-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CWl3XMjEPPwN4ObfgwyGB0q+sOzflV52jnYAF1z2r4M4RzPtMXFjklxnJicPijfn jBnPAR3+5swZ4Z5F5/dUeg== 0000912093-07-000006.txt : 20070409 0000912093-07-000006.hdr.sgml : 20070409 20070409161537 ACCESSION NUMBER: 0000912093-07-000006 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070403 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070409 DATE AS OF CHANGE: 20070409 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JDS UNIPHASE CORP /CA/ CENTRAL INDEX KEY: 0000912093 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 942579683 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22874 FILM NUMBER: 07756503 BUSINESS ADDRESS: STREET 1: 430 NORTH MCCARTHY BOULEVARD CITY: MILPITAS STATE: CA ZIP: 95035 BUSINESS PHONE: 4085465000 MAIL ADDRESS: STREET 1: 430 NORTH MCCARTHY BOULEVARD CITY: MILPITAS STATE: CA ZIP: 95035 8-K 1 form8k040907.htm CURRENT REPORT, ITEMS 5.02 AND 9.01 CURRENT REPORT, ITEMS 5.02 AND 9.01


 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
_________________
 
FORM 8-K
_________________
 
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
 
Date of report (Date of earliest event reported):
April 9, 2007 (April 3, 2007)
 
_________________
 
                                    
 
JDS UNIPHASE CORPORATION
(Exact Name of Registrant as Specified in its Charter)
 
_________________
 
         
Delaware
 
000-22874
 
94-2579683
(State or Other Jurisdiction of
Incorporation or Organization)
 
 
(Commission File Number)
 
(IRS Employer
Identification Number)
 
 
430 North McCarthy Boulevard
Milpitas, California 95035
(Address of Principal Executive Offices, Including Zip Code)
 
(408) 546-5000
(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))
   
 
 

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
 
(b) Effective April 3, 2007 Michael Ricci ceased serving in the position of Senior Vice President, Optical Communications of JDS Uniphase Corporation (the “Company”).  Mr. Ricci’s employment with the Company will terminate on or before May 31, 2007.

(e) Immediately following the termination of Mr. Ricci’s employment with the Company, and conditioned upon the execution of a separation agreement, Mr. Ricci will be entitled to (i) a lump sum severance payment of $150,000 (representing six months of his base salary), (ii) $137,500 (representing half of Mr. Ricci’s fiscal year 2007 Executive Stabilization Program incentive bonus), (iii) up to six months of Company contributions towards COBRA benefits continuation, and (iv) outplacement services with a value not to exceed $5,000.


Item 9.01. Financial Statements and Exhibits.
 
(d)  
 
Exhibits.

 
 
 
 
 
Exhibit No.
 
Description
 
99.1
   
Press release entitled “JDSU Appoints President of Optical Communications Group” dated April 9, 2007.
         
 
 



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.
 
     
  JDS Uniphase Corporation
 
 
 
 
 
 
Date: April 9, 2007 By:   /s/  Christopher S. Dewees
 
Christopher S. Dewees
 
Senior Vice President, Corporate Marketing
and Development and Chief Legal Officer



EXHIBIT INDEX

Exhibit
Number
 
Description
 
99.1
 
 
Press release entitled “JDSU Appoints President of Optical Communications Group” dated April 9, 2007.


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Exhibit 99.1 
 
NEWS RELEASE                                             
 

JDSU APPOINTS PRESIDENT OF OPTICAL COMMUNICATIONS GROUP

Milpitas, California, April 9, 2007 - JDSU today announced the appointment of David Gudmundson as President of Optical Communications. In his new role, Mr. Gudmundson will be responsible for Optical Communications sales, operations and product development, completing the integration of these functions under a single Optical Communications business leader.

Mr. Gudmundson joined JDSU in December 2003. As Senior Vice President of Corporate Development and Marketing, Mr. Gudmundson played an integral role in a number of strategic transactions - including the acquisitions of Lightwave Electronics, Acterna, and Agility Communications - diversifying the company’s portfolio and expanding the company’s opportunity in the growing and profitable markets for test and measurement equipment, tunable transponders and solid state lasers.

“I am very excited by this new opportunity within our Optical Communications group, where JDSU already demonstrates market leadership,” said Mr. Gudmundson. “Building on that foundation, our focus will be on driving innovation, customer satisfaction, quality and improved profitability.”  
 
Prior to joining JDSU, Mr. Gudmundson held a series of increasingly senior leadership roles at Cisco, culminating in his service as Vice President and General Manager of Cisco’s security server, DSL, and edge routing business units. Prior to Cisco, Mr. Gudmundson held various hardware and software development and systems engineering positions at Argo Systems, Inc. (now part of  The Boeing Company) and ESL Incorporated (now part of TRW).

 About JDSU

JDSU (NASDAQ: JDSU; and TSX: JDU) is committed to enabling broadband & optical innovation in the communications, commercial and consumer markets. JDSU is a leading provider of communications test and measurement solutions and optical products for telecommunications service providers, cable operators, and network equipment manufacturers.  Furthermore, JDSU is a leading provider of innovative optical solutions for medical/environmental instrumentation, semiconductor processing, display, brand authentication, aerospace and defense, and decorative applications.  More information is available at www.jdsu.com.
 
Contact Information

Investors: Jacquie Ross, 408-546-4445 or investor.relations@jdsu.com 
Press:  Kathleen Greene, 408-546-5852 or kathleen.greene@jdsu.com
 
Forward Looking Statements
 
 
The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These statements include: (i) any anticipation or guidance as to future financial performance; (ii) any statement or implication that JDSU’s markets and/or JDSU’s share thereof will grow, grow at the rate predicted by third parties, or that (iii) JDSU’s products will be successfully introduced or marketed, will be qualified and purchased by our customers, or will perform to any particular specifications or performance or reliability standards. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected.   In particular, the Company's ability to predict future financial performance continues to be difficult due to, among other things: (a) continuing general limited visibility across many of our product lines; (b) the ongoing potential for significant quarter-over-quarter product mix fluctuations, which can materially impact profitability measures due to the broad gross margin range across our portfolio; (c) continuing consolidation affecting our customer base, which, in the shorter term limits demand visibility, and, in the longer term, could reduce our business potential; (d) average selling prices continue to decline across our traditional Optical Communications and our Advanced Optical Technologies and Commercial Lasers businesses; (e) we and many of our Optical Communications suppliers continue to experience execution and delivery challenges which limit our revenue and impair our profitability; (f) our Communications Test and Measurement business is notable for a significant level of in-quarter book-and-ship business, further limiting our forecasting abilities; (g) we are currently engaged in various product and manufacturing transfers, site consolidations and product discontinuances; and (h) Optical Communications customer supply chain and inventory rationalization initiatives could further limit our demand visibility.
 
 
For more information on these and other risks affecting the Company's business, please refer to the “Risk Factors” section included in the Company's Annual Report on Form 10-K for the year ended June 30, 2006 filed with the Securities and Exchange Commission, as well as in other filings on Forms 10-Q. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not assume any obligation to update the reasons why actual results could differ materially from those projected in the forward-looking statements.
 
 

 
 

 

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