prkr_20210113x8k
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): January 11, 2021
PARKERVISION, INC.
(Exact
Name of Registrant as Specified in Charter)
|
|
|
|
|
Florida
|
000-22904
|
59-2971472
|
|
(State
or Other Jurisdiction of Incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
|
|
|
|
4446-1A
Hendricks Avenue, Suite 354, Jacksonville, Florida
|
32207
|
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
(904) 732-6100
(Registrant’s
Telephone Number, Including Area Code)
N/A
(Former
Name or Former Address, if Changed Since Last Report)
Securities
registered pursuant to Section 12(b) of the Act:
|
|
|
|
|
Title
of Each Class
|
Trading
Symbol
|
Name of
Each Exchange on Which Registered
|
|
Common
Stock, $.01 par value
|
PRKR
|
OTCQB
|
|
Common
Stock Rights
|
|
OTCQB
|
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):
|
|
|
|
☐
|
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|
|
|
|
|
☐
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
|
|
|
☐
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
|
|
|
|
|
☐
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e 4(c))
|
Indicate
by check mark whether the registrant is an emerging growth company
as defined in as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter.
Emerging
growth company ☐
If an
emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange
Act. ☐
Item
5.02
Departure
of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On
January 11, 2021, the Board of Directors (the “Board”)
of ParkerVision, Inc. (the “Company”) amended the 2019
Long-Term Incentive Plan (the “2019 Plan”) to increase
the number of shares of common stock reserved for issuance under
the 2019 Plan from 12 million to 27 million shares.
The
Board also approved grants, under the 2019 Plan, of two-year
options, with an exercise price of $0.54 per share, vesting in 8
equal quarterly installments commencing on March 31, 2021 and
expiring on January 11, 2026. The grants under the 2019 Plan
included an option to purchase 8,000,000 shares granted to Jeffrey
Parker, the Company’s Chief Executive Officer and an option
to purchase 1,000,000 shares granted to Cynthia Poehlman, the
Company’s Chief Financial Officer. The form of option
agreement is included at Exhibit 10.1 hereto.
Item
9.01.Financial Statements and Exhibits.
|
|
|
|
Exhibit
No.
|
Description
|
|
|
|
|
10.1
|
|
|
|
|
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.
|
|
|
|
|
Dated:
January 13, 2021
|
|
|
|
|
|
PARKERVISION, INC.
|
|
|
|
|
|
|
|
By /s/ Cynthia
Poehlman
|
|
|
|
Cynthia Poehlman
|
|
|
|
Chief Financial Officer
|