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INVN > SEC Filings for INVN > Form 8-K on 25-Aug-2014All Recent SEC Filings

Show all filings for INVENSENSE INC

Form 8-K for INVENSENSE INC


25-Aug-2014

Change in Directors or Principal Officers, Financial Statements and Exhibits


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

(b) On August 19, 2014, Mr. Alan Krock, Chief Financial Officer of InvenSense, Inc. (the "Company"), notified the Company of his resignation from his position at the Company effective September 2, 2014. Mr. Krock will continue as a special advisor through October 31, 2014.

(c) On August 25, 2014, the Company announced the appointment of Mark P. Dentinger as the Company's Chief Financial Officer effective September 2, 2014. Mr. Dentinger previously served as Executive Vice President and Chief Financial Officer of KLA-Tencor Corporation from September 2008 to August 2013. Prior to joining KLA-Tencor, from February 2005 to April 2008, Mr. Dentinger served as Executive Vice President and Chief Financial Officer for BEA Systems, Inc., until the company was acquired by Oracle Corporation. Mr. Dentinger was with BEA Systems for a total of nine years, during which he held various senior financial and managerial roles within the company. Prior to joining BEA Systems, Mr. Dentinger served in various financial management positions at Compaq Computer Corporation (now Hewlett-Packard) for six years, culminating in his appointment as Director of Finance, High Performance Systems Manufacturing in 1996. Mr. Dentinger received his bachelor's degree in economics from St. Mary's College of California and his M.B.A. in finance from the University of California at Berkeley. He is also a certified public accountant in the State of California as well as an instructor at Santa Clara University. In connection with his appointment, Mr. Dentinger will receive an annual base salary of $300,000 and participate in the management bonus plan with a target bonus of 33.3% of his annual base salary, 50% of which is guaranteed for fiscal year 2015. Mr. Dentinger will also be awarded a stock option to purchase 300,000 shares of the Company's common stock and 75,000 RSUs, both of which will vest over four years. As an executive officer, Mr. Dentinger will also execute the Company's form executive change in control and severance agreement. This agreement was filed with the Company's Current Report on Form 8-K filed on May 21, 2014 and described in its proxy statement on Schedule 14A filed on July 25, 2014.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

EXHIBIT NO. DESCRIPTION

99.1 Press release dated August 25, 2014


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