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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): May 15, 2014
NOVATEL WIRELESS, INC.
(Exact name of Registrant as specified in its charter)
| DELAWARE | COMMISSION FILE: | 86-0824673 | ||
| (State or other jurisdiction of incorporation or organization) |
000-31659 | (I.R.S. Employer Identification No.) |
9645 Scranton Road
San Diego, CA 92121
(Address of principal executive offices)
Registrant’s telephone number, including area code: (858) 320-3400
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 (see General Instruction A.2. below):
| ¨ | 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)) |
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Departure of Chief Financial Officer
On May 15, 2014, Kenneth G. Leddon, Chief Financial Officer of Novatel Wireless, Inc. (the “Company”), tendered his resignation from the Company, effective as of May 31, 2014. The Company is engaging an executive search firm to evaluate candidates for a new chief financial officer of the Company, including candidates who would act as interim chief financial officer of the Company.
The press release dated May 20, 2014 that announces Mr. Leddon’s resignation is attached as Exhibit 99.1 and incorporated herein by reference.
| (d) | Exhibits. |
| Exhibit |
Description | |
| 99.1 | Press Release dated May 20, 2014 | |
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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: May 20, 2014 | By: | /s/ Catherine F. Ratcliffe | ||||
| Catherine F. Ratcliffe | ||||||
| Senior Vice President of Business Affairs, | ||||||
| General Counsel and Corporate Secretary | ||||||
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Exhibit 99.1
Novatel Wireless Announces Departure of Chief Financial Officer
SAN DIEGO — May 20, 2014 — Novatel Wireless, Inc. (NASDAQ: NVTL), a leading provider of intelligent wireless solutions, announced that Chief Financial Officer, Kenneth Leddon, has decided to leave the company effective May 31, 2014. Mr. Leddon has accepted a chief financial officer position with another company.
“Ken has made important contributions to the company over the last six years and we wish him every success in his new position,” said Peter Leparulo, chief executive officer of Novatel Wireless. “Ken will remain a valued friend of the company.”
Commenting on his time with the company, Mr. Leddon noted, “I value my experience at Novatel Wireless and appreciate having the opportunity to work with so many talented people in this exciting industry. I wish the company and my colleagues here all the best as the company moves forward on its business transition plan.”
The Company is engaging an executive search firm to evaluate candidates for a new chief financial officer, including interim candidates.
ABOUT NOVATEL WIRELESS
Novatel Wireless, Inc. is a leader in the design and development of intelligent wireless solutions based on 2G, 3G and 4G technologies. The Company delivers specialized wireless solutions to carriers, distributors, retailers, OEMs and vertical markets worldwide. Product lines include MiFi® Intelligent Mobile Hotspots, Ovation™ USB modems, Expedite® embedded modules, Mobile Tracking Solutions, Asset Tracking Solutions, and Enabler smart M2M modules. These innovative products provide anywhere, anytime communications solutions for consumers and enterprises. Headquartered in San Diego, California, Novatel Wireless is listed on NASDAQ: NVTL. For more information please visit www.nvtl.com. (NVTLF)
(C) 2014 Novatel Wireless, Inc. All rights reserved. The Novatel Wireless name and logo are trademarks of Novatel Wireless, Inc.
Investor contact:
The Blueshirt Group for Novatel Wireless
Chris Danne and Matthew Hunt
415-217-5865 or 415-489-2194
chris@blueshirtgroup.com
matt@blueshirtgroup.com