INFS » Topics » Item 8.01 Other Events

This excerpt taken from the INFS 8-K filed Jun 23, 2008.

Item 8.01 Other Events

InFocus Corporation, an Oregon corporation (the “Company”), is filing this Current Report on Form 8-K to file the exhibits to the Development, Purchase and License Agreement between the Company and Funai Electric Co., Ltd. dated as of September 13, 2002 (the “Funai Agreement”). The Funai Agreement was previously filed as Exhibit 10.33 to the Company’s Annual Report for the year ended December 31, 2004 (the “2004 Report”).

Simultaneously with the filing of the 2004 Report, the Company requested confidential treatment with respect to certain portions of the Funai Agreement. In its review of the Company’s confidential treatment request in respect of the Funai Agreement the staff of the Securities and Exchange Commission requested the Company to file the exhibits to the Funai Agreement. The Company is filing this Current Report on Form 8-K in order to include such exhibits in its publicly filed material. The Company is simultaneously requesting confidential treatment with respect to certain portions of the exhibits.

This excerpt taken from the INFS 8-K filed Dec 5, 2006.
Item 8.01   Other Events.

On December 4, 2006, InFocus Corporation issued a press release announcing the sale of the assets of The University Network to Submedia LLC, a digital media company based in New York City.  The press release is included herewith as Exhibit 99.1.

This excerpt taken from the INFS 8-K filed Oct 10, 2006.

Item 8.01 Other Events

In the press release referenced in Item 2.02, InFocus also announced that its Board of Directors is conducting an ongoing evaluation of strategic alternatives for the Company and that Banc of America Securities is engaged as the Company’s financial advisor to assist the Board in its evaluation.

This excerpt taken from the INFS 8-K filed Jun 9, 2006.
Item 8.01               Other Events

 

On June 8, 2006, the Company issued a press release announcing its expanded relationship with Texas Instruments.  A copy of the press release is attached as Exhibit 99.1 to this report.

 

This excerpt taken from the INFS 8-K filed May 2, 2006.

Item 8.01  Other Events

 

As announced in March 2006, we delayed the filing of our 2005 annual report on Form 10-K with the SEC to allow for the completion of internal investigations initiated by our audit committee and completion of related audit procedures by our registered independent auditors, KPMG LLP.  In mid-April 2006, we participated in an oral hearing with a Nasdaq listing qualifications panel in which the plan was presented for achieving compliance with the filing requirements for both our 2005 Form 10-K and Form 10-Q for the first quarter of 2006. On April 26, we received notice that the panel determined to continue the listing of our shares on the Nasdaq National Market, subject to certain conditions, including the filing of our 2005 Form 10-K on or before July 7, 2006 and the filing of the Form 10-Q for the first quarter of 2006 on or before July 17, 2006.

 

This excerpt taken from the INFS 8-K filed Sep 16, 2005.

Item 8.01   Other Events

 

On September 16, 2005, the Company issued a press release announcing certain restructuring plans, management changes, and the Company’s plan to exit the ultra-thin rear projection display market.  The press release also announced that John V. Harker and the remaining members of the Company’s Board of Directors have reached mutual agreement that he step down as Chairman of the Board effective September 30, 2005.

 

A copy of the press release is furnished with this report as Exhibit 99.

 

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This excerpt taken from the INFS 8-K filed Jul 26, 2005.

Item 8.01  Other Events

 

On July 25, 2005, InFocus Corporation issued a press release announcing it has acquired the assets of The University Network (“TUN”), a leading provider of on campus narrowcasting solutions.  The transaction brings to InFocus a display footprint and network operating in over 75 major U.S. universities.  A copy of the press release is attached as Exhibit 99.2.

 

This excerpt taken from the INFS 8-K filed Jun 21, 2005.

Item 8.01  Other Events

 

On June 17, 2005, InFocus Corporation issued a press release announcing the resignation of Mr. Amar Samra, Senior Vice President and General Manager of InFocus’ Lines of Business.  A copy of the press release is attached as Exhibit 99.1.

 

This excerpt taken from the INFS 8-K filed May 6, 2005.

Item 8.01  Other Events

 

The Compensation Committee of the Board of Directors of InFocus Corporation (the “Company”) has approved an acceleration of vesting of certain employee stock options with an option price greater than $5.46 (the “Acceleration”). The Acceleration is effective for all employee stock options outstanding as of May 3, 2005, except stock options granted to executives in February 2005 totaling 460,000 options.  Options for 889,633 shares, or 17% of the total outstanding options with varying remaining vesting schedules, were subject to the Acceleration and became immediately exercisable.

 

As a result of the Acceleration, the Company expects to reduce its exposure to the effects of the Financial Accounting Standards Board (“FASB”) new standard requiring companies to recognize stock-based compensation expense associated with stock options based on the fair value method.  The recently issued FASB standard is effective beginning in fiscal 2006.  The Company currently estimates a reduction in stock-based compensation expense associated with the Acceleration of approximately $1.4 million for 2006 and $1.2 million for fiscal 2007.  The Acceleration was approved by the Compensation Committee of the Board of Directors in order to realize the expected reduction in future compensation expense.

 

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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.

 

 

Date:

May 6, 2005

INFOCUS CORPORATION

 

 

By:

  /s/ C. Kyle Ranson

 

 

C. Kyle Ranson

 

Director, President and Chief Executive Officer

 

(Principal Executive Officer)

 

 

 

 

 

By:

  /s/ Michael D. Yonker

 

 

Michael D. Yonker

 

Executive Vice President,

 

Chief Financial Officer and Secretary

 

(Principal Financial Officer)

 

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