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): May 9, 2007
COBRA ELECTRONICS CORPORATION
(Exact Name of Registrant as Specified in Charter)
| | | | |
| Delaware | | 0-511 | | 36-2479991 |
(State or Other Jurisdiction
of Incorporation) | | (Commission File Number) | | (IRS Employer
Identification No.) |
| | |
| 6500 West Cortland Street, Chicago, Illinois | | 60707 |
| (Address of Principal Executive Offices) | | (Zip Code) |
Registrant’s Telephone Number, Including Area Code: (773) 889-8870
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:
| ¨ | 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)) |
Item 8.01.Other Events.
On May 9, 2007, Cobra Electronics Corporation (the “Company”) announced that James R. Bazet, President and Chief Executive Officer of the Company, adopted a stock sales plan in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The press release of the Company is attached hereto as Exhibit 99-1 and incorporated herein by reference.
In connection with the adoption of the stock sales plan by Mr. Bazet, the Board of Directors of the Company amended the Company’s Code of Business Conduct and Ethics for Officers, Senior Financial Accounting and Financial Personnel and Directors to permit sales of shares of the Company pursuant to sales plans adopted pursuant to Rule 10b5-1 under the Exchange Act if such sales plans are pre-approved by the Company’s Board of Directors or Goverance and Nominating Committee.
Item 9.01.Exhibits.
(d) The following is a list of the exhibits filed herewith.
| | |
| Exhibit No. | | Description of Exhibit |
| 99-1 | | Press release dated May 9, 2007 issued by Cobra Electronics Corporation |
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.
| | |
| COBRA ELECTRONICS CORPORATION |
| |
| By: | | /s/ Michael Smith |
| Name: | | Michael Smith |
| Title: | | Senior Vice President and Chief Financial Officer |
Date: May 14, 2007
EXHIBIT INDEX
The following is a list of the exhibits filed herewith.
| | |
| Exhibit No. | | Description of Exhibit |
| 99-1 | | Press release dated May 9, 2007 issued by Cobra Electronics Corporation |
