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): | May 1, 2007 |
SYNCHRONOSS TECHNOLOGIES, INC.
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(Exact name of registrant as specified in its charter)
| Delaware | 000-52049 | 06-1594540 |
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_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 750 Route 202 South, Suite 600, Bridgewater, New Jersey | 08807 | |
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_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
| Registrant’s telephone number, including area code: | (866) 620-3940 |
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 (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))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 1, 2007, the Board of Directors (the "Board") of Synchronoss Technologies, Inc. (the "Company") increased the number of directors of the Board from six to seven directors. Upon the recommendation of the Nominating/Corporate Governance Committee of the Board, Donnie M. Moore, former Senior Vice President, Finance and Administration and Chief Financial Officer at Cognos Incorporated, was appointed by the Board as an independent director of the Company to fill the newly created director vacancy. The Board also appointed Mr. Moore to the Audit Committee and the Nominating/Corporate Governance Committee of the Board. A press release announcing Mr. Moore’s appointment to the Board is attached as Exhibit 99.1 hereto, and is incorporated herein by reference.
For 2007, non-employee members of the Board receive an annual retainer of $35,000, members of the Audit Committee receive an annual retainer of $10,000 and members of the Nominating/Corporate Governance Committee receive an annual retaine
r of $5,000. In addition, Mr. Moore was granted an option to purchase 35,000 shares of the Company’s common stock pursuant to the Company’s 2006 Equity Incentive Plan. The option vests 1/3 after the first twelve months of continuous service as a director and 1/36th each month thereafter. As a non-employee director, Mr. Moore will also receive an annual option grant of 10,000 shares in January of each year, which option vests 1/12th monthly over one year.
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.
| SYNCHRONOSS TECHNOLOGIES, INC. | ||||
| May 7, 2007 | By: |
Stephen G. Waldis
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| Name: Stephen G. Waldis | ||||
| Title: Chairman of the Board of Directors, President and Chief Executive Office | ||||
Exhibit Index
| Exhibit No. | Description | |
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99.1
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Press release, entitled “Former Cognos CFO, Donnie Moore, Joins Synchronoss Technologies' Board of Directors,” dated May 3, 2007. |
Exhibit 99.1
FORMER COGNOS CFO, DONNIE MOORE, JOINS
SYNCHRONOSS TECHNOLOGIES’ BOARD OF DIRECTORS
Press Release:
BRIDGEWATER, N.J. – May 3, 2007 – Synchronoss Technologies, Inc. (Nasdaq: SNCR), the premier provider of on-demand transaction management software to Tier One communications service providers, today announced that Donnie Moore has joined its Board of Directors.
Stephen Waldis, Chairman of the Board, President and Chief Executive Officer of Synchronoss, stated, “We are excited to have Donnie join our Board. We believe that his management experience, together with his financial expertise will allow him to make valuable contributions as Synchronoss continues to grow.”
Mr. Moore, 58, served as Senior Vice President, Finance and Administration and Chief Financial Officer at Cognos Incorporated from 1989 until his retirement in 2001, and as Vice President, Finance and Chief Financial Officer at Cognos from 1986 to 1989. Before joining Cognos, he was a corporate director for Burroughs Corporation in Detroit, Michigan and also held positions as chief financial officer of Burroughs Canada in Toronto, Canada and Burroughs Limited in Wellington, New Zealand. Mr. Moore currently sits on the boards of directors of two publicly-traded companies, MOSAID and OFI Group. He previously served on the boards of a number of enterprise software companies. Mr. Moore holds a Bachelor of Science degree in engineering (computer science) from the University of Oklahoma and an MBA in finance from the University of Houston. Mr. Moore will serve on the Audit Committee and the Nominating/Corporate Governance Committee.
About Synchronoss Technologies, Inc.
Synchronoss Technologies (Nasdaq: SNCR), is the premier provider of on-demand transaction management software to Tier One communications service providers (CSPs). Synchronoss enables CSPs to drive growth in new and existing markets while delivering an improved customer experience at lower costs. The company’s flagship ActivationNow® and ConvergenceNow™ software platforms automate, synchronize and simplify electronic service creation and management of advanced wireline, wireless and IP services across existing networks. Tier One Synchronoss clients include AT&T, Cablevision Systems Corporation, Cingular Wireless, Comcast, Level 3 Communications, Time Warner Cable, Verizon Business Solutions, and Vonage. For more information, please visit www.synchronoss.com.
Contacts:
Investor:
Tim Dolan
617-956-6727
investor@synchronoss.com
Media:
Stacie Hiras
908-547-1260
stacie.hiras@synchronoss.com
SOURCE: Synchronoss Technologies, Inc.