0001193125-15-127605.txt : 20150413 0001193125-15-127605.hdr.sgml : 20150413 20150413164249 ACCESSION NUMBER: 0001193125-15-127605 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20150413 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150413 DATE AS OF CHANGE: 20150413 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNWIRED PLANET, INC. CENTRAL INDEX KEY: 0001082506 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 943219054 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16073 FILM NUMBER: 15767103 BUSINESS ADDRESS: STREET 1: 170 SOUTH VIRGINIA STREET, SUITE 201 CITY: RENO STATE: NV ZIP: 89501 BUSINESS PHONE: 775-980-2345 MAIL ADDRESS: STREET 1: 170 SOUTH VIRGINIA STREET, SUITE 201 CITY: RENO STATE: NV ZIP: 89501 FORMER COMPANY: FORMER CONFORMED NAME: OPENWAVE SYSTEMS INC DATE OF NAME CHANGE: 20001121 FORMER COMPANY: FORMER CONFORMED NAME: PHONE COM INC DATE OF NAME CHANGE: 19990504 FORMER COMPANY: FORMER CONFORMED NAME: UNWIRED PLANET INC DATE OF NAME CHANGE: 19990324 8-K 1 d910558d8k.htm FORM 8-K Form 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): April 13, 2015

 

 

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

(Registrant’s 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 April 13, 2015, Unwired Planet, Inc. (the “Company”) announced that Boris Teksler would be joining the Company as Chief Executive Officer (“CEO”) of the Company. The Board of Directors (the “Board”) of the Company entered into an offer letter (the “Offer Letter”) on April 2, 2015 with Mr. Teksler for the position of CEO and President of the Company. Mr. Teksler’s employment with the Company will begin on June 1, 2015, unless an earlier start date is mutually agreed upon (the “Start Date”).

Mr. Teksler, age 44, has been the Senior Executive Vice President and President of the Technology Business Group at Technicolor since June 2013. Prior to Technicolor, from 2009 to 2013, he was the head of Patent Licensing and Strategy at Apple Inc. Mr. Teksler holds a B.S. in Computer Science from University of California, Davis.

Under the terms of the Offer Letter, Mr. Teksler will be paid a base salary at the rate of $1,000,000 per year and a one-time signing bonus of $100,000. In addition, the Board is expected to approve, in advance of the Start Date, the grant of an option to acquire shares of the Company’s common stock representing 4.5% of the Company’s issued and outstanding shares of common stock as of the date of Board approval, to be effective as of the Start Date. Mr. Teksler’s employment with the Company shall be at will, terminable by either the Company or Mr. Teksler at any time and for any reason, with or without cause; provided that in the event Mr. Teksler’s employment is terminated by the Company without cause (other than as a result of his death or disability) or by him for good reason, Mr. Teksler will be entitled to certain severance benefits, including continuation of his base salary for a period of twelve months. If a change in control of the Company occurs prior to the Start Date, Mr. Teksler will be entitled to certain benefits and payments under the Offer Letter.

Other than as set out in the Offer Letter, there are (a) no understandings or arrangements between Mr. Teksler and any other person pursuant to which he will be appointed as CEO and President of the Company and (b) Mr. Teksler has no material interest in any transaction or proposed transaction in which the Company is or is to be a party. Mr. Teksler has no family relationship with any director or executive officer of the Company.

In addition to serving as CEO and President, Mr. Teksler is expected to be nominated and appointed to serve as a director on the Company’s Board on or after the Start Date.

 

Item 7.01 Regulation FD Disclosure.

In connection with the Offer Letter with Mr. Teksler, the Company issued a press release on April 13, 2015, a copy of which is attached hereto as Exhibit 99.1.

The information furnished by the Company pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that section, and shall not be deemed to be incorporated by reference into any filing under the under the Securities Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended.

 

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

 

99.1 Press Release issued by Unwired Planet, Inc. on April 13, 2015.


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.
By:

/s/ Dean Witter III

Dated: April 13, 2015 Name: Dean Witter III
Title: Chief Financial Officer


EXHIBIT INDEX

 

Exhibit No.

  

Description

99.1    Press Release issued by Unwired Planet, Inc. on April 13, 2015.
EX-99.1 2 d910558dex991.htm EXHIBIT 99.1 Exhibit 99.1

Exhibit 99.1

Unwired Planet Appoints Chief Executive Officer

 

LOGO

BORIS TEKSLER JOINS UNWIRED PLANET AS CHIEF EXECUTIVE OFFICER

RENO, NV – April 13, 2015 – Unwired Planet, Inc. (NASDAQ: UPIP) today announced that Boris Teksler will join the company as chief executive officer, effective June 1, 2015. Mr. Teksler will also become a member of the board of directors.

Mr. Teksler is currently senior executive vice president and president of the Technology Business Group at Technicolor, a worldwide technology leader in the media and entertainment sector. Prior to that, Mr. Teksler, as head of Apple Inc.’s Patent Licensing & Strategy, was instrumental in driving Apple’s intellectual property initiatives.

“Boris’s substantial experience leading the development and implementation of intellectual property strategies for some of the industry’s most innovative, prominent, and successful companies makes him the ideal person to lead Unwired Planet in the realization of the value of its intellectual property assets,” said Phil Vachon, chairman of the board. “I am confident Boris’s creativity and licensing expertise -- particularly in the mobile sector -- developed over his long tenure in the technology industry will be transformational for Unwired Planet.”

“Unwired Planet holds a rich and unique portfolio of patents covering critical commercial technology stemming from its pioneering research in network access and cloud computing for mobile devices, and a diverse portfolio of standard essential patents,” said Mr. Teksler. “My goal is to lead the company in developing new, effective, and efficient licensing strategies to unlock the equitable value of our technology for shareholders.”

Mr. Teksler has spent his career in technology and intellectual property. Before his tenure at Apple, he co-founded the Intellectual Property Licensing Business at Hewlett-Packard Company. During his career at HP, Mr. Teksler held several roles in senior management and research and development including General Manager of Mobility and Access Solutions. He holds a degree in Computer Science from the University of California, Davis.

 

1


Unwired Planet Appoints Chief Executive Officer

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 company’s patent portfolio of approximately 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 Planet’s 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.

For More Information:

Mike Bishop

The Blueshirt Group

mike@blueshirtgroup.com

Tel: 415-217-4968

 

2

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