Powerwave Technologies 8-K 2008
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 12, 2008
POWERWAVE TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
1801 E. St. Andrew Place
Santa Ana, CA 92705
(Address of principal executive offices, zip code)
Registrants telephone number, including area code: (714) 466-1000
Former name or former address, if changed since last report: N/A
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:
(e) On August 12, 2008, Powerwave Technologies, Inc. (Powerwave) held its 2008 Annual Meeting of Shareholders and at this meeting the shareholders of Powerwave approved an amendment to Powerwaves Extended and Restated 1996 Employee Stock Purchase Plan (Plan), which increased the authorized number of common shares available for sale under the Plan from 390,953 to 1,890,953. The Plan is an employee stock purchase plan under Section 423 of the Internal Revenue Code and is implemented utilizing semi-annual offerings with purchases occurring at six-month intervals. The Plan permits eligible employees of Powerwave to purchase shares of Powerwave common stock through payroll deductions, which may not exceed 20% of an employees compensation. The price of Powerwave common stock purchased under the Plan is 85% of the lower of the fair market value of the common stock at the beginning of each six-month offering period or the applicable purchase date. The term of the Plan extends through July 31, 2017.
A copy of the amendment to the Plan approved by the shareholders is attached hereto as Exhibit 10.1. The foregoing description of the Plan does not purport to be complete and is qualified in its entirety by reference to the Plan, a copy of which was filed with the SEC as an exhibit to Powerwaves Current Report on Form 8-K filed on December 7, 2007.
The following exhibit is furnished as part of this report.
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.