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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):
September 14, 2000 (September 12, 2000)
AMERICAN TECHNOLOGY CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-24248 87-0361799
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(State or other jurisdiction of (Commission (I.R.S. Empl. Ident. No.)
incorporation or organization) File Number)
13114 Evening Creek Drive South, San Diego, California 92128
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(Address of principal executive offices) (Zip Code)
(858) 679-2114
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
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On September 12, 2000, American Technology Corporation (the "Company") appointed
Elwood G. Norris as Chairman of the Board of Directors and Chief Executive
Officer. Mr. Norris, who founded the Company, has been a director of the
Company and previously held the office of Chief Technology Officer. The Company
also appointed Terry Conrad as President. Mr. Conrad has held various positions
with the Company since July 10, 1998. He has over 15 years of sound industry
experience.
Cornelius J. Brosnan agreed to resign as the Company's Chairman, President and
Chief Executive Officer and as a director of the Company. The Company agreed to
pay Mr. Brosnan severance equal to nine months' base salary, and to treat such
resignation as a termination without cause under Mr. Brosnan's employment
agreement and existing options with the Company. Mr. Brosnan has further agreed
not to disclose the Company's trade secrets and, to the extent necessary to
protect the Company's trade secrets, not to compete with the Company's
parametric speaker business in the United States for a period of two years.
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.
AMERICAN TECHNOLOGY CORPORATION
Date: September 14, 2000 By: /s/ RENEE WARDEN
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Renee Warden
Chief Accounting Officer,
Treasurer and Secretary
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