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): March 1, 2007
ClearOne Communications, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Utah
(State or Other Jurisdiction of Incorporation)
000-17219 | | 87-0398877 |
| (Commission File Number) | | (I.R.S. employer identification number) |
5225 Wiley Post Way, Suite 500, Salt Lake City, Utah | | 84116 |
| (Address of principal executive offices) | | (Zip Code) |
(801) 975-7200
(Registrant’s Telephone Number, Including Area Code)
Not applicable
(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 30.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 40.14a-12)
[ ] Pre-commencement communications 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))
Item 8.01 Other Events.
ClearOne Communications, Inc. (“CLRO”) received notification on February 28, 2007 from the Internal Revenue Service that after Joint Committee examination, CLRO’s $3.1 million refund request has been approved for payment in addition to approximately $326,000 in interest. CLRO expects to receive payment within the next two weeks.
Investors should be aware that the refund is related primarily to CLRO’s amended income tax returns for prior fiscal years, and that $3.1 million has been recognized as a receivable on CLRO’s balance sheet in prior SEC Form 10-Q and 10-K filings.
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.
| | CLEARONE COMMUNICATIONS, INC. |
| | | |
| | | |
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| Date: March 1, 2007 | By: | /s/ Greg LeClaire |
| | | Greg LeClaire |
| | | Chief Financial Officer |
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