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) August 14, 2020 (August 13, 2020)

SUMMIT WIRELESS TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

(408) 627-4716

(Registrant’s telephone number, including area code)

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):

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

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company    x

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. ¨

On August 13, 2020, Summit Wireless Technologies, Inc. (the “Company”) issued a press release announcing its financial and operational results for the quarter ended June 30, 2020. The press release is attached hereto as Exhibit 99.1 under Item 9.01, Financial Statements and Exhibits and is incorporated by reference herein.

The information contained in this Form 8-K provided under Item 2.02 and Exhibit 99.1 attached hereto are furnished to, but shall not be deemed filed with, the Securities and Exchange Commission or incorporated by reference into the Company's filings under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

See Item 2.02 relating to a press release issued by the Company on August 13, 2020.

On August 13, 2020, the Company’s executives held a conference call to deliver investors a presentation of the Company’s second quarter end results. The Company released presentation materials that incorporate the Company’s second quarter 2020 update, expected customer product rollout, recent highlights, and management of the impact of COVID-19. The presentation materials of the conference call are hereby furnished as Exhibit 99.2 under Item 9.01, Financial Statements and Exhibits and is incorporated by reference herein.

The information contained in this Form 8-K provided under Item 7.01 and Exhibits 99.1 and 99.2 attached hereto are furnished to, but shall not be deemed filed with, the Securities and Exchange Commission or incorporated by reference into the Company's filings under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

Forward-Looking Statements

Exhibits 99.1 and 99.2 contain, and may implicate, forward-looking statements regarding the Company, and include cautionary statements identifying important factors that could cause actual results to differ materially from those anticipated.

SIGNATURES

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.

Exhibit 99.1

Summit Wireless Technologies Provides Second Quarter 2020 Update

- Accelerating digital marketing campaigns, WiSA Wave to drive revenue -

- WiSA leading wireless, multichannel audio solutions for TV; adds SKYWORTH, largest producer of TV products in China –

San Jose, CA – August 13, 2020 -- Summit Wireless Technologies, Inc. (NASDAQ: WISA), a leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems and founding member of the WiSA Association, provided an update for the second quarter ended June 30, 2020.

“Significant WiSA additions, such as SKYWORTH; tremendous growth in consumer interest; the launch of our new, direct-to-consumer marketing program - the WiSA Wave; and increased financial strength, position the company for second half 2020 growth,” said Brett Moyer, CEO of Summit Wireless. “WiSA’s digital audience is growing rapidly, and we expect wisaassociation.org web traffic to reach 250,000 visitors by Black Friday/Cyber Monday in November this year. Each visitor represents a high-value, self-selected consumer seamlessly transitioning to our members’ unique landing page via the cost-effective, WiSA Wave marketing program. Capitalizing on current trends, WiSA Wave provides our members with customized campaigns and access to the association’s robust consumer database and analytics.

“Further, we are increasing our momentum in TV display, leveraging our leadership in the premium 8K TV category. Our recent WiSA member SKYWORTH, the largest producer of TV products in China, expects to announce its first product this month. And, we expect more TV display partners in the first half of 2021. Our speaker design pipeline is on track, and in-market projects are projected to increase over 3 times, to 18+ in the third quarter of 2020, compared to the same period last year. Our universal transmitter with Dolby Atmos^® capabilities is progressing as planned toward its pre-holiday launch, which will target approximately 800 million smart TVs enabled with HDMI ARC capabilities. These endeavors are enabled by our improved financial flexibility, that we believe will drive growth in the second half of 2020 and first half of 2021.”

Recent Highlights

WiSA: The Wireless Speaker and Audio Association

Corporate

Summit Wireless Investor Update Conference Call

Summit Wireless will host a conference call at 1:30 p.m. PT / 4:30 p.m. ET on Thursday, August 13, 2020 to provide a business update. Shareholders and interested participants may listen to a live broadcast of the conference call by dialing 877-423-9813 or 201-689-8573 and referencing code 13707499 approximately 10 minutes prior to the start time and view accompanying slides at https://ir.summitwireless.com/events. To bypass the operator and receive a call rather than dialing in, please use the following link approximately 15 minutes prior to the call. A live webcast of the call and accompanying slide presentation will be on the investor relations section of the company’s website and available for approximately one year. An audio archive can be accessed for one week by dialing 844-512-2921 or 412-317-6671 and entering conference ID 13707499.

About Summit Wireless Technologies, Inc.

Summit Wireless Technologies, Inc. (NASDAQ: WISA) is a leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems. Working with leading CE brands and manufacturers such as Harman International, a division of Samsung, LG Electronics, Klipsch, Bang & Olufsen, Xbox, a subsidiary of Microsoft, and others, Summit Wireless delivers seamless, dynamic audio experiences for high-definition content, including movies and video, music, sports, gaming/esports, and more. Summit Wireless is a founding member of WiSA, the Wireless Speaker and Audio Association and works in joint partnership to champion the most reliable interoperability standards across the audio industry. Summit Wireless is headquartered in San Jose, CA with sales teams in Taiwan, China, Japan, and Korea. For more information, please visit: www.summitwireless.com.

About WiSA, LLC

WiSA, the (Wireless Speaker and Audio) Association is a consumer electronics consortium dedicated to creating interoperability standards utilized by leading brands and manufacturers to deliver immersive sound via intelligent devices. WiSA Certified components from any member brand can be combined to dramatically increase the enjoyment of movies and video, music, sports, gaming/esports, and more. WiSA also ensures robust, high definition, multi-channel, low latency audio while eliminating the complicated set-up of traditional audio systems. For more information about WiSA, please visit: www.wisaassociation.org.

* WiSA Ready TVs, gaming PCs and console systems are "ready" to transmit audio to WiSA Certified speakers when a WiSA USB Transmitter is plugged in and a user interface is activated through an APP or product design like LG TVs.

© 2020 Summit Wireless Technologies, Inc. All rights reserved. Summit Wireless Technologies and the Summit Wireless logo are trademarks of Summit Wireless Technologies, Inc. The WiSA logo, WiSA, WiSA Ready, and WiSA Certified are trademarks, or certification marks of WiSA LLC. Third-party trade names, trademarks and product names are the intellectual property of their respective owners and product names are the intellectual property of their respective owners.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties impacting Summit Wireless’ business including, current macroeconomic uncertainties associated with the COVID-19 pandemic, our ability to predict the timing of design wins entering production and the potential future revenue associated with our design wins; our rate of growth; our ability to predict customer demand for our existing and future products and to secure adequate manufacturing capacity; consumer demand conditions affecting our customer’s end markets; our ability to hire, retain and motivate employees; the effects of competition, including price competition; technological, regulatory and legal developments; developments in the economy and financial markets and other risks detailed from time to time in Summit Wireless’ filings with the Securities and Exchange Commission.

Contact Information

Kirsten Chapman, LHA Investor Relations, 415.433.3777, [email protected]

Exhibit 99.2

The New Industry Standard for Immersive Wireless Sound Summit Wireless Technologies, Inc. (NASDAQ: WISA) Second Quarter 2020 Results Conference Call as of August 13, 2020

2 NASDAQ: WISA Forward Looking Statements This presentation contains forward - looking statements within the meaning of Section 27 A of the Securities Act of 1933 , as amended, and Section 21 E of the Securities Exchange Act of 1934 , as amended . Readers are cautioned not to place undue reliance on these forward - looking statements . Actual results may differ materially from those indicated by these forward - looking statements as a result of risks and uncertainties impacting Summit Wireless’ business including, current macroeconomic uncertainties associated with the COVID - 19 pandemic, our the ability to predict the timing of design wins entering production and the potential future revenue associated with design wins ; rate of growth ; the ability to predict customer demand for existing and future products and to secure adequate manufacturing capacity ; consumer demand conditions affecting customers’ end markets ; the ability to hire, retain and motivate employees ; the effects of competition, including price competition ; technological, regulatory and legal developments ; developments in the economy and financial markets and other risks detailed from time to time in Summit Wireless’ filings with the Securities and Exchange Commission . * WiSA Ready TVs, gaming PCs and console systems are "ready" to transmit audio to WiSA Certified speakers when a WiSA USB Transmitter is plugged in and a user interface is activated through an APP or product design like LG TVs. © 2020 Summit Wireless Technologies, Inc. All rights reserved. Summit Wireless Technologies and the Summit Wireless logo are trademarks of Summit Wireless Technologies, Inc. The WiSA logo, WiSA, WiSA Ready, and WiSA Certified are trademarks, or certification marks of WiSA LLC. Third - party trade names, trademarks and product names are the intellectual property of their respective owners and product names are the intellectual property of their respective owners.

3 NASDAQ: WISA Technology and Industry Standard Association Summit Rx RF Module Summit ASIC Speakers SWS997 4 WiSA: Audio industry standard Technology portfolio; ASICS, modules, IP 60+ WiSA Brands; TVs, speakers, media devices, and ODMs Summit: Wireless Immersive Sound for Smart Devices

4 NASDAQ: WISA WiSA Association: Building a Standard • WiSA (Wireless Speaker and Audio) Association founded by Summit Wireless Technologies • 60+ leading consumer electronics brands meet strict requirements for interoperability • Championing the most reliable, global interoperability standards across the audio industry for high definition, multi - channel, low latency audio AVRs TVs XBOX Windows 10 Surface Pro Sources Speakers iPhone Consumers Win • Greater simplicity • Greater access to content • Lower cost to enable

5 NASDAQ: WISA WiSA Association Boasts Tier - 1 Members OTHER KEY MEMBERS TRANSMIT + SPEAKER MEMBERS ( ) ( ) DISPLAY MEMBERS ( ) System Audio A/S

6 NASDAQ: WISA Topics for August 13, 2020 Call Traction and strategies driving an exciting Fall selling season. • Managing COVID - 19 Impact • Expanding Display (TV/Projector) Design Wins • Expanding Speaker Products • Launching WiSA Marketing Initiative: The Wave • Strengthening Corporate Position

7 NASDAQ: WISA Managing COVID - 19 Impact • Robust design pipeline of speaker projects on track, no material delays • In - market Q3 projects expected to increase 3X from 6 to 18+ YOY • 45% of Q2 revenue contributed from new products • Anecdotally, consumer purchases of speakers were slow in March – May largely as a results of closed retail stores • Larger brands have reported stronger sales direct to consumer in the later half of Q2 and Q3, but not enough to offset lost revenue at retail • The WiSA Wave marketing program is designed to meet the needs of direct to consumer sales and support retailers as they open up

8 NASDAQ: WISA WiSA Display Penetration Continues • SKYWORTH joined WiSA in July • Largest domestic Chinese TV manufacturer • 1 st product scheduled to be announced in August • Multiple brands with other products in prototype development • Tier 1 Laser Projector brand scheduled for Q4 launch • Expect 5 to 7 brands actively supporting WiSA in H1 2021 ( ) ( ) ( ) DISPLAY MEMBERS

9 NASDAQ: WISA Speaker Designs Rolling Out B&O Beo Series 17/18/19/20/50/90 Harman Citation Bar/Tower/Sub/Surround Harman HK Surround Harman MultiBeam 700 Lexicon LS - 1 Klipsch Reference Wireless Enclave Cinehome II Enclave Pro THX Certified System Audio Legend 5/10/40/60 Silverback System Audio Legend 7 Silverback EC Living TANA L2 Axiim WM Tower/center/sub/ Surronds Savant Smart Audio Center Bar/Surrounds/Sub Ecler WiSpeak System Core/Tube/Cube Bouchardt A500/A700 Brand X - 1 Brand X - 2 Brand X - 3 Platin Monaco Products in Market Q3 • Grew 6 to 18+ systems YOY • Covers all distribution territories: North America, Asia/China, Europe • Covers all price points for 5.1: $799 to $20,000 • Covers all form factors: • Soundbars • Stereo for music • 3.1 for spatial sound across the room front & better dialog intonation from the speaker • 5.1 for true surround sound • 7.1 for surround sound in larger rooms • Dolby Atmos for ceiling audio

10 NASDAQ: WISA WiSA Universal Transmitter Launching WiSA SoundSend Wireless Audio Transmitter Mobile App Retail Packaging • Connects all WiSA Certified speakers to smart TVs with HDMI ARC ~800M worldwide • In production in September • WiSA will distribute to ensure worldwide availability and support

11 NASDAQ: WISA WiSA Wave: Direct to Consumer Marketing • The breadth of WiSA Certified™ products has reached critical mass • Each WiSA product has unique branding, design, pricing, and marketing message creating the ability to cross populate consumer targets • Retail will be an evolving channel constrained by COVID - 19 • Direct to consumer marketing and sales will be the driving success factor for our brands • Digital marketing can be used to drive sales to the brand’s store, to specific e - tailers , and to either individual store locations or retailers

12 NASDAQ: WISA Leveraging Growing Digital Audience • WiSA’s web traffic is growing rapidly • Each visitor educates themselves on WiSA for ~ 1 minute 45 seconds • Building WiSA consumers digital profiles and databases enables cost effective marketing High Value Consumers for Remarketing by Our Members

13 NASDAQ: WISA Corporate Update • $12.1M in cash and equivalents at 6/30/20, after $2.0M bridge loan paid off • Regained compliance with NASDAQ • Strengthened the board, naming Sri Peruvemba director • Extensive contacts in display industry • Seasoned technology marketer • Q2 2020 Results • Revenue down slightly, due to retail shutdowns that were mostly offset by new product launches • Opex decreased again, with slight increase anticipated in Q3 2020 Q4 ‘20 Q1 ‘20 Q2 ‘20 Q3 ‘20 $2.9M $2.7M $2.0M $2.4M

14 NASDAQ: WISA Ecosystem Built; Products Launching Expanding Market CE & OEMs embedding audio standard to intelligent devices & next - gen home entertainment Global Interoperability Standard IP Portfolio and TM 15 patents issued/pending covering key claims + WiSA™ Paradigm Shifts Create Opportunity Attractive & Highly Scalable Model • Expanding WiSA membership • Launching WiSA Certified™ and WiSA Ready ™ platforms • Growing retail presence with lower priced products • Increasing multi - brand cross - category marketing accelerating consumer awareness/demand Personal Whole House Immersive Sound