0001564590-21-057693.txt : 20211119 0001564590-21-057693.hdr.sgml : 20211119 20211119065351 ACCESSION NUMBER: 0001564590-21-057693 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20211119 FILED AS OF DATE: 20211119 DATE AS OF CHANGE: 20211119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UTSTARCOM HOLDINGS CORP. CENTRAL INDEX KEY: 0001030471 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 521782500 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35216 FILM NUMBER: 211426355 BUSINESS ADDRESS: STREET 1: 4TH FLOOR, SOUTH WING, 368 LIUHE ROAD STREET 2: BINJIANG DISTRICT CITY: HANGZHOU, P.R. STATE: F4 ZIP: NA BUSINESS PHONE: 86 571 8192 8888 MAIL ADDRESS: STREET 1: 4TH FLOOR, SOUTH WING, 368 LIUHE ROAD STREET 2: BINJIANG DISTRICT CITY: HANGZHOU, P.R. STATE: F4 ZIP: NA FORMER COMPANY: FORMER CONFORMED NAME: UTSTARCOM INC DATE OF NAME CHANGE: 19970110 6-K 1 utsi-6k_20211119.htm 6-K utsi-6k_20211119.htm

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

_______________________

FORM 6-K
_______________________

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

For the month of November 2021

Commission File Number: 001-35216


_______________________

UTSTARCOM HOLDINGS CORP.

_______________________

4th Floor, South Wing, 368 Liuhe Road,
Binjiang District, Hangzhou,
P.R. China
(Address of principal executive office)

_______________________

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒         Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes  ☐          No  ☒

 

 

 

 

 

 

 

 

EXHIBIT INDEX

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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.

 

UTStarcom Holdings Corp.

/s/ Dan Xie
Name: Dan Xie
Title:   VP of Global Finance

 

Date: November 19, 2021

 

 

 

 

 

 EX-99.1 2 utsi-ex991_6.htm EX-99.1 utsi-ex991_6.htm

 

 

                                                                           Exhibit 99.1

 

UTStarcom Announces Change to its Board of Directors

Hangzhou, November 19, 2021— UTStarcom (“UT” or the “Company”) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today announced that Ms. Wendong Zhang resigned from the Company’s Board of Directors (the “Board”) effective November 16, 2021 to pursue other business interests.  Ms. Zhang also served on various board committees, including the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee.

 

Following Ms. Zhang’s resignation, Mr. Hao Zheng was appointed as a member of the Board, the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee of the Board, effective November 17, 2021.  Mr. Zheng is the designee of Beijing E-town International Investment Development Co., Ltd. (“BEIID”), pursuant to the stockholders rights agreement entered into by and between the Company and BEIID on February 1, 2010.

 

Mr. Zheng received a professional degree of Master of Engineering in Project Management from Beijing Institute of Technology. Since November 2020, he has been the head of the asset management department of BEIID, in addition to his role as the head of BEIID’s general office since April 2019. Before that, he took various positions at the management committee of Beijing Economic-Technological Development Area.

 

“I am excited to join UTStarcom’s board to serve as a director and members of several committees, and I very much appreciate the opportunity,” said Mr. Zheng. “I look forward to working with other members of the board and senior management team to execute on our business strategies and further explore business opportunities.”

 

Mr. Hua Li, Chief Executive Officer of UTStarcom, was appointed as a member of the Board, effective January 1, 2022, to take the position Dr. Zhaocheng Huang will vacate by that time.

 

“I am excited to be appointed as a member of the Board. I look forward to capitalizing on our growth opportunities in front of us and driving shareholder value.” commented Mr. Li.

 

“I would like to thank Ms. Zhang and Dr Huang for their contributions to the Board and the Company”, said Mr. Ning Shan, Chairman of the Board, “I believe the new members of the Board will help the Company to make progress on new business opportunities.”

 

About UTStarcom Holdings Corp.

UTStarcom is committed to helping network operators offer their customers the most innovative, reliable and cost-effective communication services. UTStarcom offers high performance advanced equipment optimized for the most rapidly growing network functions, such as mobile backhaul, metro aggregation

 

and broadband access. UTStarcom has operations and customers around the world, with a special focus on Japan, India and China. UTStarcom was founded in 1991 and listed its shares on the Nasdaq Market in 2000 (symbol: UTSI). For more information about UTStarcom, please visit http://www.utstar.com.

 

For investor and media inquiries, please contact:

UTStarcom Holdings Corp.
Tel: +86 571 8192 8888
Ms. Shelley Jiang, Investor Relations
Email: utsi-ir@utstar.com /  shelleyjiang@utstar.com

The Blueshirt Group

Mr. Gary Dvorchak

Email: gary@blueshirtgroup.com