RMBS 8-K
Rambus Inc (RMBS)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On July 27, 2023, Rambus Inc. (the “Company”) appointed John Allen to the position of Vice President, Accounting and Chief Accounting Officer, effective as of August 1, 2023.
Mr. Allen currently serves as the Company’s Vice President, Accounting and has served in that role since March 2023. Previously, Mr. Allen served as Senior Vice President, Corporate Controller of Xperi Inc., a consumer and entertainment technology company, from 2012 to March 2023. Mr. Allen received a BA degree in Business Economics from the University of California, Santa Barbara in 1985.
There is no arrangement or understanding between Mr. Allen and any other person pursuant to which Mr. Allen was appointed as Vice President, Accounting and Chief Accounting Officer. There are no family relationships between Mr. Allen and any director or executive officer of the Company, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Mr. Allen’s annual compensation consists of a base salary of $350,000, a target bonus of $140,000, and a restricted stock unit grant of $450,000.
In accordance with the Company’s customary practice, the Company will enter into its standard form of indemnification agreement with Mr. Allen, which will require the Company to indemnify him against certain liabilities that may arise as a result of his status or service as an officer. Mr. Allen will also be eligible to participate in the Company’s benefits plans, policies, and arrangements applicable to other executive officers of the Company.
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.
| Date: August 2, 2023 | Rambus Inc. | |||||
| /s/ John Shinn | ||||||
| John Shinn Senior Vice President and General Counsel | ||||||