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): January 11, 2006

 

WESTELL TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

 

 

Delaware

0-27266

36-3154957

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

 

 

750 North Commons Drive, Aurora, Illinois

60504

(Address of principal executive offices)

(Zip Code)

 

Registrant's telephone number, including area code:               (630) 898-2500

 

N/A

(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):

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

 

On January 11, 2006, the Compensation Committee of the Board of Directors of Westell Technologies, Inc. (the "Company") approved the grant of 26,100 shares of restricted stock under the Westell Technologies, Inc. 2004 Stock Incentive Plan to Mr. William Noll, Senior Vice President and Chief Technology Officer.

 

 



 

 

The restricted stock award will vest on March 31, 2007, subject to Mr. Noll's continued services to the Company on that date.

 

The restricted stock award is subject to partial vesting in the event of death, disability or involuntary termination other than for cause, as defined in the restricted stock award, based upon the number of months worked prior to the vesting date of the stock award.

 

The form of restricted stock award is attached hereto as Exhibit 99.1.

 

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

 

(d) Exhibits.

 

 

99.1

Restricted Stock Award.

 

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.

 

 

Date

January 12, 2006

 

 

 

WESTELL TECHNOLOGIES, INC.

 

 

 

/s/ E. Van Cullens

 

 

-----------------------------------------------

 

Title: Chief Executive Officer and President