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 5, 2007
NOVATEL WIRELESS, INC.
(Exact name of Registrant as specified in its charter)
COMMISSION FILE: 000-31659
| DELAWARE | 86-0824673 | |
| (State or other jurisdiction or incorporation or organization) |
(I.R.S. Employer Identification No.) |
9645 Scranton Road, Suite 205
San Diego, CA 92121
(Address of principal executive offices)
Registrant’s telephone number, including area code: (858) 812-3400
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.
Effective March 5, 2007, the Board of Directors of Novatel Wireless, Inc. (the “Company”) appointed Mr. Greg Lorenzetti to the Company’s Board of Directors and to the Compensation Committee thereof. A copy of the press release announcing such appointment is attached hereto as Exhibit 99.1. Mr. Lorenzetti was appointed as a Class I Director and it is expected that he will stand for election to a 3 year term at the Company’s 2007 Annual Meeting of Stockholders.
ITEM 9.01 Financial Statements and Exhibits.
(d) Exhibits
| 99.1 | Press Release dated March 5, 2007. | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, hereunto duly authorized.
| Novatel Wireless, Inc. | ||||
| Date: March 8, 2007 |
By: | /s/ Catherine F. Ratcliffe | ||
| Catherine F. Ratcliffe | ||||
| Vice President of Business Affairs and Corporate Secretary | ||||
 |
Exhibit 99.1 |
Novatel Wireless Appoints New Member to Board of Directors
Technology industry veteran Greg Lorenzetti Tapped to Join
Novatel Wireless Board
San Diego, CA – March 5, 2007 – Novatel Wireless, Inc. (Nasdaq:NVTL), a leading provider of wireless broadband access solutions, today announced the appointment of Greg Lorenzetti to the company’s Board of Directors. A seasoned technology professional, Lorenzetti brings over 20 years experience building technology companies and leading them through rapid growth at all stages of corporate cycles, both internationally and domestically.
Mr. Lorenzetti is currently president of Titan Partners, LLC, a private equity and technology commercialization company. Lorenzetti has been a founding investor and principal in numerous technology companies.
“Novatel Wireless is a recognized leader in broadband wireless data, and is exceptionally positioned for the next level of growth and diversification,” said Lorenzetti. “I am thrilled to join the Board of Directors, and look forward to working with the entire Novatel team.”
“Greg’s wealth of knowledge will be a strong asset to our organization,” said Peter Leparulo, executive chairman of the Novatel Wireless Board of Directors. “As we continue to broaden our services and grow our customer base in the mobility solutions market, we look forward to Greg’s leadership and expertise in guiding the Novatel Wireless team to even greater success.”
For more information on the Board of Directors, please visit http://investor.novatelwireless.com/bios.cfm.
ABOUT NOVATEL WIRELESS
Novatel Wireless, Inc. is revolutionizing wireless communications. The company is a leader in the design and development of innovative wireless broadband access solutions based on 3G WCDMA (HSDPA & UMTS), CDMA and GSM technologies. Novatel Wireless’ MerlinTM PC Cards and ExpressCards, Expedite® Embedded Modules, MobiLink™Communications Software Suite, Ovation™ Fixed Mobile Convergence Products and Conversa™ Software Suite enable high-speed wireless access. The company delivers innovative 3G solutions to operators, distributors and vertical markets worldwide. Headquartered in San Diego, California, Novatel Wireless is listed on NASDAQ: NVTL. For more information visit www.novatelwireless.com. (NVTLG)
This release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, as amended to date. These forward-looking statements involve risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements contained herein. These factors include risks relating to technological changes, new product introductions, continued acceptance of Novatel Wireless’ products and dependence on intellectual property rights. These factors, as well as other factors that could cause actual results to differ materially, are discussed in more detail in Novatel Wireless’ filings with the United States Securities and Exchange Commission (available at www.sec.gov) and other regulatory agencies.
©2007 Novatel Wireless. All rights reserved. The Novatel Wireless logo, Merlin, Expedite, MobiLink, Ovation and Conversa are trademarks of Novatel Wireless, Inc. Other product or service names mentioned herein are the trademarks of their respective owners.
| Contacts: | Liya Sharif/Natasha Grach | |
| Townsend Inc. for | ||
| Novatel Wireless, Inc. | ||
| +1 858.457.4888 | ||
| novatel_team@townsendinc.com |
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