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) March 31, 2022

MicroVision, Inc.

(Exact name of registrant as specified in its charter)

Delaware	001-34170	91-1600822
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

6244 185^th Avenue NE, Suite 100

Redmond, Washington 98052

(Address of principal executive offices) (Zip code)

(425) 936-6847

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 $0.001 per share	MVIS	The NASDAQ Stock Market

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  ☐

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 31, 2022, the Board of Directors of MicroVision, Inc. elected Jeffrey Herbst to serve as a member of the Board effective April 1, 2022.

Mr. Herbst, age 57, is Co-Founding Managing Partner of GFT Ventures, a venture capital firm focused on investing in early-stage technology companies primarily located in the U.S. and Israel. Prior to launching GFT Ventures, Mr. Herbst served in various roles at NVIDIA Corporation from December 2001 to July 2021, most recently serving as Vice President of Business Development where he built an ecosystem of accelerated computing applications spanning the domains of AI, data science, autonomous machines, and graphics and visualization. Prior to that, he was a partner with the Wilson Sonsini law firm in Palo Alto, California. Mr. Herbst holds a J.D. degree from Stanford University and a B.S. degree with honors in computer science from Brown University.

A description of the compensation payable to Mr. Herbst for his services as a director is set forth under the caption “Director Compensation for 2020” in the MicroVision definitive proxy statement dated April 7, 2021.

With Mr. Herbst’s appointment, the number of directors on MicroVision’s Board will increase to eight.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits.

Pursuant to the rules and regulations of the SEC, the attached exhibit is deemed to have been furnished to, but not filed with, the SEC.

Exhibit     No.	Description
99.1	Press Release of MicroVision, Inc. dated April 4, 2022
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

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.

MICROVISION, INC.
By:	/s/ Drew G. Markham
	Drew G. Markham
	Vice President, General Counsel and Secretary

Dated: April 4, 2022

EX-99.1

Exhibit 99.1

MicroVision Appoints Jeffrey Herbst to Board of Directors

REDMOND, WA / ACCESSWIRE / April 4, 2022 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced that Jeffrey Herbst has been appointed to the company’s Board of Directors.

“We are delighted to add Jeff to the MicroVision Board,” said Brian Turner, Chair of the Board. “Jeff brings over thirty years of operational, business development, venture capital and M&A experience to MicroVision. His innovative work supporting the automotive industry, through strategic partnerships and investments, while at NVIDIA will be highly relevant and valuable as we optimize MicroVision’s position in the ADAS market and continue to execute our strategy.”

Herbst spent nearly twenty years at NVIDIA where he built and managed an ecosystem of accelerated computing applications spanning the domains of AI, data science, autonomous machines, and graphics and visualization. While there, he created the NVIDIA GPU Ventures program, overseeing more than 40 global investments and 20 acquisitions valued at over $8 billion, and led the NVIDIA Inception global startup accelerator comprised of more than 8,000 AI, data science and high-performance computing companies. He later co-founded GFT Ventures, a venture capital firm focused on investing in early-stage frontier technology companies primarily located in the U.S. and Israel. He holds a law degree from Stanford University and a bachelor’s degree in computer science from Brown University.

“I’m both delighted and honored to join the MicroVision Board,” said Herbst. “My passion for the automotive ecosystem runs deep, especially relating to the technology powering the next generations of safer, smarter, more efficient, and ultimately autonomous vehicles. I look forward to working with the MicroVision directors and management to help position the company for long term success in the automotive lidar and ADAS markets.”

About MicroVision

MicroVision is a pioneering company in MEMS based laser beam scanning technology that integrates MEMS, lasers, optics, hardware, algorithms and machine learning software into its proprietary technology to address existing and emerging markets. The Company’s integrated approach uses its proprietary technology today to develop automotive lidar sensors and provide solutions for advanced driver-assisted systems (ADAS), leveraging its experience building augmented reality micro-display engines, interactive display modules and consumer lidar modules.

For more information, visit the Company’s website at www.microvision.com, on Facebook at www.facebook.com/microvisioninc or follow MicroVision on Twitter at @MicroVision.

MicroVision is a trademark of MicroVision, Inc. in the United States and other countries. All other trademarks are the properties of their respective owners.

Investor Relations Contact

Jeff Christensen and Matt Kreps

Darrow Associates Investor Relations

MVIS@darrowir.com

SOURCE: MicroVision, Inc.

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Document and Entity Information	Mar. 31, 2022
Cover [Abstract]
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Entity Central Index Key	0000065770
Document Type	8-K
Document Period End Date	Mar. 31, 2022
Entity Registrant Name	MicroVision, Inc.
Entity Incorporation State Country Code	DE
Entity File Number	001-34170
Entity Tax Identification Number	91-1600822
Entity Address, Address Line One	6244 185th Avenue NE
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	Redmond
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98052
City Area Code	(425)
Local Phone Number	936-6847
Written Communications	false
Soliciting Material	false
Pre Commencement Tender Offer	false
Pre Commencement Issuer Tender Offer	false
Security 12b Title	Common stock, par value $0.001 per share
Trading Symbol	MVIS
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false