8-K
Impinj Inc (PI)
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): February 6, 2020
Impinj, Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 001-37824 | 91-2041398 |
|---|---|---|
| (State or other jurisdiction<br><br><br>of incorporation) | (Commission<br><br><br>File Number) | (I.R.S. Employer<br><br><br>Identification No.) |
400 Fairview Avenue North, Suite 1200
Seattle, Washington 98109
(Address of Principal Executive Offices, and Zip Code)
(206) 517-5300
(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 communication 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 communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| --- | --- |
| ☐ | Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| --- | --- |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock, par value $0.001 per share | PI | The Nasdaq Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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 February 6, 2020, Eric Brodersen, President and Chief Operating Officer of Impinj, Inc. (the “Company”), notified the Company that he is resigning as the Company’s President and Chief Operating Officer, effective March 6, 2020.
A copy of the Company’s press release announcing the resignation of Mr. Brodersen has been filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
|---|
(d) Exhibits
| Exhibit | Description |
|---|---|
| 99.1 | Press Release, dated as of February 7, 2020. |
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.
| Impinj, Inc. | ||
|---|---|---|
| Date: February 7, 2020 | By: | /s/ Chris Diorio |
| Chris Diorio | ||
| Chief Executive Officer |
pi-ex991_6.htm
Exhibit 99.1
Impinj Announces Departure of Eric Brodersen, President and COO
SEATTLE, February 7, 2020 – Impinj, Inc. (NASDAQ: PI), a leading provider and pioneer of RAIN RFID solutions for identifying, locating and authenticating everyday items, today reported that its President and Chief Operating Officer, Eric Brodersen, has decided to step down effective March 6, 2020.
“I am immensely proud of, and humbled by, Impinj’s many accomplishments during my tenure highlighted by our success enabling partners and end customers with a platform that gives digital life to everyday items,” said Brodersen. “The power of our strategic direction and the strength of our current management team provide me the opportunity to step back with confidence. I plan to spend time traveling and with my family before pursuing other opportunities.”
Said CEO and co-founder Chris Diorio, “I am forever grateful to Eric for his leadership and tireless support over the past five years building and growing our strategic and operational capacity across our products, culture, finances, operations and go-to-market activities. Eric contributed to innumerable Impinj successes including the company’s 2016 IPO and follow-on financings and its launch of industry-leading products such as the Impinj M700 endpoint IC family and R700 reader family. He also made major contributions to our platform architecture and strategy. Impinj has grown into a far stronger organization under his leadership and I wish him the very best.”
Impinj does not plan to backfill the President and Chief Operating Officer position at the present time.
About Impinj
Impinj (NASDAQ: PI) helps businesses and people analyze, optimize, and innovate by wirelessly connecting billions of everyday things — such as apparel, automobile parts, luggage, and shipments — to the Internet. The Impinj platform uses RAIN RFID to deliver timely data about these everyday things to business and consumer applications, enabling a boundless Internet of Things. www.impinj.com
For more information, contact:
Investor Relations
+1 206-315-4470
ir@impinj.com
Media Relations Jill West
Sr. Director, Marketing & Communications
+1 206-834-1110
jwest@impinj.com
