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) September 2, 2003
PARKERVISION, INC.
(Exact Name of Registrant as Specified in its Charter)
FLORIDA 59-2971472
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(State or other jurisdiction (Commission File No.) (I.R.S. Employer ID No.)
of incorporation)
8493 BAYMEADOWS WAY
JACKSONVILLE, FLORIDA 32256
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(Address of principal executive offices) (Postal Code)
Registrant's telephone number, including area code (904) 737-1367
ITEM 5. OTHER EVENTS
On September 3, 2003 the Company entered into an Employment Agreement with
William A. Hightower, a current director of the Company, for the position
of President. The term of Mr. Hightower's employment is through September
2, 2008, but may be terminated by either the Company or Mr. Hightower upon
30 days notice. Under the terms of the Agreement, Mr. Hightower will
receive an annual base salary of $250,000. In connection with his
employment with the Company, Mr. Hightower was awarded stock options to
purchase 500,000 shares of the Company's Common Stock, exercisable at a
price per share of $8. These options vest in five equal annual installments
commencing September 2, 2004. Mr. Hightower remains on the Board of
Directors of the Company, but as a result of his employment, has resigned
his positions on the Audit and Compensation Committees. Directors, Messrs.
Richard A. Kashnow and Papken S. der Torossian replaced Mr. Hightower's
positions on the Audit and Compensation Committees, respectively.
ITEM 7. FINANCIAL STATEMENT AND EXHIBITS
a) Financial Statements
Not applicable
b) Exhibits
10.1 Form of Employment Agreement between Registrant and William
Hightower, dated as of September 2, 2003
10.2 Form of Option Agreement between Registrant and William
Hightower, dated as of September 2, 2003
99.1 Press release
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SIGNATURE PAGE
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.
Date: September 2, 2003
PARKERVISION, INC.
By: /s/ Jeffrey L. Parker
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Name: Jeffrey L. Parker
Title: Chief Executive Officer
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EXHIBITS INDEX
10.1 Form of Employment Agreement between Registrant and William Hightower,
dated as of September 2, 2003
10.2 Form of Option Agreement between Registrant and William Hightower, dated as
of September 2, 2003
99.1 Press release
3