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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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) April 19, 2005
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NeoMagic Corporation
(Exact name of registrant as specified in its charter)
Delaware 000-22009 77-0344424
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(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation) Identification No.)
3250 Jay Street, Santa Clara, California 95054
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (408) 988-7020
Not Applicable
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(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):
[ ] 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))
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ITEM 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
(b) On April 22, 2005, NeoMagic Corporation issued a press release announcing
that Prakash Agarwal has resigned as president, chief executive officer and
director of NeoMagic. This action was effective April 19, 2005.
(c) In the press release, NeoMagic also announced that it had appointed Doug
Young as its president and chief executive officer, and as a director. This
action was effective April 19, 2005.
Mr. Young, who is 59 years old, joined NeoMagic in February of 2004. Mr. Young
was promoted to VP Worldwide Sales in January 2005. From April 2000 until
joining NeoMagic, Mr. Young was Senior Vice President of Worldwide Sales at
Planetweb, Inc., an unaffiliated entity that is a provider of embedded
multimedia application and browser software for consumer electronics devices. At
Planetweb, Mr. Young worked with customers such as Samsung, Sharp, Philips and
other large OEMs. Mr. Young has managed sales in many different environments
ranging between large systems enterprise sales to the 'Fortune 500' and ODM and
OEM sales in the consumer electronics market. He has over 25 years experience
working for companies such as IBM, Storage Technology Corporation, Unilease
Computer Corporation, Data General and Hitachi Data Systems. He has worked in
hardware and software sales, and he was President and CEO of a computer and
satellite leasing company. Mr. Young has a Bachelors of Arts Degree from
Princeton University and a Masters Degree in Business Administration from The
Stern School of Business at New York University.
(d) Section (c) is incorporated herein by reference.
The full text of the press release is attached hereto as Exhibit 99.1 and is
incorporated herein by reference.
ITEM 9.01 Financial Statements and Exhibits.
(c) Exhibits
99.1 Press Release of NeoMagic Corporation dated April 22, 2005.
SIGNATURE
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.
NeoMagic Corporation
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(Registrant)
Date: April 22, 2005 /s/ Scott Sullinger
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Scott Sullinger
Chief Financial Officer
EXHIBIT INDEX
Exhibit No. Description
99.1 Press Release of NeoMagic Corporation dated April 22, 2005.