Item 5.02. |
DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. |
Westell Technology Cl A - Recent Material Event
At the Annual Meeting of Stockholders of Westell Technologies, Inc. (the Company) held on September 18, 2008, the Companys stockholders approved an amendment to the Westell Technologies, Inc. Employee Stock Purchase Plan (the Plan) to increase the number of shares available for issuance under the Plan by 200,000 shares. The Companys Board of Directors had previously adopted the amendment, subject to stockholder approval. The Plan provides eligible employees with an opportunity to acquire shares of the Companys Class A common stock on a periodic basis by means of payroll deductions at a discount to the then-prevailing market prices. The foregoing description of the Plan is qualified in its entirety by reference to the Plan, as amended, a copy of which was filed electronically with the Companys proxy statement on July 29, 2008 and is incorporated herein by reference.
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 thereunto duly authorized.
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