SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): November 30, 2017
Wireless Telecom Group, Inc.
(Exact Name of Registrant as Specified in Its Charter)
New Jersey
(State or Other Jurisdiction of Incorporation)
| 001-11916 | 22-2582295 | ||
| (Commission File Number) | (IRS Employer Identification No.) | ||
| 25 Eastmans Road | |||
| Parsippany, New Jersey | 07054 | ||
| (Address of Principal Executive Offices) | (Zip Code) | ||
(973) 386-9696
(Registrant’s Telephone Number, Including Area Code)
(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 (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o 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 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 o
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. o
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On November 30, 2017, Wireless Telecom Group, Inc. (the “Company”) entered into a Separation Agreement with Joseph Debold, Senior Vice President of Global Sales and Marketing. Mr. Debold will step down from his position as Senior Vice President of Global Sales and Marketing on December 1, 2017, but will continue with the Company to assist in the transition of his functions until December 31, 2017. Pursuant to the Separation Agreement, after his departure from the Company, the Company will pay to Mr. Debold a lump sum amount of $243,750.00, and Mr. Debold will provide a general release of claims against the Company and its affiliates and agree to refrain from competing with the Company and from soliciting Company employees and clients through September 30, 2018.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| WIRELESS TELECOM GROUP, INC. | ||
| Date: December 4, 2017 | By: | /s/ Timothy Whelan |
| Timothy Whelan | ||
| Chief Executive Officer | ||