Current Report Filing (8-k)
September 03 2019 - 8:31AM
Edgar (US Regulatory)
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: August 27, 2019
(Date of earliest event reported)
_________________________________________
NAUTILUS, INC.
(Exact name of registrant as specified in
its charter)
__________________________________________
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Washington
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001-31321
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94-3002667
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(State or other jurisdiction of
incorporation)
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(Commission File Number)
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(I.R.S. Employer
Identification No.)
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17750 SE 6th Way
Vancouver, Washington 98683
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(Address of principal executive offices and zip code)
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(360) 859-2900
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(Registrant's telephone number, including area code)
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N/A
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(Former name or former address, if changed since last report.)
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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))
Securities registered
pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, no par value
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NLS
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New York Stock Exchange
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Indicate by check mark
whether the registrant is an emerging growth company as defined in 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. ☐
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Item 5.02
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Departure of Directors or Certain officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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On August 27, 2019 (the “Grant Date”),
the Compensation Committee (the “Committee”) of the Board of Directors of Nautilus, Inc. (the “Company”)
approved the following grants of restricted stock units under the Company’s 2015 Long Term Incentive Plan (the “RSU
Grants”) to incentivize employee retention during the Company’s implementation of several previously-reported strategic
initiatives:
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Officer
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Title
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RSU Grant
(shares of common stock)
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Wayne M. Bolio
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SVP, Law & Human Resources, General Counsel
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13,000
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William B. McMahon
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Special Assistant to the CEO
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10,000
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Christopher K. Quatrochi
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SVP, Innovation
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15,000
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Sarah Jones
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Principal Financial and Accounting Officer
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9,000
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The RSU Grants will vest as to 50% of the awards
on the twelve month anniversary of the Grant Date, and the remaining 50% of the awards will vest on the eighteen month anniversary
of the Grant Date, in each case subject to the recipient’s continued service on the vesting date.
1
Signature
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.
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NAUTILUS, INC.
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(Registrant)
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September 3, 2019
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By:
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/s/ Wayne M. Bolio
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Date
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Wayne M. Bolio
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Senior Vice President, Law and Human Resources, General Counsel
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