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: November 15, 1999
AMBIENT CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-23723 98-0166007
(State or Other Jurisdiction Commission File IRS Employer
of Incorporation) Number) Identification No.)
270 Madison Avenue, New York, New York 10016
(Address of Principal Executive Offices)
888-861-0205
(Registrant's Telephone Number, including Area Code)
------------------
<PAGE>
INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 5. OTHER EVENTS
Michael Braunhold, a resident of Israel, has been designated to serve on
the Board of Directors of Ambient Corporation (the "Company"). Mr. Braunhold
serves as Chief Executive Officer and Chairman of the Board of SPO Ltd., an
Israeli company that specializes in medical technology related to pulse oximetry
techniques, a position which he has held since March, 1998 and which he will
continue to hold following his designation to the Company's Board of Directors.
Prior to this assignment, Mr. Braunold was Senior Director of Business
Development at Scitex Corporation Ltd., a multinational corporation specializing
in visual information communication. As part of his corporate role, Mr. Braunold
played a strategic role in managing a team of professionals assigned to M&A
activities. During his 12-year tenure at Scitex, he held various positions
within the worldwide organization including a period in the US as Vice President
of a Scitex US subsidiary company specializing in medical imaging. Mr. Braunold
originates from the UK where he obtained a B.Sc. in Management Sciences and a
Master of Business Administration from Imperial College Business School, London.
Jacob Davidson has resigned from the positions he held in the Company as
Chairman of the Board of Directors, President and Chief Executive Officer. Eli
Wurtman has resigned from the positions he held with the Company as Secretary
and a Director.
Aryeh Weinberg, the Company Chief Financial Officer, has been elected to
serve as the Company's acting Chief Executive Officer, pending the retention by
the Board of a full-time chief executive officer, and has been designated to
serve on the Company's Board of Directors.
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.
Date: November 15, 1999 AMBIENT CORPORATION
By: /s/ Aryeh Weinberg
Aryeh Weinberg
Acting Chief Executive Officer &
Chief Financial Officer
