Conexant Systems 8-K 2006
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Conexant Systems, Inc.
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)
Item 8.01 Other Events.
Dwight W. Decker, Chairman and Chief Executive Officer of Conexant Systems, Inc. (the "Company"), until recently held 569,032 options to purchase the Company’s commmon stock, which options were scheduled to expire on March 22, 2006. These options were granted to Dr. Decker in 1996 while he was an employee of Rockwell Semiconductor, Inc. In order not to lose the in-the-money value present in these soon to expire options, Dr. Decker has exercised them and sold the underlying stock, while the Company’s trading window permitted him to do so.
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.