UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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The |
Item 1.01 Entry into a Material Definitive Agreement.
As previously disclosed, ClearOne, Inc. (the “Company”) has been involved in several litigation proceedings (collectively, the “Litigations”) against Shure Incorporated (“Shure”) as more fully described in the Part I, Item 3 of the Company’s annual report on Form 10-K for the year ended December 31, 2021, as supplemented in Part II, Item 1 of the Company’s quarterly report on Form 10-Q for the quarter ended September 30, 2022.
On December 9, 2022, the Company and Shure entered into a confidential settlement and license agreement (the “Agreement”). Under the terms of the Agreement:
The foregoing summary is qualified entirely by reference to the Agreement, a copy of which is filed herewith as Exhibit 10.1 and incorporated herein by reference. In addition, a copy of the joint press release issued by the Company and Shure is filed herewith as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
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10.1* |
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99.1 |
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Joint Press Release of ClearOne, Inc. and Shure Incorporated dated December 9, 2022. |
104.1 |
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The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. |
* Certain confidential portions of this exhibit have been excluded from this exhibit in accordance with Rule 24b-2 because such information is (1) not material, and (2) the Company customarily and actually treats that information as private or confidential.
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.
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CLEARONE, INC. |
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Date: December 9, 2022 |
By: |
/s/ Narsi Narayanan |
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Narsi Narayanan |
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Chief Financial Officer (Principal Accounting and Principal Financial Officer) |