UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) February 9, 2006
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BRIGHTPOINT, INC.
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(Exact Name of Registrant as Specified in Its Charter)
Indiana
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(State or Other Jurisdiction of Incorporation)
0-23494 35-1778566
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(Commission File Number) (IRS Employer Identification No.)
501 Airtech Parkway, Plainfield, Indiana 46168
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(Address of Principal Executive Offices) (Zip Code)
(317) 707-2355
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(Registrant's Telephone Number, Including Area Code)
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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))
ITEM 8.01 OTHER EVENTS
Robert J. Laikin, the Chief Executive Officer and Chairman of the Board of
Brightpoint, Inc. (the "Company"), J. Mark Howell, the Company's President, and
Steven E. Fivel the Company's Executive Vice President, General Counsel and
Secretary each entered into a Sales Plan with a brokerage firm under Securities
Exchange Act Rule 10b5-1. Each of the plans has an effective date of February 9,
2006.
Such plans allow a corporate insider to gradually diversify holdings of his
company's common stock while minimizing any market effects of such trades by
spreading them out over an extended period of time and eliminating any market
concern that such trades were made by a person while in possession of material
nonpublic information. Consistent with Rule 10b5-1, the Company's guidelines
permit personnel to implement 10b5-1 trading plans provided that, among other
things, they are not in possession of any material nonpublic information at the
time that they adopt such plans.
Pursuant to the above-referenced 10b5-1 plans entered into by Messrs. Laikin,
Howell and Fivel, up to 225,000, 112,500 and 112,500 shares of the Company's
common stock, respectively, may be traded upon exercise of the stock options
contributed to their respective 10b5-1 plans. In addition, Mr. Howell's plan
covers an additional 23,625 shares of common stock. All sales under the 10b5-1
plans are subject to the terms and conditions thereof, including predetermined
minimum price conditions, a maximum number of shares that can be sold per month
and the vesting of the subject options. The 10b5-1 plans described herein for
Messrs. Laikin, Howell and Fivel have a term of two years. The 10b5-1 plans
described herein are in addition to the 10b5-1 plans previously entered into by
Mr. Laikin, as described in Forms 8-K filed on August 12, 2005 and August 30,
2005, and Messrs. Howell and Fivel, as described in the Form 8-K filed on August
12, 2005.
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 thereunto duly authorized.
BRIGHTPOINT, Inc.
(Registrant)
By: /s/ Steven E. Fivel
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Steven E. Fivel
Executive Vice President,
General Counsel and Secretary
Date: February 9, 2006