Current Report Filing (8-k)
May 12 2022 - 4:31PM
Edgar (US Regulatory)
0001438423
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0001438423
2022-05-10
2022-05-10
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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 10, 2022
Everspin
Technologies, Inc.
(Exact name of
registrant as specified in its charter)
Delaware |
|
001-37900 |
|
26-2640654 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
5670 W. Chandler Blvd., Suite 130
Chandler, Arizona 85226
(Address of principal
executive offices, including zip code)
(480) 347-1111
(Registrants
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 $0.0001 |
|
MRAM |
|
The
Nasdaq Stock Market LLC |
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 May 10, 2022, the compensation committee of
the board of directors of Everspin Technologies, Inc. (the “Company”) granted the following restricted stock units (“RSUs”)
to the named executive officers of the Company:
Name | |
Number of RSUs granted | |
Darin Billerbeck, Executive Chairman of the Board | |
| 25,802 | (1) |
Sanjeev Aggarwal, President and Chief Executive Officer | |
| 25,802 | (2) |
Anuj Aggarwal, Chief Financial Officer | |
| 23,721 | (2) |
(1) The RSUs vest in seven equal
monthly installments starting on June 1, 2022.
(2) The RSUs vest 25% per year
over four years on each of January 1, 2023, 2024, 2025 and 2026.
These additional RSUs were granted to the named
executive officers to compensate for incomplete awards of RSUs that were previously granted on March 14, 2022 as disclosed in the Company’s
Current Report on Form 8-K filed with the Securities and Exchange Commission on March 2, 2022 due to an administrative error that resulted
in less RSUs granted than were originally approved.
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.
|
Everspin Technologies, Inc. |
Dated: May 12, 2022 |
|
|
By: |
/s/ Anuj Aggarwal |
|
|
Anuj Aggarwal |
|
|
Chief Financial Officer |
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