SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
(Amendment No. 1)
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 16, 2013
OCZ TECHNOLOGY GROUP, INC.
(Exact name of registrant as specified in its charter)
Commission File Number: 1-34650
6373 San Ignacio Avenue, San Jose, California 95119
(Address of principal executive offices, including zip code)
(Registrants telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
This Form 8-K/A is filed as an amendment (Amendment No. 1) to the Current Report on Form 8-K (the Original Report) dated October 12, 2012, filed by OCZ Technology Group, Inc. (OCZ) with the Securities and Exchange Commission on October 17, 2012. This Amendment No. 1 is being filed to provide additional information in Item 5.02 that was not yet available at the time of the filing of the Original Report regarding Richard Singh who left his position as Chief Sales Officer effective October 12, 2012. The information previously reported in the Original Report is incorporated herein by reference.
On January 16, 2013, OCZ entered into a Separation Agreement with Richard Singh (Executive), former Chief Sales Officer of OCZ Technology Group, Inc. (the Company). Pursuant to the Separation Agreement, the Company will pay Executive severance pay, consisting of eight (8) payments, each in an amount equal to Executives final base salary rate of $9,166.66 per pay period, to be paid on the regular payroll dates. The Company will pay Executive a total payment in the amount of four (4) times the monthly COBRA premium then in effect for the coverage Executive had elected (for himself and his dependents) as of the Termination Date. The Separation Agreement also contains other usual and customary provisions.
The Separation Agreement is filed as Exhibit 10.1 to this Amendment No. 1 and is incorporated herein by reference.
A list of exhibits filed herewith is contained on the Exhibit Index which immediately follows the signature page of this Form 8-K and is incorporated herein by reference.
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.