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 2, 2014
Unwired Planet, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 001-16073 | 94-3219054 | ||
(State or other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
170 South Virginia Street, Suite 201
Reno, Nevada 89501
(Address of Principal Executive Offices) (Zip Code)
(775) 980-2345
(Registrants telephone number, including area code)
N/A
(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 June 2, 2014, the Board of Directors of Unwired Planet, Inc. (the Company) appointed Philip A. Vachon as the Companys principal executive officer, replacing Eric Vetter in that role. Mr. Vetter will continue as the Companys President, Chief Financial Officer and Chief Administrative Officer.
Mr. Vachon, age 57, has served as one of the Companys directors since June 2013 and as Chairman of the Board of Directors of the Company since July 2013. In 2009, Mr. Vachon co-founded IPMG AG, a privately-held global intellectual property licensing firm, where he currently serves as a director. Mr. Vachon served as President of Liberate International, a software and services firm that serviced the telecommunications industry, from 2003 to 2007. Mr. Vachon previously served on the board of directors of Hostess Brands from 2007 to 2009.
Also effective as of June 2, 2014, Dallas Clement was elected to the Board of Directors of the Company to serve as a Class I director, which class of directors shall serve until the 2014 annual meeting of stockholders.
As a newly elected non-employee director, Mr. Clement will be entitled to receive equity compensation for his services on the Board of Directors of the Company, as described under the caption Director Compensation in the proxy statement relating to the Companys 2013 Annual Meeting of stockholders, filed with the Securities and Exchange Commission on October 1, 2013. Pursuant to the Companys Second Amended and Restated 1999 Directors Equity Compensation Plan, upon his election to the Board of Directors, the Company granted Mr. Clement non-qualified stock options to purchase 24,000 shares of the Companys common stock and 18,000 restricted stock units. The options and restricted stock units vest over a three-year period beginning on the grant date in equal annual installments, contingent upon continued service on the Board of Directors of the Company, and the options will have an exercise price per share equal to the closing price of the common stock of the Company on the Nasdaq Global Market of The Nasdaq Stock Market on the grant date.
On June 3, 2014, the Company issued a press release regarding Mr. Clements election. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits. |
99.1 | Press Release issued by Unwired Planet, Inc. on June 3, 2014. |
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 hereunto duly authorized.
Unwired Planet, Inc. | ||||||||
Dated: June 3, 2014 | By: | /s/ Eric Vetter | ||||||
Name: | Eric Vetter | |||||||
Title: | President and Chief Financial Officer |
EXHIBIT INDEX
Exhibit |
Description | |
99.1 | Press Release issued by Unwired Planet, Inc. on June 3, 2014. |
Exhibit 99.1
DALLAS CLEMENT JOINS UNWIRED PLANET BOARD OF DIRECTORS
RENO, NV June 3, 2014 Unwired Planet, (NASDAQ: UPIP), today announced that Dallas Clement was appointed to the companys board of directors. Mr. Clement is executive vice president and chief financial officer for Cox Automotive, a $4.4 billion annual revenue worldwide automotive marketplace provider. In this role, Mr. Clement leads all of the companys finance functions, as well as legal, corporate development, strategy and investor relations activities.
Dallas brings considerable skills in strategic and financial planning, plus an increased level of investor communications focus to our board, said Phil Vachon, Chairman of the Unwired Planet board. His experience and insight in these areas will be invaluable as we continue to plan and execute our growth strategy. I am personally looking forward to working with Dallas and on behalf of my fellow board members, employees and shareholders welcome him to the Unwired Planet board.
Previously, Mr. Clement served in several leadership positions spanning 20 years at Cox Communications, leading Coxs strategy and product management organizations. As the executive vice president and chief strategy and product management officer, Mr. Clement led the development of the companys long-term planning process, steered Cox to new industries and businesses and provided leadership across the companys product lines. He also spearheaded Coxs early wireless strategy and oversaw the execution of spectrum acquisition, business model evaluation, team development, wholesale negotiations, network build and go-to-market positioning. Mr. Clement serves as a director of Airo, a wireless device company and is also a named inventor with patents in the communications sector.
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Mr. Clement received a Bachelor of Arts in applied mathematics and economics from Harvard College and holds a Master of Science in engineering-economic systems from Stanford University.
The Unwired Planet board now consists of seven members. For further information and biographies of our board members please consult our website at http://www.unwiredplanet.com.
About Unwired Planet
Unwired Planet, Inc. (NASDAQ: UPIP) is the inventor of the Mobile Internet and a premier intellectual property company focused exclusively on the mobile industry. The companys patent portfolio of over 2,500 issued and pending US and foreign patents, includes technologies that allow mobile devices to connect to the Internet and enable mobile communications. The portfolio spans 2G, 3G, and 4G technologies, as well as cloud-based mobile applications and services. Unwired Planets portfolio includes patents related to key mobile technologies, including baseband mobile communications, mobile browsers, mobile advertising, push notification technology, maps and location based services, mobile application stores, social networking, mobile gaming, and mobile search. Unwired Planet is headquartered in Reno, Nevada. References in this release to Unwired Planet may be to Unwired Planet, Inc. or its subsidiaries.
Cautionary Note Regarding Forward Looking Statements
Any statements in this press release with respect to future events or expectations, including statements regarding the Companys licensing activities and expectations regarding enhancing shareholder value are forward-looking statements within the meaning of Section 21E of the
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Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933. These forward-looking statements are subject to many risks and uncertainties that could cause actual results to differ materially from those projected. Notwithstanding changes that may occur with respect to matters relating to any forward looking statements, Unwired Planet assumes no obligation to update the forward-looking statements included in this press release. For a detailed discussion of these and other factors that may cause these forward looking statements not to come true, please refer to the risk factors discussed in Unwired Planets filings with the U.S. Securities and Exchange Commission, including the companys Annual Report on Form 10-K for the fiscal year ended June 30, 2013. These documents are available at www.sec.gov or from Unwired Planets website at www.unwiredplanet.com.
Media Inquiries:
Unwired Planet:
The Blueshirt Group
Mike Bishop
Tel: +1 415-217-4968
E-mail: mike@blueshirtgroup.com
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