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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): March 29, 2021
Everspin Technologies, Inc.
(Exact name of
registrant as specified in its charter)
| Delaware |
|
001-37900 |
|
26-2640654 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
5670 W. Chandler Blvd.
Suite 100
Chandler, Arizona 85226
(Address of principal
executive offices, including zip code)
(480) 347-1111
(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:
| ¨ |
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)) |
Securities registered pursuant to Section 12(b)
of the Act:
| Title of each class |
|
Trading Symbol(s) |
|
Name
of each exchange on which
registered |
| Common Stock, par value $0.0001 |
|
MRAM |
|
The
Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933(§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act.
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers. |
On March 29, 2021, Daniel Berenbaum notified
Everspin Technologies, Inc. (the “Company”) of his decision to resign as Chief Financial Officer of the Company. Mr. Berenbaum’s
last day with the Company is expected to be on April 16, 2021. Mr. Berenbaum’s resignation is for personal reasons and
is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
In connection with Mr. Berenbaum’s
resignation, the Company has appointed Aparna Oka to serve as the Company’s principal financial officer and principal accounting
officer on an interim basis, effective April 16, 2021, while the Company conducts a search for its next Chief Financial Officer.
Ms. Oka currently serves as Corporate Controller of the Company.
Ms. Oka, age 44, has served as Corporate
Controller of the Company since December 2020 and as Senior Manager Technical Accounting from November 2018 to December 2020.
From November 2016 to July 2018, Ms. Oka served as Controller for G100 Companies, a management consulting company, where
she was responsible for accounting and financial reporting matters. From November 2004 to May 2016, Ms. Oka served in various
finance management and controller positions at American Express, a financial services company, where she was responsible for financial
reporting and related matters. Ms. Oka received her Master of Business Administration from the W.P. Carey School of Business at Arizona
State University and her Bachelor of Commerce in Accounting and Finance from the Brihan Maharashtra College of Commerce in Pune, India.
Ms. Oka is also a certified public accountant (USA) and a Chartered Accountant (India).
There are no arrangements or understandings between
Ms. Oka and any other person pursuant to which she was appointed to serve as the Company’s principal financial officer and
principal accounting officer. There are also no family relationships between Ms. Oka and any director or executive officer of the
Company, and Ms. Oka does not have a direct or indirect material interest in any “related party” transaction required
to be disclosed pursuant to Item 404(a) of Regulation S-K.
As of the date of this Current Report on Form 8-K,
no new compensatory arrangements have been entered into with Ms. Oka in connection with her appointment as the Company’s principal
financial officer and principal accounting officer.
On April 1, 2021, the Company issued a press
release announcing the above, a copy of which is attached hereto as Exhibit 99.1.
| Item 9.01. | Financial Statements and Exhibits. |
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.
| |
Everspin Technologies, Inc. |
| Dated: April 1, 2021 |
|
| |
|
|
| |
By: |
/s/ Darin Billerbeck |
| |
|
Darin Billerbeck |
| |
|
Interim Chief Executive Officer |
