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
April 18, 2018
Date of Report (date of earliest event reported)
AMBARELLA, INC.
(Exact name of Registrant as specified in its charter)
| Cayman Islands | 001-35667 | 98-0459628 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (I. R. S. Employer Identification No.) |
3101 Jay Street
Santa Clara, CA 95054
(Address of principal executive offices)
Registrant’s telephone number, including area code: (408) 734-8888
N/A
(Former name or former address, if changed since last report)
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)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On April 18, 2018, Ambarella, Inc. (the “Company”) announced that George Laplante, Chief Financial Officer of the Company, will retire later this year. The Company is conducting a formal search for his replacement and Mr. Laplante intends to continue to serve in his role until a successor is named and the transition is complete. A copy of the press release regarding this announcement is included as Exhibit 99.1 to this Current Report on Form 8-K.
9.01 Financial Statements and Exhibits
(d) Exhibits
99.1 Press Release dated April 18, 2018
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: April 18, 2018 | Ambarella, Inc. | |||||
| /s/ Michael Morehead | ||||||
| Michael Morehead General Counsel and Secretary | ||||||
Exhibit 99.1
Ambarella CFO George Laplante to Retire Later This Year
SANTA CLARA, Calif., April 18, 2018 — Ambarella, Inc. (NASDAQ: AMBA) a leading developer of low-power, HD and Ultra HD video processing semiconductors, today announced that George Laplante, the company’s CFO, will retire later this year. Mr. Laplante, who joined the company in 2011, intends to remain in his current role until a successor is named and an orderly transition is completed. Ambarella has initiated a search for Mr. Laplante’s successor, and once a new chief financial officer is appointed, Mr. Laplante will work collaboratively on the transfer of responsibilities.
“We are very appreciative of George’s many significant contributions to Ambarella, including leading our IPO in 2012, establishing a strong financial foundation for the company, and positioning us for success as we move beyond our traditional markets with our new computer vision solutions,” said Dr. Fermi Wang, president and CEO. “Personally, I would like to thank George for being a great partner to me as I became a public company CEO for the first time. George’s departure is bittersweet for us, but we congratulate him on his career and wish him all the best in his retirement,” he said.
“It has been a pleasure to serve as CFO of Ambarella for these past seven years, and I’m proud of the company we have become and remain very excited about our future opportunities,” said Mr. Laplante. “While I look forward to my retirement, I plan to remain fully engaged at Ambarella throughout the search and transition process. There is a strong, talented team in place at all levels of the company and I have every confidence in its ability to execute the plans we have underway.”
About Ambarella
Ambarella, Inc. (NASDAQ: AMBA) is a leading developer of low-power, high-definition (HD) and Ultra HD video compression, image processing and computer vision solutions. The company’s products are used in a variety of IP security, sports, wearable, drone and automotive video cameras. Ambarella’s solutions leverage over 20 years of pioneering research in computer vision to enable future generations of intelligent cameras, Advanced Driver Assistance Systems and autonomous vehicles. For more information about Ambarella, please visit www.ambarella.com.
Contacts:
Ambarella Contact: www.ambarella.com/about/contact/inquiries
Investor Relations Contact: Deborah Stapleton, T: +1 650 815 1239, deb@stapleton.com
All brand names, product names, or trademarks belong to their respective holders. Ambarella reserves the right to alter product and service offerings, specifications and pricing at any time without notice. © 2018 Ambarella. All rights reserved.
# # #