, PowerCOOL, PowerSPECTRUM, PowerDELTA, PowerVIZ, PowerACOUSTICS and PowerINSIGHT are registered trademarks of Exa Corporation.
For more information about Exa Corporation please contact:
Media Contact:
Michelle Murray-Ross, Exa Corporation
+1 (781) 564-0251
michelle@exa.com
Investor Relations Contact:
Garo Toomajanian, ICR
+1 (781) 564-0337
investor@exa.com