SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): April 15, 2005
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CROSSROADS SYSTEMS, INC.
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(Exact Name of Registrant as Specified in Its Charter)
000-30362
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(Commission File Number)
Delaware 74-2846643
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(State of Other Jurisdiction of Incorporation) (IRS Employer
Identification No.)
8300 North MoPac Expressway, Austin, Texas 78759
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(Address of Principal Executive Offices) (Zip Code)
(512) 349-0300
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(Registrant's Telephone Number, Including Area Code)
N/A
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(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 registration under any of
the following provisions (see General Instruction A.2. below):
|_| 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 5.02 Departure of Directors or Principal Officers;
Election of Directors; Appointment of Principal
Officers.
(d) On April 15, 2005, the board of directors of Crossroads Systems, Inc.
elected Dr. Ashok K. Chandra, 56, as a Class II director, to serve until the
2006 annual meeting of stockholders.
Dr. Chandra brings over 25 years of experience in the information
technology industry. Currently, he serves as President and Chief Executive
Officer of Contessence Software, a private software company that he founded.
Prior to founding Contessence Software, Dr. Chandra served as Interim CEO of
SpeeDEV Inc., a private enterprise lifecycle management software company. From
March 2000 to September 2003, Dr. Chandra served as Senior Vice President of
Development and New Business Activities at Verity, Inc., a public enterprise
software company, where he was responsible for repositioning the business and
for product development. Prior to joining Verity, he served as Director of
Database and Distributed Systems at IBM Almaden, and also managed the Computer
Science Department. Dr. Chandra and his team were instrumental in major IBM
products including the DB2 database system, TSM storage system, and the
Trackpoint device in laptops. Dr. Chandra holds a B.Tech from IIT Kanpur, an
M.S. from the University of California, and a Ph.D. from Stanford University.
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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 hereunto duly authorized.
CROSSROADS SYSTEMS, INC.
Dated: April 21, 2005 By: /s/ Rob Sims
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Rob Sims
President and Chief
Executive Officer
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