加仓1万 $UT斯达康(UTSI)$, $2.15.

6-K  - Report of foreign issuer [Rules 13a-16 and 15d-16]  Filed: 2016-01-12 AccNo: 0001144204-16-075211
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UTStarcom Names Tim Ti as New Chief Executive Officer and Announces Changes to its Board of Directors
 
 
HONG KONG, January 11, 2016 (GLOBE NEWSWIRE) -- UTStarcom (NASDAQ:UTSI), a global telecommunications infrastructure provider, today named Mr. Tim Ti as the Company’s new Chief Executive Officer (CEO) and announced changes to the board of directors, effective immediately.
 
Mr. Ti brings more than twenty years of business and management expertise to the Company. He previously served as the CEO of Virtual Gateway Labs, Inc., a subsidiary of UTStarcom. Prior to that, Mr. Ti served various roles at UTStarcom, including Senior Vice-President of Advanced Network Architecture Technologies, Senior Vice-President of Research & Development, and General Manager of the Broadband Business Unit. Before joining UTStarcom, Mr. Ti was the Director of Application & Marketing of Advanced Communication Devices Corporation, which was acquired by UTStarcom in 2001. He received a Master of Science degree in Computer Engineering from Santa Clara University in 1993.
 
“I am honored to have been given this opportunity to lead UTStarcom at an exciting juncture for the Company. UTStarcom has a talented and proven R&D and business development team that I have been privileged to lead for many years,” said Mr. Ti. “I am confident that together our team can deliver new and exciting products to meet fast and growing demand from our current and future customers.”
 
The Board has appointed Mr. Guoping Gu as a new director, effective January 11, 2016. Mr. William Wong has resigned from the Board. Mr. Wong has served as the CEO and as a director since August 2012.
 
Mr. Gu brings more than seventeen years of business and management expertise to UTStarcom's Board of Directors. He currently serves as the Chairman of the Board of Shanghai Phicomm Communication Co., Ltd. On December 4, 2015, Smart Soho, an investment holding company led by Mr. Gu, acquired 5,000,000 ordinary shares of UTStarcom and plans to acquire additional 6,739,932 ordinary shares in the first half of 2016.
 
“I appreciate the opportunity to serve as a member of the board of directors of UTStarcom,” said Mr. Gu. “The telecom and networking industry is undergoing rapid changes. I am very excited about the promising opportunities in front of us and have full confidence in the future growth of UTStarcom. Phicomm is a R&D oriented high technology company offering software and hardware solutions and products in cloud computing and data communication. I firmly believe the collaboration between UTStarcom and Phicomm will create a win-win situation for both companies.”
 
“I am very pleased to welcome Mr. Gu to our Board. UTStarcom looks forward to work closely with Phicomm to explore exciting opportunities around the globe,” said Mr. Himanshu Shah, chairman of the Board of UTStarcom. “Furthermore, Tim has demonstrated his leadership in his fourteen year tenure in various senior positions at UTStarcom and we could not be more pleased to appoint an executive of Tim’s experience and caliber to lead UTStarcom through its next stage of growth and achievement. I would also like to take this opportunity to thank William for his contribution to the company. Without his leadership, UTStarcom would not have completed its restructuring and built a solid foundation for future growth.”
 



 
 

 
The company will host a conference call to discuss the changes to the Company’s leadership. The call will take place at 8:00 a.m. U.S. Eastern Time on Tuesday, January 12, 2016 (9:00 p.m. Hong Kong/Beijing Time). The conference call dial-in numbers are as follows:
 
United States: +1-855-298-3404
New York: +1-631-514-2526
Canada: +1-855-842-3490
Hong Kong:+852-5808-3202
China: 4001-200-539
International: + 61-2-8524-5042
The attendee passcode is: 9905255
 
A replay of the call will be available two hours after the end of the conference call until 11:59p.m.U.S. Eastern Time on January 19, 2016.
 
The conference call replay numbers are as follows:
 
United States: +1-866-846-0868
Hong Kong: 800-966-697
China: 4001-842-240
International: +61-2-9641-7900
The replay passcode for accessing the recording is 9905255.
 
Investors will also have the opportunity to listen to the live conference call and the replay over the Internet through the investor relations section of UTStarcom’s web site at 网页链接.
 
About UTStarcom Holdings Corp.
 
UTStarcom (NASDAQ:UTSI) is a global telecom infrastructure provider dedicated to developing technology that will serve the rapidly growing demand for bandwidth from cloud-based services, mobile, streaming and other applications. We work with carriers globally, from Asia to the Americas, to meet this demand through a range of innovative broadband packet optical transport and wireless/fixed-line access products and solutions. The Company’s end-to-end broadband product portfolio, enhanced through in-house Software Defined Networking (SDN)-based orchestration, enables mobile and fixed-line network operators and enterprises worldwide to build highly efficient and resilient future-proof networks for a range of applications, including mobile backhaul, metro aggregation, broadband access and Wi-Fi data offload. Our strategic investments in media operational support service providers expand UTStarcom’s capabilities in the field of next generation video platforms. UTStarcom was founded in 1991, started trading on NASDAQ in 2000, and has operating entities in Tokyo, Japan; San Jose, USA; Hangzhou, China; Delhi and Bangalore, India. For more information about UTStarcom, please visit 网页链接.
 


 
 

 
For investor and media inquiries, please contact:
 
UTStarcom Holdings Corp.
Tel: +852-3951-9757
 
Fei Wang, Deputy Director, FP&A and IR
Email: fei.wang@utstar.com
 
Ning Jiang, Investor Relation
Email: njiang@utstar.com
 
John Evans, Petrus IR
Email: utsi@petrusir.com


新浪科技讯 北京时间1月11日下午消息，UT斯达康(Nasdaq:UTSI)任命狄天麟(Tim Ti)为新任公司CEO，并公布了部分董事会成员变更，该公告即时生效。
　　狄天麟拥有超过20年的行业和管理经验。他之前在UT斯达康担任过先进网络架构技术高级副总裁、研发高级副总裁和宽带业务部总经理等职位。
　　此外，UT斯达康还任命顾国平为新董事，黄绍球将离开公司董事会。(边策)

Item 6.Contracts,    Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
  


Item 6 of the Schedule is hereby amended by the addition of the following information:
On December 16, 2015, Acquirer, Phicomm HK and the Sellers entered into a second amendment to the Purchase Agreement which provides that the closing of the purchase and sale of the remaining 6,739,932 Ordinary Shares to be purchased by Acquirer will take place on January 8, 2016. In the event the closing does not occur on that date and the Purchase Agreement is terminated, a termination fee or a reverse termination fee may be payable, as provided in the Purchase Agreement.
The foregoing descriptions of certain terms of the second amendment to the Purchase Agreement in this Item 6 is not complete and is qualified in its entirety by reference to the full text of such agreement, which is an exhibit to this Schedule 13D and is hereby incorporated by reference into this Item 6. See Item 7.
 


Item 7.Materials    to be Filed as Exhibits


 
The following document is filed as an exhibit to this Schedule 13D (Amendment No. 1):
 


Exhibit    No.Document

  
99.6Second    Amendment dated December 16, 2015 to Purchase and Sale Agreement dated as of November 4, 2015 between The Smart Soho    International     Limited, Phicomm Technology (Hong Kong) Co., Limited Himanshu Shah, Shah Capital Management, Inc., Shah    Capital     Opportunity     Fund LP,     Hong Liang     Lu, Lu Charitable     Remainder Trust, The Lu Family Limited    Partnership and Lu     Family Trust     (filed     herewith).

On November 4, 2015, the Shah Parties and the Lu Parties entered into a Purchase and Sale Agreement (the “Agreement”) with The Smart Soho International Limited (“Smart Soho”) setting out certain terms of a transaction for the sale of 11,739,932 Ordinary Shares held by the Shah Parties and the Lu Parties to Smart Soho at a price of US$6.00 (the “Transaction”), subject to certain closing conditions. The closing of the payment of a first tranche of 91.67% of the aggregate consideration shall take place as soon as practicable as agreed among the parties, but in no event later than December 4, 2015, and the closing of payment of a second tranche of 8.33% of the aggregate consideration shall take place as soon as practicable after the first payment, but in no event later than January 8, 2016. The Agreement provides for a reverse termination fee of US$3.0 million payable by Smart Soho to the Shah Parties and the release of US$1.0 million deposited in an escrow account to the Shah Parties under certain conditions, and a termination fee of US$4.0 million payable by the Shah Parties and the Lu Parties to Smart Soho under certain conditions. The Agreement also contains conditions which, if satisfied, would enable Smart Soho to designate a majority of the Board of Directors of the Company.
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