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))
1
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
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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.
|
||
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Date:
August 31, 2006
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By:
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/s/
Zeynep Hakimoglu
|
|
Zeynep
Hakimoglu
|
||
|
President
and Chief Executive Officer
|
||
2
60; Robert
Jaffe
60; PondelWilkinson
Inc.
60; (310)
279-5969
CLEARONE’S
BOARD OF DIRECTORS AUTHORIZES STOCK BUY-BACK
Salt
Lake City, UT - August 31, 2006 - ClearOne
Communications, Inc. (OTC: CLRO.OB) today announced that the
Board
of Directors approved a stock buy-back program to purchase up to $2,000,000
of
the Company’s common stock over the next 12 months on the open market. All
purchases will be executed in accordance with applicable federal securities
laws.
About
ClearOne
ClearOne
is a communications solutions company that develops and sells audio conferencing
systems and other related products for audio, video, and web conferencing
applications. The reliability, flexibility, and performance of ClearOne’s
comprehensive solutions create a natural communications environment, which
saves
organizations time and money by enabling more effective and efficient
communication. For more information, visit ClearOne’s website at
www.clearone.com.
This
release contains “forward-looking” statements
that
are based on present circumstances and on ClearOne’s predictions with respect to
events that have not occurred, that may not occur, or that may occur with
different consequences and timing than those now assumed or anticipated. Such
forward-looking statements, including statements regarding the company’s ability
to successfully commercialize newer products and enter new markets, are not
guarantees of future performance or results and involve risks and uncertainties
that could cause actual events or results to differ materially from the events
or results described in the forward-looking statements. Such forward-looking
statements are made only as of the date of this release and ClearOne assumes
no
obligation to update forward-looking statements to reflect subsequent events
or
circumstances. Readers should not place undue reliance on these forward-looking
statements.
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