UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
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Securities Registered Pursuant to Section 12(b) of the Act:
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The |
Item 8.01 Other Events.
As previously announced, ClearOne, Inc. (the “Company”) declared a special one-time cash dividend of $1.00 per share of the Company’s common stock, payable on May 31, 2023 to shareholders of record on May 22, 2023. On May 11, 2023, the Company issued a press release clarifying that the ex-dividend date for the special one-time cash divided was June 1, 2023. FINRA UPC (Uniform Practice Code) Rule 11140 provides that, in respect to dividends or distributions that are twenty-five percent or greater of the value of the subject security, the ex-dividend date shall be the first business day following the payable date. Accordingly, stockholder of the Company that sells shares of the Company’s common stock on or prior to the payment date of May 31, 2023 will not receive the one-time special cash dividend for the Company shares that are sold.
A copy of the Company’s press release is filed herewith as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
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99.1 |
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104.1 |
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The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. |
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: May 12, 2023 |
By: |
/s/ Narsi Narayanan |
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Narsi Narayanan |
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Chief Financial Officer (Principal Accounting and Principal Financial Officer) |