NETGEAR Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
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Item 8.01 Other Events
On June 5, 2025, NETGEAR, Inc. (“NETGEAR” or the “Company”) announced that it had entered into an agreement to acquire Exium Inc. (“Exium”), a cybersecurity software company, as part of its continuing investment in cloud-based solutions for advanced business connectivity. Exium’s products and expertise will help add an integrated Secure Access Service Edge (SASE) platform to NETGEAR’s robust network offering for small and medium enterprises which strategically aligns with NETGEAR’s existing products, teams and the markets it serves.
The transaction is subject to customary closing conditions and is expected to close by the end of the second quarter of 2025. As part of the transaction, certain employees of Exium are expected to join the Company, and a portion of their compensation is contemplated to include equity awards issued in connection with NETGEAR’s 2024 Inducement Plan consistent with the Company’s pay-for-performance compensation philosophy.
The agreement includes customary terms and conditions and is not expected to have a material impact on the Company’s results from operations or financial position for the year ending December 31, 2025. The total purchase price of less than $15 million, upon closing, is expected to be paid in cash from existing reserves. A press release regarding the transaction is furnished as Exhibit 99.1 to this Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit Number |
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Description |
99.1 |
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Press Release, dated June 5, 2025, regarding agreement to acquire Exium |
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104 |
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Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document) |
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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.
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NETGEAR, INC. |
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By: /s/ Kirsten J. Daru |
Kirsten J. Daru |
General Counsel and Chief Privacy Officer |
Dated: June 5, 2025 |