Form 8-K dated 08/31/2006 ClearOne's Board of Directors Authorizes Stock Buy-Back
 
 
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): August 31, 2006
 
ClearOne Communications, Inc.
(Exact Name of Registrant as Specified in Its Charter)
 
Utah
(State or Other Jurisdiction of Incorporation)

000-17219 
  
87-0398877
(Commission File Number)
  
(I.R.S. employer
identification number)

1825 Research Way, Salt Lake City, Utah
  
84119
(Address of principal executive offices)
  
(Zip Code)
 
(801) 975-7200
(Registrant’s Telephone Number, Including Area Code)

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 communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

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Item 8.01. Other Events.

On August 31, 2006, ClearOne Communications, Inc. (the “Company”) issued a press release attached hereto as Exhibit 99.1 and incorporated by reference. In the press release, the Company announced that its Board of Directors had authorized a new stock buy-back program to acquire up to $2,000,000 in the Company’s common stock during the next twelve months.  All purchases will be executed in accordance with applicable federal securities laws.

Item 9.01 Financial Statements and Exhibits.
 
(d) Exhibits.

Exhibit No.
Title of Document
Location
99.1
Press Release dated August 31, 2006 captioned “ClearOne’s Board of Directors Authorizes Stock Buy-Back.”
This Filing


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.
 
 
CLEARONE COMMUNICATIONS, INC.
     
     
     
Date: August 31, 2006
By:
/s/ Zeynep Hakimoglu
   
Zeynep Hakimoglu
   
President and Chief Executive Officer
     
 
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