SEC Info  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Iteris, Inc. – ‘8-K’ for 3/3/23

On:  Wednesday, 3/8/23, at 4:02pm ET   ·   For:  3/3/23   ·   Accession #:  1104659-23-30090   ·   File #:  1-08762

Previous ‘8-K’:  ‘8-K’ on / for 2/2/23   ·   Next:  ‘8-K’ on / for 6/13/23   ·   Latest:  ‘8-K’ on / for 2/8/24

Find Words in Filings emoji
 
  in    Show  and   Hints

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/08/23  Iteris, Inc.                      8-K:8       3/03/23   10:185K                                   Toppan Merrill/FA

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     27K 
 5: R1          Cover                                               HTML     47K 
 8: XML         IDEA XML File -- Filing Summary                      XML     11K 
 6: XML         XBRL Instance -- tm238849d1_8k_htm                   XML     15K 
 7: EXCEL       IDEA Workbook of Financial Reports                  XLSX      8K 
 3: EX-101.LAB  XBRL Labels -- iti-20230303_lab                      XML     96K 
 4: EX-101.PRE  XBRL Presentations -- iti-20230303_pre               XML     64K 
 2: EX-101.SCH  XBRL Schema -- iti-20230303                          XSD     12K 
 9: JSON        XBRL Instance as JSON Data -- MetaLinks               25±    34K 
10: ZIP         XBRL Zipped Folder -- 0001104659-23-030090-xbrl      Zip     15K 


‘8-K’   —   Current Report


This is an HTML Document rendered as filed.  [ Alternative Formats ]



 iX:   C:   C:   C:   C:   C:   C:   C:   C: 
 i 0000350868  i false 0000350868 2023-03-03 2023-03-03 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM  i 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):    i March 3, 2023

 

 i ITERIS, INC.

(Exact name of registrant as specified in its charter)

 

 i Delaware    i 001-08762    i 95-2588496

(State or other jurisdiction of

incorporation)

  (Commission File Number)   (IRS Employer Identification No.)

 

 i 1250 S. Capital of Texas Hwy., Building 1,  i Suite 330,  i Austin,  i Texas  i 78746

(Address of Principal Executive Offices) (Zip Code)

 

Registrant’s telephone number, including area code:  ( i 512)  i 716-0808

 

Not Applicable

(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:

 

 i ¨ Written communications pursuant to Rule 425 under the Securities Act
 i ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act
 i ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
 i ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on
which registered
 i Common Stock, $0.10 par value    i ITI    i The Nasdaq Stock Market LLC

 

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   i ¨

 

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. ¨

 

 

 C: 

 

 

 

Item 8.01. Other Events.

 

On March 3, 2023, the board of directors of Iteris, Inc. (the “Company”) revised the director and management stock ownership guidelines that were previously adopted in February 2016 and amended in September 2020 (the “Ownership Guidelines”). Under the revised Ownership Guidelines, non-employee members of the board are required to own shares of Company common stock having a value equal to or greater than five times their annual cash board retainer, which is an increase from the prior requirement of three times their annual cash board retainer. Additionally, the revised Ownership Guidelines require each non-employee member of the board to retain 100% of their equity compensation until the threshold is met and thereafter maintain such ownership at or above the threshold, which replaces the prior five-year time period to achieve compliance. The revised Ownership Guidelines also give non-employee members of the board the option to receive their annual cash board retainer in equity, which would be granted upfront at the annual meeting and vest when cash otherwise would have been paid.

 

Except as set forth herein, the terms of the revised Ownership Guidelines are otherwise the same as described under the heading “Director and Management Stock Ownership Guidelines” in the Company’s definitive proxy statement, filed with the Securities and Exchange Commission on July 15, 2022.

 

 C: 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: March 8, 2023  
  ITERIS, INC.
     
  By: /s/ Kerry A. Shiba
    Kerry A. Shiba
    Senior Vice President and Chief Financial Officer

 

 C: 

 

 

 C: 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
Filed on:3/8/23
For Period end:3/3/23
7/15/22DEF 14A
 List all Filings 
Top
Filing Submission 0001104659-23-030090   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
AboutPrivacyRedactionsHelp — Thu., Mar. 28, 3:00:20.1pm ET