Business Context and Reporting Period
This Form 8-K is a current report filed by Harris Stratex Networks, Inc. on November 10, 2009. The filing addresses a corporate governance restructuring effective November 19, 2009. Note: The request metadata references "AVIAT NETWORKS, INC.", but the filing text explicitly identifies the registrant as "HARRIS STRATEX NETWORKS, INC."
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to corporate governance events and contains no financial data.
Material Changes
The Board of Directors has determined to split the existing Governance and Nominating Committee into two separate entities:
- Governance Committee: Will handle corporate governance policies, monitor implementation, assist in developing criteria for open Board positions, and recommend committee assignments.
- Nominating Committee: Will assist in selecting director nominees and recommend candidates to the Board. This committee will be composed entirely of independent members.
Director Charles D. Kissner, currently on the combined committee, will serve on the new Governance Committee but will not serve on the new Nominating Committee.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on financial performance, or discussion of risks and contingencies. The information is furnished pursuant to Item 8.01 "Other Events" and is not filed for purposes of Section 18 of the Exchange Act.
Key Facts for Investor Verification
- Confirm the effective date of the committee split is November 19, 2009.
- Verify the full membership of the new Governance and Nominating Committees once determined at the Board meeting.
- Confirm the independence status of all members of the new Nominating Committee.
- Clarify the relationship between the registrant name in the text (Harris Stratex Networks, Inc.) and the metadata name (Aviat Networks, Inc.).