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 24, 2007 (September 18, 2007)
OVERLAND STORAGE, INC.
(Exact name of registrant as specified in its charter)
California | | 000-22071 | | 95-3535285 |
(State or other jurisdiction | | (Commission | | (I.R.S. Employer |
of incorporation) | | File Number) | | Identification No.) |
| | | | |
4820 Overland Avenue, San Diego, California 92123 |
(Address of principal executive offices, including zip code) |
|
(858) 571-5555 |
(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 (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 18, 2007, Michael Kerman, our Vice President of Worldwide Marketing and Chief Strategy Officer, notified us that he will be resigning from our company effective October 3, 2007.
Item 8.01. Other Events.
On September 22, 2007, our board of directors appointed Scott McClendon, our Chairman of the Board (and an independent director), to serve as the third member of our audit committee. As a result, we have regained compliance with Nasdaq Marketplace Rule 4350(d)(2)(A), which requires the audit committee of each listed issuer to have at least three independent members.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
| OVERLAND STORAGE, INC. | | |
| | | | |
| | | | |
Date: September 24, 2007 | | /s/ Vernon A. LoForti | | |
| By: | Vernon A. LoForti | | |
| | President and Chief Executive
Officer |
2
