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): September 28, 2023
Techpoint, Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware | 000-55843 | 80-0806545 |
(State or other jurisdiction of incorporation or organization) | Commission File Number: | (I.R.S. Employer |
2550 N. First Street, #550 San Jose, CA USA (408) 324-0588 | 95131 |
(Address of principal executive offices) | (Zip 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)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
| Trading Symbol(s) |
| Name of each exchange on which registered |
Japanese Depositary Shares, each representing one |
| M-6697 |
| Tokyo Stock Exchange (Growth Market) |
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 ☐
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 September 28, 2023, the Board of Directors (the “Board”) of Techpoint, Inc. (the “Company”) appointed Darron Ma, the Company’s General Manager and Vice President of Worldwide Sales and Marketing, to serve as the Company’s Chief Operating Officer, effective October 1, 2023.
Mr. Ma, age 45, has served as the Company’s General Manager and Vice President of Worldwide Sales and Marketing since October 2013. Prior to that, Mr. Ma served as Vice President and General Manager of the Video Products Group at Conexant Systems, Inc., a fabless semiconductor company, from February 2012 to October 2013. From November 2010 to January 2012, Mr. Ma served as Director of Worldwide Marketing for Video Signal Processing at Intersil Corporation, an analog, mixed-signal semiconductor company. Prior to that, from July 2004 to November 2010, Mr. Ma served in various positions at Techwell Inc., a semiconductor company, including as President and Executive Director, Greater China. Mr. Ma holds a B.S. in Electrical Engineering and Computer Science from University of California, Los Angeles.
Pursuant to an offer letter (the “Letter Agreement”), Mr. Ma will receive an annual base salary of $200,016 and will be eligible to receive 25,000 restricted stock units of the Company under the Company’s 2017 Stock Plan, which would vest over five years. In addition, Mr. Ma is eligible to participate in the Company’s employee benefits programs. Mr. Ma will also enter into the Company’s standard form of indemnification agreement for directors and executive officers.
The selection of Mr. Ma as Chief Operating Officer of the Company was not pursuant to any arrangement or understanding with respect to any other person. There are no family relationships between Mr. Ma and any director or executive officer of the Company, and there are no transactions between Mr. Ma and the Company that would be required to be reported under Item 404(a) of Regulation S-K.
The foregoing description of the Letter Agreement is qualified in its entirety by reference to such agreement, filed as Exhibit 10.1 to this Current Report on Form 8-K, which is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibit No. | Description | |
10.1# | ||
|
| |
104 |
| Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document). |
|
|
# Indicates management contract or compensatory plan or arrangement.
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 thereunto duly authorized.
Techpoint, Inc. | |||
Date: October 3, 2023 | By: | /s/ Fumihiro Kozato | |
Fumihiro Kozato | |||
President and Chief Executive Officer (Principal Executive Officer) |