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INVN > SEC Filings for INVN > Form 8-K on 4-Sep-2014All Recent SEC Filings

Show all filings for INVENSENSE INC

Form 8-K for INVENSENSE INC


4-Sep-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.

(e) On August 25, 2014, InvenSense, Inc. (the "Company") announced that Mr. Alan Krock, its Chief Financial Officer, had 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 ("Advisory Period"). Pursuant to a consulting agreement and a Separation Agreement and Release dated as of September 1, 2014, between the Company and Mr. Krock, subject to his execution of a release, Mr. Krock will receive during the Advisory Period a base salary and benefits equal to his base salary and benefits in effect as of the date of his resignation. In addition, Mr. Krock will receive payment for 7 months of salary and benefits. This summary of the Separation Agreement and Release is qualified in its entirety by the Separation Agreement and Release filed as Exhibit 10.1 and incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

EXHIBIT NO.         DESCRIPTION

10.1               Separation Agreement and Release dated as of September 1, 2014,
                    by and between the Registrant and Alan Krock.

Indicates a management contract or compensatory plan or arrangement.


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