Form 8-K

 

 

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

Date of Report (Date of earliest event reported): May 20, 2010

 

 

Microtune, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   000-31029-40   75-2883117

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

2201 10th Street, Plano, Texas   75074
(Address of principal executive offices)   (Zip Code)

(972) 673-1600

(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 1.01 Entry into a Material Definitive Agreement.

2010 Annual Meeting of Stockholders

At the 2010 annual meeting of stockholders (the “Annual Meeting”) of Microtune, Inc., a Delaware corporation (the “Company”), held on May 20, 2010, the Company’s stockholders approved:

 

  (i) the Microtune, Inc. 2010 Stock Plan (the “2010 Stock Plan”) to replace the expiring Amended and Restated Microtune, Inc. 2000 Stock Plan;

 

  (ii) the Microtune, Inc. 2010 Director Stock Plan (the “2010 Director Stock Plan”) to replace the expiring Amended and Restated Microtune, Inc. 2000 Director Stock Plan; and

 

  (iii) the Microtune, Inc. 2010 Employee Stock Purchase Plan (the “2010 ESPP”) to replace the expiring Amended and Restated Microtune, Inc. 2000 Employee Stock Purchase Plan.

Summaries of the material terms of the 2010 Stock Plan, the 2010 Director Stock Plan and the 2010 ESPP can be found in the Company’s Definitive Proxy Statement on Schedule 14A, filed on April 9, 2010 (the “Proxy Statement”), and such summaries are incorporated by reference herein. Copies of the 2010 Stock Plan, the 2010 Director Stock Plan and the 2010 ESPP have been filed as Appendices A, B and C, respectively, to the Proxy Statement and are incorporated herein by reference.

 

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

 

(e)

Approval of Microtune, Inc. 2010 Stock Plan, Microtune, Inc. 2010 Director Stock Plan, and Microtune, Inc. 2010 Employee Stock Purchase Plan

The information set forth under Item 1.01 above regarding the 2010 Stock Plan, the 2010 Director Stock Plan and the 2010 ESPP is incorporated herein by reference.

 

Item 5.07 Submission of Matters to a Vote of Security Holders.

2010 Annual Meeting of Stockholders

On May 20, 2010, the Company held its Annual Meeting. There were 46,505,136 shares represented in person or by valid proxies, constituting 86% of the 54,002,294 shares outstanding on the record date of March 24, 2010. The stockholders approved all five of the proposals submitted by the Company for consideration at the Annual Meeting. With regard to the proposals offered for consideration, the following votes were cast:

Proposal 1: Election of Directors

At the Annual Meeting, stockholders voted on the election of directors. As a result of the election, Messrs. Clardy, Craddock, Fontaine, LeVecchio, Marren, White, Rast, Rau, and Peck were duly elected as directors of the Company to serve until the 2011 annual meeting of stockholders. The results of the voting were as follows:

 

Nominee

    For    % of
Voting		     % of
Outstanding		     Withheld    % of
Voting
Withheld		     % of
Outstanding
Withheld		     Broker
Non-Votes

James H. Clardy

    33,738,951    96.74 %    62.48 %    1,135,205    3.26 %    2.10 %    11,630,980

Steven Craddock

    33,804,395    96.93 %    62.60 %    1,069,761    3.07 %    1.98 %    11,630,980

James A. Fontaine

    34,349,156    98.49 %    63.61 %    525,000    1.51 %    0.97 %    11,630,980

Anthony J. LeVecchio

    33,643,697    96.47 %    62.30 %    1,230,459    3.53 %    2.28 %    11,630,980

Bernard T. Marren

    33,783,433    96.87 %    62.56 %    1,090,723    3.13 %    2.02 %    11,630,980

A. Travis White

    33,804,395    96.93 %    62.60 %    1,069,761    3.07 %    1.98 %    11,630,980

Robert M. Rast

    34,326,782    98.43 %    63.57 %    547,374    1.57 %    1.01 %    11,630,980

Raghu Rau

    34,299,332    98.35 %    63.51 %    574,824    1.65 %    1.06 %    11,630,980

Drew Peck

    34,302,185    98.36 %    63.52 %    571,971    1.64 %    1.06 %    11,630,980

Proposal 2: Approval of the Microtune, Inc. 2010 Stock Plan

At the Annual Meeting, stockholders voted on a proposal to approve the 2010 Stock Plan. The results of the voting were as follows:

 

     Shares    % of
Voting		     % of
Outstanding		  

For

    25,760,687    73.87 %    47.70 % 

Against

    8,692,017    24.92 %    16.09 % 

Abstain

    421,452    1.21 %    0.78 % 

Broker Non-Votes

    11,630,980    N/A      N/A   

Proposal 3: Approval of the Microtune, Inc. 2010 Director Stock Plan

At the Annual Meeting, stockholders voted on a proposal to approve the 2010 Director Stock Plan. The results of the voting were as follows:

 

     Shares    % of
Voting		     % of
Outstanding		  

For

    26,422,515    75.77 %    48.92 % 

Against

    7,849,800    22.51 %    14.53 % 

Abstain

    601,841    1.72 %    1.11 % 

Broker Non-Votes

    11,630,980    N/A      N/A   

Proposal 4: Approval of the Microtune, Inc. 2010 Employee Stock Purchase Plan

At the Annual Meeting, stockholders voted on a proposal to approve the 2010 ESPP. The results of the voting were as follows:

 

     Shares    % of
Voting		     % of
Outstanding		  

For

    34,112,608    97.82 %    63.16 % 

Against

    390,817    1.12 %    0.72 % 

Abstain

    370,731    1.06 %    0.68 % 

Broker Non-Votes

    11,630,980    N/A      N/A   

Proposal 5: Ratification of Appointment of Independent Auditor

At the Annual Meeting, stockholders voted on a proposal to ratify the appointment of KPMG LLP as the Company’s independent auditor for the fiscal year ending December 31, 2010. The results of the voting were as follows:

 

     Shares    % of
Voting		     % of
Outstanding		  

For

    46,128,120    99.19 %    85.41 % 

Against

    355,901    0.77 %    0.65 % 

Abstain

    21,115    0.04 %    0.03 % 

Broker Non-Votes

    11,630,980    N/A      N/A   

 

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit
Number

  

Description

10.1(1)   Microtune, Inc. 2010 Stock Plan.
10.2(1)   Microtune, Inc. 2010 Director Stock Plan.
10.3(1)   Microtune, Inc. 2010 Employee Stock Purchase Plan.

 

(1) Incorporated by reference to the Registrant’s Definitive Proxy Statement on Schedule 14A filed on April 9, 2010.

SIGNATURES

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.

 

  MICROTUNE, INC.
Date: May 26, 2010   By:  

/S/     PHILLIP D. PETERSON        

    Phillip D. Peterson
    General Counsel

Index to Exhibits

 

Exhibit
Number

  

Description

10.1(1)   Microtune, Inc. 2010 Stock Plan.
10.2(1)   Microtune, Inc. 2010 Director Stock Plan.
10.3(1)   Microtune, Inc. 2010 Employee Stock Purchase Plan.

 

(1) Incorporated by reference to the Registrant’s Definitive Proxy Statement on Schedule 14A filed on April 9, 2010.