8-K

 

 

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 19, 2016

 

 

BSQUARE CORPORATION

(Exact name of Registrant as specified in its charter)

 

 

 

Washington   000-27687   91-1650880

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

110 110th Ave NE, Suite 300

Bellevue, WA 98004

425-519-5900

(Address and Telephone Number of Registrant’s Principal Executive Offices)

 

 

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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

BSQUARE Corporation (the “Company”) today announced that Marty Heimbigner has stepped down as the Company’s Chief Financial Officer effective May 19, 2016. Jerry Chase, the Company’s President and Chief Executive Officer, has been appointed as the Company’s acting principal financial officer pending the appointment of a new Chief Financial Officer.

Pursuant to the terms of his employment agreement and subject to the execution of a separation and release agreement, Mr. Heimbigner will receive severance equal to nine months of his current annual base salary, paid in accordance with the Company’s regular payroll schedule; will be eligible for continued COBRA coverage at the Company’s expense for a period of nine months; and will receive a prorated bonus in the amount of $15,000.

A copy of the Company’s press release dated May 25, 2016 is filed herewith as Exhibit 99.1 and is incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit
Number

  

Description

99.1    Press Release dated May 25, 2016

 

 

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.

 

    BSQUARE CORPORATION
   

Dated: May 25, 2016

    By:  

/s/ Jerry D. Chase

     

Jerry D. Chase

     

President and

Chief Executive Officer