Current Report Filing (8-k)
October 29 2018 - 4:04PM
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 (Date of earliest event reported):
October 26, 2018
ARLO
TECHNOLOGIES, INC.
(Exact name of Registrant as specified in its charter)
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Delaware
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001-38618
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38-4061754
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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 Number)
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350 East Plumeria Drive
San Jose, CA 95134
(Address, including zip code, of principal executive offices)
(408)
890-3900
(Registrants telephone number, including area code)
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):
☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17
CFR
240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
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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. ☐
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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(d)
On October 26, 2018, Prashant Aggarwal and Mike Pope
were appointed to the Board of Directors (the Board) of Arlo Technologies, Inc. (the Company). Mr. Aggarwal will serve as a Class II director of the Company and is expected to stand for
re-election
at our 2020 annual meeting of stockholders, and Mr. Pope will serve as a Class III director of the Company and is expected to stand for
re-election
at
our 2021 annual meeting of stockholders. In addition, Mr. Pope was appointed as chair of the Audit Committee of the Board and as a member of the Nominating and Corporate Governance Committee of the Board (the Nominating Committee),
and Mr. Aggarwal was appointed as a member of the Compensation Committee of the Board, the Nominating Committee and the Cybersecurity Committee of the Board.
Both Mr. Aggarwal and Mr. Pope are expected to receive compensation for service as a director in accordance with the Companys
compensation policy for
non-employee
directors, including an initial grant of a number of restricted common stock units equal to $360,000 divided by the closing price of the Companys common stock on the
New York Stock Exchange on the date of grant (the Initial Grants). The Initial Grants will vest in a series of three equal annual installments after the date of grant, subject to each individual continuing to be a service provider on
each such vesting date. The Company also entered into an indemnification agreement with each of Mr. Aggarwal and Mr. Pope.
There is no arrangement or understanding between either Mr. Aggarwal and Mr. Pope and any other person pursuant to which
Mr. Aggarwal and Mr. Pope were appointed as directors. The Company is not aware of any transaction between the Company and either of Mr. Aggarwal and Mr. Pope that would require disclosure under Item 404(a) of Regulation
S-K.
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.
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ARLO TECHNOLOGIES, INC.
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Dated: October 29, 2018
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By:
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/s/ Christine M. Gorjanc
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Christine M. Gorjanc
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Chief Financial Officer
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