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): September 22, 2015
 
 
WESTELL TECHNOLOGIES, INC.
(Exact name of registrant as specified in charter)
 
 
Delaware
0-27266
36-3154957
(State of other jurisdiction
 of incorporation)
(Commission File Number)
(IRS Employer
 Identification No.)
 
 
750 North Commons Drive, Aurora, Illinois
60504
(Address of principal executive offices)
(Zip Code)
 
 
Registrant’s telephone number, including area code: (630) 898-2500
 
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 (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o 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.

On September 22, 2015, Westell Technologies, Inc. (the “Company”) mutually agreed with Mr. Scott T. Goodrich that he will serve in his current position as the Company's President, In-Building Wireless until his resignation on October 2, 2015. The Company has initiated a search for his successor.

To ensure an orderly transition of his responsibilities, on September 28, 2015, the Company entered into an independent contractor agreement (the “Agreement”) with Mr. Goodrich whereby Mr. Goodrich will provide business consulting services to the Company on an as needed basis as determined by the Company. Under the Agreement, Mr. Goodrich will be paid at biweekly rate of $4,808. The Agreement will expire on December 31, 2015, unless terminated earlier by Mr. Goodrich or the Company.

A copy of the press release announcing Mr. Goodrich's departure is attached as Exhibit 99.1 to this Form 8-K, and is incorporated herein by reference.

Item 9.01 Exhibits.
99.1
Press Release dated September 25, 2015 announcing departure of Mr. Goodrich.











 

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.
 
 

 
 
WESTELL TECHNOLOGIES, INC.
 
 
 
Date: September 28, 2015
By:
/s/ Thomas P. Minichiello
 
 
Thomas P. Minichiello
 
 
SVP, CFO, Treasurer and Secretary
 
 
 







                        


Exhibit 99.1
 
 

NEWS RELEASE

Westell Technologies Announces Resignation of Scott Goodrich, President, In-Building Wireless (IBW)

Westell CEO Tom Gruenwald to Serve as Interim GM of Westell’s IBW Segment

AURORA, IL, September 25, 2015 - Westell Technologies, Inc. (NASDAQ: WSTL), a leading provider of in-building wireless, intelligent site management, cell site optimization, and outside plant solutions, today announces the resignation of Scott Goodrich, President of Westell’s In-Building Wireless (IBW), effective October 2, 2015. Tom Gruenwald, President and CEO of Westell, will serve as interim General Manager of IBW while the Company searches for a replacement. To ensure an orderly transition, Westell will retain Mr. Goodrich as a part-time consultant until December 31, 2015. Mr. Goodrich first joined Westell in 2014 as President, IBW upon completion of the acquisition of Cellular Specialties, Inc. (CSI), which he co-founded in 1997.

“Scott has provided tremendous leadership, guidance, and contributions to both CSI and Westell, and we thank him for all he has done and wish him the very best in his future endeavors,” states Gruenwald. “As we actively look for Scott’s replacement, we are grateful for his assistance in the transition as he serves as part-time consultant for the Company, as our goal is to keep the business moving forward.”

“I would like to extend my gratitude to so many excellent people in this organization,” comments Goodrich. “Westell has an incredibly bright future backed by a talented and dedicated executive staff and a diverse and complementary suite of products. I will miss being a part the team and future successes.”

Tom Gruenwald is leading the search for Mr. Goodrich’s replacement, and will be supported by Sharon Hintz, Director of Human Resources at Westell. For more information, visit http://www.westell.com/about-us/careers/.


About Westell
Westell Technologies, Inc., headquartered in Aurora, Illinois, is a leading provider of in-building wireless, intelligent site management, cell site optimization, and outside plant solutions focused on innovation and differentiation at the edge of telecommunication networks, where end users connect. The Company’s comprehensive set of products and solutions enable telecommunication service providers and other network operators to improve network performance and reduce operating expenses. With millions of products successfully deployed worldwide, Westell is a trusted partner for transforming networks into high quality, reliable systems. For more information, please visit www.westell.com.


Westell Contact:
Jennifer Davis
Director of Marketing and Communications
Westell Technologies
603-606-7740
jdavis@westell.com


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