UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT
REPORT
Pursuant to Section 13 or
15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): July 30, 2007
| ORBCOMM Inc. |
|
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| (Exact name of registrant as specified in its charter) |
| Delaware | 001-33118 | 41-2118289 |
|
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|
|
| (State or
other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S.
Employer Identification No.) |
|
2115 Linwood Avenue, Suite
100 Fort Lee, New Jersey 07024 |
|
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| (Address of principal executive offices) (Zip Code) |
| (201) 363-4900 |
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| (Registrant’s telephone number, including area code) |
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)
[ ] 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.
(b) On July 30, 2007, Emmett
Hume resigned, effective immediately, as the Executive Vice President - International of
ORBCOMM Inc.
(the “Company”) and entered into a separation agreement with the Company (the
“Separation Agreement”), a copy of which is filed
herewith as Exhibit 99.1 and incorporated herein by reference.
The Separation Agreement provides
that Mr. Hume will not be entitled to any severance payments in connection with his
termination of
employment with the Company. Under the Separation Agreement, Mr. Hume executed a
general release of the Company and upon effectiveness of the
release, 10,000 unvested stock options granted Mr. Hume under a stock option agreement
dated December 3, 2004 will vest and all his
vested options will be exercisable until July 30, 2008. The Company also waived any
repurchase rights under the stock option
agreement. Any remaining unvested options will terminate immediately.
In addition, the covenants contained
in the employment agreement dated April 6, 2005 between Mr. Hume and the
Company relating to
confidentiality,
assignment of intellectual property rights, and one-year post-employment non-solicitation
and non-competition restrictions (a description of which is
included in the Company’s proxy statement for its 2007 Annual Meeting of
Stockholders and is incorporated by reference herein) will continue to apply
to Mr. Hume.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Separation Agreement dated July 30, 2007 by and between
ORBCOMM Inc. and Emmett Hume.
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.
| ORBCOMM
Inc. |
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| By: | /s/ Christian LeBrun | ||
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| Name: Title: |
Christian
LeBrun Senior Vice President, General Counsel and Secretary |
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Date: August 3, 2007
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