Harmonic Inc. Announces Board and Executive Changes
Ticker: HLIT · Form: 8-K · Filed: Aug 21, 2024 · CIK: 851310
| Field | Detail |
|---|---|
| Company | Harmonic Inc (HLIT) |
| Form Type | 8-K |
| Filed Date | Aug 21, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, board-changes, management-transition
Related Tickers: HLIT
TL;DR
Harmonic Inc. shakes up leadership: CFO out, new director in, and new Board Chair appointed.
AI Summary
Harmonic Inc. announced on August 19, 2024, a series of executive changes. These include the appointment of Peter L. McCrea as a new director and the election of Todd M. Smith as Chairman of the Board. Additionally, the company announced the departure of its Chief Financial Officer, Michael R. Reich, effective August 19, 2024.
Why It Matters
Changes in board composition and executive leadership can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and operational stability.
Key Players & Entities
- Harmonic Inc. (company) — Registrant
- Peter L. McCrea (person) — Newly appointed director
- Todd M. Smith (person) — Elected Chairman of the Board
- Michael R. Reich (person) — Departing Chief Financial Officer
- August 19, 2024 (date) — Effective date of changes
FAQ
Who has been appointed as the new director of Harmonic Inc.?
Peter L. McCrea has been appointed as a new director of Harmonic Inc.
Who has been elected as the new Chairman of the Board?
Todd M. Smith has been elected as the new Chairman of the Board.
Who is departing as Chief Financial Officer?
Michael R. Reich is departing as Chief Financial Officer.
What is the effective date of these executive and board changes?
The changes are effective as of August 19, 2024.
What is Harmonic Inc.'s principal executive office address?
Harmonic Inc.'s principal executive office is located at 2590 Orchard Parkway, San Jose, CA 95131.
Filing Stats: 580 words · 2 min read · ~2 pages · Grade level 10.2 · Accepted 2024-08-21 16:20:17
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share HLIT The NASDAQ Global Select
Filing Documents
- hlit-20240819.htm (8-K) — 31KB
- hlit-20240821pressrelease.htm (EX-99.1) — 9KB
- logopra07a.jpg (GRAPHIC) — 7KB
- pressreleasea29a.jpg (GRAPHIC) — 2KB
- 0000851310-24-000079.txt ( ) — 179KB
- hlit-20240819.xsd (EX-101.SCH) — 3KB
- hlit-20240819_lab.xml (EX-101.LAB) — 21KB
- hlit-20240819_pre.xml (EX-101.PRE) — 12KB
- hlit-20240819_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1* Form of Indemnification Agreement 99.1 Press release of Harmonic Inc. dated August 2 1 , 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Incorporated by reference to Exhibit 10.1 filed with the Company's Registration Statement on Form S-1 (File No. 33-90752).
SIGNATURES
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. Date: August 21, 2024 HARMONIC INC. By: /s/ Timothy C. Chu Timothy C. Chu General Counsel, SVP HR and Corporate Secretary