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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):  March 24, 2022

 

ITERIS, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   001-08762   95-2588496

(State or other jurisdiction of

incorporation)

  (Commission File Number)   (IRS Employer Identification No.)

 

1250 S. Capital of Texas Highway, Building 1, Suite 330, Austin, TX   78746
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code:  (512) 716-0808

 

Not Applicable

(Former name or former address, if changed since last report)

 

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:

 

¨ Written communications pursuant to Rule 425 under the Securities Act
   
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act
   
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
   
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, $0.10 par value   ITI   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company 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 March 24, 2022, Anjali Joshi notified the Chairman of the Board of Directors (the “Board”) of Iteris, Inc. (the “Company”) that she has decided to resign as a member of the Board effective as of the end of the Company’s fiscal year, March 31, 2022. Ms. Joshi’s decision to resign is due to her desire to devote more time to other professional commitments, especially her role with a new company and its growing operations, and not because of any disagreements with management or the Board on any matter relating to the Company’s operations, policies or practices.

 

 

 

 

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: March 25, 2022  
 

ITERIS, INC.,

a Delaware corporation

   
  By: /S/ DOUGLAS L. GROVES   
    Douglas L. Groves
    Chief Financial Officer