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 12, 2006
EXTREME NETWORKS, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 000-25711 | 77-0430270 | ||
| (State or other jurisdiction of incorporation) |
(Commission File No.) | (I.R.S. Employer Identification No.) |
3585 Monroe Street
Santa Clara, California 95051
(Address of principal executive offices)
Registrant’s telephone number, including area code:
(408) 579-2800
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):
| ¨ | 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.
On May 12, 2006, Extreme Networks, Inc. issued a press release announcing the retirement of Gordon L. Stitt, the Company’s President and Chief Executive Officer.
A press release announcing Mr. Stitt’s retirement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press Release dated May 12, 2006 announcing leadership transition. |
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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: May 16, 2006
| EXTREME NETWORKS, INC. | ||
| By: | /s/ William R. Slakey | |
| William R. Slakey | ||
| Chief Financial Officer | ||
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Exhibit 99.1
FOR IMMEDIATE RELEASE
For more information, please contact
Extreme Networks Public Relations
Greg Cross
408/579-3483
gcross@extremenetworks.com
EXTREME NETWORKS ANNOUNCES LEADERSHIP TRANSITION
President and CEO, Gordon Stitt to Retire Upon Appointment of Successor
SANTA CLARA, Calif., May 12, 2006 – Extreme Networks®, Inc. (Nasdaq: EXTR) today announced that its President and Chief Executive Officer, Gordon Stitt plans to retire during the 2006 calendar year after 10 years in the position. The Board of Directors has formed a search committee, led by an independent director, to search for and select a new CEO. Mr. Stitt will be active in finding his replacement, and will continue to lead the company until that replacement is found. Upon the appointment of a new CEO, Mr. Stitt will assume the position of Chairman of the Board of Directors.
“Gordon has been with Extreme Networks since day one and has built a remarkable global organization,” said Mike West, Extreme’s Chairman of the Board. “He has guided the Company from inception, through incredible growth, built a tremendous base of world-class customers and led with grace through some great challenges. We are well positioned to recruit an outstanding CEO to build on our success, and Gordon’s on-going guidance and continuing role as Chairman of the Board will ensure a seamless transition.”
Extreme Networks, Inc.
Extreme Networks is the leader in open converged networks. Its innovative network architecture provides Enterprises and Metro Service Providers with the resiliency, adaptability and simplicity required for a true converged network that supports voice, video and data over wired and wireless infrastructures while delivering high-performance and advanced security features. For more information, please visit http://www.extremenetworks.com
Except for the historical information contained herein, the matters set forth in this press release, including without limitation the performance, functionality and scalability of Extreme Networks’ products are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements speak only as of the date. Because such statements deal with future events, they are subject to risks and uncertainties, including network design, actual product performance, and use of the products in different environments and configurations. We undertake no obligation to update the forward-looking information in this release. Other important factors which could cause actual results to differ materially are contained in the Company’s 10-Qs and 10-Ks which are on file with the Securities and Exchange Commission (http://www.sec.gov).
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Extreme Networks is a registered trademark of Extreme Networks, Inc. in the United States and/or other countries.