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WSTL > SEC Filings for WSTL > Form 8-K on 9-Jul-2014All Recent SEC Filings




Change in Directors or Principal Officers, Financial Statements and Exhi

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 8, 2014, the Board of Directors of Westell Technologies, Inc. (the "Company") increased the size of the Board and elected Fared Adib, age 37, to fill this newly created directorship position.

Mr. Adib is currently the Global Head of Telecom Partnerships at Google Inc. (NASDAQ: GOOG), where he is responsible for furthering efforts around the Android ecosystem with telecom and OEM partners globally, a position he has held since April 2014. Previously, Mr. Adib was the Global Chief Product and Innovation Officer at Softbank Mobile and Sprint Corporation (NYSE: S), where he led global product strategy, product management, procurement, and marketing. Mr. Adib also held a variety of executive positions during his 11 year tenure at Sprint Nextel Corporation, including Senior Vice President of Product Development, Device Planning and Operations, Vice President of Sales and Distribution Operations, and several other leadership roles. Mr. Adib has previously served on the board of directors of Mindspeed Technologies (NASDAQ:
MSPD), which was sold in 2013.

Mr. Adib is expected to be appointed to the Audit Committee.

In connection with his election to the Board, Mr. Adib received a grant of 20,000 restricted shares of Class A Common Stock of the Company (with 25% vesting on each anniversary of the grant date). Mr. Adib will also receive the same compensation as other non-employee directors of the Company. A description of the Company's director compensation plan is included in the Company's proxy statement for the 2013 annual meeting of stockholders, which was filed with the SEC on July 26, 2013, under the heading "Director Compensation."

A copy of the press release announcing the election of Mr. Adib to the Board is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

No. Description

99.1 Press Release, dated July 9, 2014

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