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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): February 22, 2000
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OAK TECHNOLOGY, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-25298 77-01614
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
139 Kifer Court, Sunnyvale, California 94086
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(Address of Principal Executive Offices) (Zip Code)
Company's telephone number, including area code: (408) 737-0888
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
On February 22, 2000, the Registrant announced that it had appointed
John S. Edmunds to the position of Vice President of Finance and Chief
Financial Officer to replace Robert O. Hersh, the former Chief Financial
Officer of the Registrant, who is leaving the Registrant to pursue other
interests. A copy of the press release of the Registrant with respect to the
appointment of Mr. Edmunds is included herein as Exhibit 99.1. Such press
release is incorporated by reference into this Item 5.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
99.1 - Press release dated February 22, 2000.
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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.
Dated: February 29, 2000.
OAK TECHNOLOGY, INC.
By: /s/ Shawn M. Soderberg
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Shawn M. Soderberg
Vice President, General Counsel
and Secretary
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EXHIBIT INDEX
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Exhibit
Number
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99.1 - Press release dated February 22, 2000 announcing the
appointment of John S. Edmunds to the position of Vice
President of Finance and Chief Financial Officer.
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EXHIBIT 99.1
OAK APPOINTS JOHN S. EDMUNDS TO THE POSITION OF VICE PRESIDENT OF
FINANCE AND CHIEF FINANCIAL OFFICER
SUNNYVALE, CA. (February 22, 2000) --- Oak Technology (NASDAQ:OAKT), a
provider of embedded software and semiconductor solutions for the storage and
distribution of digital content, today announced that John S. Edmunds has
joined the company as Vice President of Finance and Chief Financial Officer.
Mr. Edmunds replaces Robert Hersh, the former CFO, who will be leaving the
company to pursue other interests.
"John brings seasoned financial discipline acquired from his
experience with large-growth oriented technology companies in Silicon
Valley," said Mr. Sohn, CEO and President of Oak. "One of my highest
priorities in building a successful company has been establishing a proven
management team. John's breadth and experience with leading high technology
companies for 20 years including Electronics for Imaging (EFI) and Tandem
Computers will certainly benefit our company."
Mr. Edmunds joins Oak directly from EFI, currently a $ 570 million
dollar leader in imaging technology, where he served as Corporate Controller
and Director of Internal Audit. Prior to that, he spent 11 years with Tandem
Computers helping to lead various business units in Manufacturing, Sales and
Corporate Finance including his last position as Vice President of Tandem
Computers Credit Corp. John is also a C.P.A. with 7 years of public company
oriented audit experience with Coopers & Lybrand in both San Francisco and
San Jose.
"I joined Oak not only because of its strong technology position in
Optical Storage, but also because of Oak's very promising future in Imaging,
where its software technology can be leveraged by its experience and depth in
semiconductors. I wanted to be part of this exciting opportunity in helping
to lead the company through the financial aspects of this turnaround," said
Mr. Edmunds.
ABOUT OAK TECHNOLOGY
Founded in 1987 and public since February 1995, Oak Technology, Inc. designs,
develops and markets embedded software and semiconductor solutions to
original equipment manufacturers (OEMs) worldwide who serve the optical
storage, consumer electronics and digital imaging markets. Major customers
include Canon, HP, LG Electronics, Minolta, Samsung, Sharp, Toshiba and
Xerox. Oak's principal development sites are located in California,
Massachusetts, Taiwan and Germany. Sales operations are located in Japan,
Taiwan, China and Korea as well as the United States. Additional information
about Oak Technology and its products can be found on the World Wide Web at
www.oaktech.com.
