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Executive Change · Reg FD Disclosure

Filed Jun 4, 2015 · 11y ago · Accession 0000355948-15-000013

Plain English

Material event — a significant development the company must disclose promptly.

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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 29, 2015 RICHARDSON ELECTRONICS, LTD. (Exact name of registrant as specified in charter)   Delaware   0-12906   36-2096643 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.) 40W267 Keslinger Road, P.O. Box 393, LaFox, Illinois   60147-0393 (Address of principal executive offices)   (Zip Code) Registrant’s telephone number, including area code: (630) 208-2200 (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)) Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers;          Compensatory Arrangements of Certain Officers. On May 29, 2015, Richardson Electronics, Ltd. (the “Company”) announced that Kathleen S. Dvorak, Executive Vice President, Chief Financial Officer, and Chief Strategy Officer, is retiring from the Company once a successor is named. In connection with the termination of her employment, Ms. Dvorak and the Company entered into a Termination Agreement and General Release (“the Separation Agreement”) effective May 29, 2015. Under the terms of the Separation Agreement, Ms. Dvorak shall be entitled to receive a payment of $629,102 pursuant to her form of Employment, Nondisclosure, and Non-compete Agreement filed as Exhibit 10.1 on Form 8-K on October 25, 2007. Item 7.01 Regulation FD Disclosure. The Company issued a press release announcing the retirement of Ms. Dvorak on May 29, 2015. A copy of the press release is furnished as Exhibit 99.1 and incorporated herein by reference. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The following exhibit is filed herewith: Exhibit No. 10.1    Termination Agreement and General Release between the Company and Kathleen S. Dvorak dated May 29, 2015. 99.1    Press Release of the Company dated May 29, 2015. 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.               RICHARDSON ELECTRONICS, LTD.       Date: June 4, 2015   By:   /s/ Edward J. Richardson     Name:   Edward J. Richardson     Title:   Chairman of the Board and Chief Executive Officer
Filing details
Ticker
RELL
CIK
355948
Form type
8-K
Filing date
Jun 4, 2015
Report date
May 29, 2015
Document
a06_04x2015x8-k.htm
Size
261 KB