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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): March 5, 2007
iROBOT CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
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000-51598
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77-0259335 |
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(Commission File Number)
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(IRS Employer Identification No.) |
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63 South Avenue, Burlington, Massachusetts
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01803 |
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(Address of Principal Executive Offices)
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(Zip Code) |
Registrants telephone number, including area code: (781) 345-0200
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c)) |
TABLE OF CONTENTS
Item 7.01 Regulation FD Disclosure.
On March 6, 2007, iRobot Corporation issued a press release, a copy of which is being
furnished as Exhibit 99.1 to this Report on Form 8-K.
The information in this Report on Form 8-K and Exhibit 99.1 attached hereto is intended to be
furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act
of 1934 (the Exchange Act) or otherwise subject to the liabilities of that section, nor shall it
be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange
Act, except as expressly set forth by specific reference in such filing.
Item 8.01 Other Events.
On March 5, 2007, Colin Angle, Chief Executive Officer, Helen Greiner, Chairman and Dr. Rodney
Brooks, Chief Technology Officer, terminated their written trading plans adopted pursuant to Rule
10b5-1 under the Exchange Act. The effective date of such
termination is March 5, 2007.
Item 9.01 Financial Statements and Exhibits.
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(d)
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Exhibits: |
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99.1 Press Release issued by the registrant on March 6, 2007, furnished herewith. |
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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iROBOT CORPORATION
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March 6, 2007 |
By: |
/s/ Glen D. Weinstein
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Glen D. Weinstein |
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General Counsel and Secretary |
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EXHIBIT INDEX
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Exhibit Number
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Description |
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99.1
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Press Release issued by the registrant on March 6, 2007, furnished herewith. |
exv99w1
Exhibit 99.1
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Contacts: |
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Parna Sarkar
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Elise Caffrey |
Media Relations
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Investor Relations |
(781) 418-3135
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(781) 418-3003 |
psarkar@irobot.com
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ecaffrey@irobot.com |
iRobot CEO Exercises Options
Co-founders Terminate 10b5-1 Plan
BURLINGTON, Mass., March 6, 2007 iRobot Corp. (NASDAQ: IRBT) today announced Chief Executive
Officer Colin M. Angle exercised non-qualified stock options to purchase 347,710 shares of iRobot
common stock. These non-qualified stock options were granted to Angle in 1997 and were scheduled
to expire in June 2007 on the 10th anniversary of the grant. Of the 347,710 shares to be acquired by
Angle upon exercise, the company withheld 110,396 shares to satisfy the minimum tax withholding
obligation.
For purposes of satisfying the minimum tax withholding amount, the withheld shares of iRobot common
stock were valued at $14.39 per share, todays last reported sale price of iRobot common stock on
the Nasdaq Global Market. The company expects Angle to report the withholding of shares in
connection with this option exercise on Form 4 as a sale of shares to iRobot. Angle has informed
the company that he currently intends to hold the remaining shares of iRobot common stock acquired
upon this option exercise indefinitely.
In addition, on March 5, 2007, Colin Angle, co-founder and chief executive officer, Helen Greiner,
co-founder and chairman, and Rodney Brooks, co-founder and chief technology officer of iRobot, each
terminated his or her previously established Rule 10b5-1 trading plan that permitted the sale of
shares of common stock at predetermined levels and specified dates commencing in August 2006.
About iRobot Corp.
iRobot is a provider of robots that perform dull, dirty or dangerous missions in a better way. The
companys proprietary technology, iRobot AWARE Robot Intelligence Systems, incorporates advanced
concepts in navigation, mobility, manipulation and artificial intelligence. This proprietary system
enables iRobot to build behavior-based robots, including its family of consumer and military
robots. For additional information about iRobot, please visit www.irobot.com.