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Associated Press
01-08-2025
- Business
- Associated Press
NETGEAR® Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
SAN JOSE, Calif.--(BUSINESS WIRE)--Aug 1, 2025-- NETGEAR, Inc. (Nasdaq: NTGR), a global leader in intelligent networking solutions designed to power extraordinary experiences, today announced that it granted inducement equity awards to new employees across several business units of the company. NETGEAR's inducement plan is used exclusively for the grant of equity awards to individuals who were not previously employees of NETGEAR, or following a bona-fide period of non-employment with NETGEAR, in each case as an inducement material to such individuals entering into employment with NETGEAR pursuant to Nasdaq Listing Rule 5635(c)(4). The inducement awards granted to new employees joining NETGEAR unrelated to the Company's recent acquisition of Exium, Inc. consist of awards of time-based restricted stock units ('RSU's') covering 60,141 shares of NETGEAR common stock. One-third (1/3rd) of the total number of shares subject to each RSU Award will vest on the one-year anniversary of the RSU Award's vesting commencement date and one-twelfth (1/12th) of the total number of shares subject to each RSU Award will vest in equal quarterly installments thereafter, in each case subject to each award recipient providing continued service with NETGEAR through the applicable vesting dates. The inducement awards granted to new employees joining NETGEAR in relation to the Company's recent acquisition of Exium, Inc. consist of: (1) 33,333 RSU's to Farooq Khan, the former CEO of Exium, Inc. and now NETGEAR's Vice President of Software Security; (2) 31,110 RSU's to other members of the Exium, Inc. team who have now joined NETGEAR as full time employees ('Exium Team'); (3) an award of performance-based RSU's ('PSU's') with a target amount of 33,333 shares of NETGEAR's common stock to Mr. Khan; and (4) an award of PSU's with a total target amount of 15,557 to the Exium Team. One-third (1/3rd) of the total number of shares subject to Mr. Khan's RSU Award will vest on the one-year anniversary of the RSU Award's vesting commencement date and one-twelfth (1/12th) of the total number of shares subject to Mr. Khan's RSU Award will vest in equal quarterly installments thereafter, in each case subject to Mr. Khan providing continued service with NETGEAR through the applicable vesting dates. One-half (1/2) of the total number of shares subject to the Exium team's RSU Awards will vest on the second anniversary of the closing of the Company's acquisition of Exium, Inc., with the other half vesting on the third anniversary of the same, in each case subject to the award recipients providing continued service with NETGEAR through the applicable vesting dates. The number of shares subject to Mr. Khan's PSU Award that become eligible to vest will be determined based on the achievement of specified performance metrics as of the end of 2025, 2026 and 2027, with 195% potential vesting for the highest levels of achievement. Mr. Khan's vesting eligible PSU's, if any, will vest on March 31 of 2026, 2027 and 2028, respectively, subject to Mr. Khan's continued service with NETGEAR through those dates. The number of shares subject to the Exium Team's PSU Awards that become eligible to vest will be determined based on the achievement of specified performance metrics within sixty (60) days of the twelve month anniversary of the closing of the Company's acquisition of Exium, Inc. The Exium Team's vesting eligible PSU's, if any, will vest on September 30, 2026, subject to the award recipients' continued service to with NETGEAR through that date. About NETGEAR, Inc. Founded in 1996 and headquartered in the USA, NETGEAR® (NASDAQ: NTGR) is a global leader in innovative networking technologies for businesses, homes, and service providers. NETGEAR delivers a wide range of award-winning, intelligent solutions designed to unleash the full potential of connectivity and power extraordinary experiences. For businesses, NETGEAR offers reliable, easy-to-use, high-performance networking solutions, including switches, routers, access points, software, and AV over IP technologies, tailored to meet the diverse needs of small and medium enterprises. NETGEAR's consumer products deliver advanced connectivity, powerful performance, and enhanced security features right out of the box, designed to help keep families safe online, whether at home or on the go. More information is available from the NETGEAR Press Room or by calling (408) 907-8000. Connect with NETGEAR: Facebook, Instagram and the NETGEAR blog at NETGEAR-F View source version on CONTACT: NETGEAR Investor Relations Erik Bylin [email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: CONSUMER ELECTRONICS SECURITY TECHNOLOGY SOFTWARE NETWORKS INTERNET HARDWARE SOURCE: NETGEAR, Inc. Copyright Business Wire 2025. PUB: 08/01/2025 05:00 PM/DISC: 08/01/2025 04:59 PM
Ya Libnan
18-07-2025
- General
- Ya Libnan
Air India crash: Cockpit recording suggests captain cut fuel to engines before crash
Indian army soldiers stand near the wreckage of the aircraft after it crashed in central Kashmir's Budgam district. Pakistan has said it has shot down two Indian aircraft. Photo by Farooq Khan/EPA-EFE By David Shepardson and Dan Catchpole Summary US officials have made early assessment of evidence -source First officer asked captain why he moved fuel switches and to return them to original position -source Air India CEO noted preliminary report found no mechanical or maintenance faults WASHINGTON/SEATTLE – A cockpit recording of dialogue between the two pilots of the Air India flight that crashed last month supports the view that the captain cut the flow of fuel to the plane's engines, said a source briefed on U.S. officials' early assessment of evidence. The first officer was at the controls of the Boeing 787 and asked the captain why he moved the fuel switches into a position that starved the engines of fuel and requested that he restore the fuel flow, the source told Reuters on condition of anonymity because the matter remains under investigation. The U.S. assessment is not contained in a formal document, said the source, who emphasized the cause of the June 12 crash in Ahmedabad, India, that killed 260 people remains under investigation. There was no cockpit video recording definitively showing which pilot flipped the switches, but the weight of evidence from the conversation points to the captain, according to the early assessment. The Wall Street Journal first reported similar information on Wednesday about the world's deadliest aviation accident in a decade. India's Aircraft Accident Investigation Bureau (AAIB), which is leading the investigation into the crash, said in a statement on Thursday that 'certain sections of the international media are repeatedly attempting to draw conclusions through selective and unverified reporting.' It added the investigation was ongoing and it remained too early to draw definitive conclusions. Most air crashes are caused by multiple factors, and under international rules, a final report is expected within a year of an accident. A preliminary report released by the AAIB on Saturday said one pilot was heard on the cockpit voice recorder asking the other why he cut off the fuel and 'the other pilot responded that he did not do so.' Investigators did not identify which remarks were made by Captain Sumeet Sabharwal and which by First Officer Clive Kunder, who had total flying experience of 15,638 hours and 3,403 hours, respectively. The AAIB's preliminary report said the fuel switches had switched from 'run' to 'cutoff' a second apart just after takeoff, but it did not say how they were moved. Almost immediately after the plane lifted off the ground, closed-circuit TV footage showed a backup energy source called a ram air turbine had deployed, indicating a loss of power from the engines. The London-bound plane began to lose thrust, and after reaching a height of 650 feet, the jet started to sink. The fuel switches for both engines were turned back to 'run', and the airplane automatically tried restarting the engines, the report said. But the plane was too low and too slow to be able to recover, aviation safety expert John Nance told Reuters. The plane clipped some trees and a chimney before crashing in a fireball into a building on a nearby medical college campus, the report said, killing 19 people on the ground and 241 of the 242 on board the 787. NO SAFETY RECOMMENDATIONS In an internal memo on Monday, Air India CEO Campbell Wilson said the preliminary report found no mechanical or maintenance faults and that all required maintenance had been carried out. The AAIB's preliminary report had no safety recommendations for Boeing or engine manufacturer GE . After the report was released, the U.S. Federal Aviation Administration and Boeing privately issued notifications that the fuel switch locks on Boeing planes are safe, a document seen by Reuters showed and four sources with knowledge of the matter said. The U.S. National Transportation Safety Board has been assisting with the Air India investigation and its Chair Jennifer Homendy has been fully briefed on all aspects, a board spokesperson said. That includes the cockpit voice recording and details from the flight data recorder that the NTSB team assisted the AAIB in reading out, the spokesperson added. 'The safety of international air travel depends on learning as much as we can from these rare events so that industry and regulators can improve aviation safety,' Homendy said in a statement. 'And if there are no immediate safety issues discovered, we need to know that as well.' The circumstantial evidence increasingly indicates that a crew member flipped the engine fuel switches, Nance said, given there was 'no other rational explanation' that was consistent with the information released to date. Nonetheless, investigators 'still have to dig into all the factors' and rule out other possible contributing factors which would take time, he said. The Air India crash has rekindled debate over adding flight deck cameras, known as cockpit image recorders, on airliners. Nance said investigators likely would have benefited greatly from having video footage of the cockpit during the Air India flight. (Reuters)
Ya Libnan
14-07-2025
- General
- Ya Libnan
AIR INDIA CRASH: 32 seconds to disaster
Indian army soldiers stand near the wreckage of the aircraft after it crashed in central Kashmir's Budgam district. Pakistan has said it has shot down two Indian aircraft. Photo by Farooq Khan/EPA-EFE From lift-off to impact: What happened on Air India flight 171 in the final seconds before its crash in western India By Vijdan Mohammad Kawoosa , Adolfo Arranz , Arathy J Aluckal and Han Huang A preliminary investigation report into the Air India crash on June 12 has revealed what happened on the Boeing Dreamliner during its final moments — a 32-second journey from lift-off to its crash into hospital buildings near the airport. The crash near Ahmedabad airport killed 241 people on board and 19 on ground. Just one passenger survived. The report focused on the moments after the takeoff, showing the aircraft's two fuel control switches moved to the 'cutoff' position in quick succession. This action cut off fuel supply to the engines, immediately causing the aircraft to lose all thrust. The switches are on the centre console of the cockpit, just below the engine thrust levers. They are used to control fuel flow to the engines—primarily during engine start-up and shutdown on the ground, or to shut down an engine in the event of an engine failure during flight. An illustrated graphic showing part of the cockpit of a Boeing 787 Dreamliner, highlighting the location of the fuel switches, flaps lever, speed brake and thrust lever. The metal guards next to the fuel switches are meant to stop anyone touching or activating them accidentally. The fuel control switches are equipped with a spring-loaded locking mechanism that keeps them in position and prevents unintended movement. You would have to pull the switch up before moving it from run to cutoff, or vice versa. Aviation experts say a pilot would not have been able to move the fuel switches accidentally. Once moved, the effect would be immediate, cutting off engine power. A diagram illustrating the function of a fuel control switch in the cockpit of a Boeing 787 Dreamliner. It shows three positions: 'Run', where fuel is supplied to the engines; 'Switch Unlocked', where the switch must be lifted to enable movement; and 'Cutoff', where the fuel supply to the engine is immediately stopped. The preliminary report highlighted key events before and after the aircraft took off. All systems were reported to be functioning normally up until the moment the aircraft became airborne. Aerial map of Sardar Vallabhbhai Patel International Airport showing Air India Flight 171's location 20 minutes before the crash, leaving the terminal. Aerial map showing the aircraft's movement path as it begins taxiing toward Runway 23 at Sardar Vallabhbhai Patel International Airport, 13 minutes before the crash. Aerial map showing the location and movement path of the aircraft. The aircraft is cleared for takeoff 1 minute and 38 seconds before the crash. It begins rolling four seconds later. The aircraft takes off from the runway 32 seconds before the crash. A series of critical events unfolded in the 32 seconds after the aircraft became airborne, lost thrust and started going down — from the fuel control switches transitioning to the 'cutoff' position to the activation of emergency power supply units and the attempted relighting of the engines. The air inlet door of the Auxiliary Power Unit (APU) begins opening, consistent with its auto start logic. Air flow enters into the APU The APU is a small gas turbine engine located in the tail. APU door During emergencies or when the main engines are off, the APU supplies vital power to maintain the operation of the aircraft's systems. 15 seconds before crash (17 seconds after lift-off) The right engine fuel cutoff switch transitions from 'cutoff' to 'run' position. RUN CUTOFF The aircraft was equipped to automatically restart the engines when the fuel control switches are moved from the 'cutoff' to 'run' position. The report said: The Exhaust Gas Temperature was observed to be rising for both engines, indicating relight. Left engine's core deceleration stopped, reversed and started to progress to recovery. Right engine was able to relight but could not arrest core speed deceleration and reintroduced fuel repeatedly to increase core speed acceleration and recovery. 6 seconds before crash (26 seconds after lift-off) One of the pilots transmits 'Mayday Mayday Mayday', an emergency distress call used in aviation to signal a life-threatening emergency. Air traffic controller enquired, did not get any response from the pilots, and then saw the aircraft crashing outside the airport boundary. 13:39:11(local time) Aircraft's flight data recorders stop recording. The aircraft impacted the BJ Medical College hostel, about 1.6 kilometres from the end of the runway. According to the report, the wreckage was spread across an area of approximately 37,000 square metres. Five buildings shown in the illustration below were impacted and suffered major structural and fire damage. Approximate flight path Aircraft initially made contact with a series of trees and an incineration chimney Diagram showing the timeline of critical events in the final 29 seconds before the crash of Air India Flight 171, and a graphic of the crash site. Highlights include: 29 seconds before the crash, airspeed reached 180 knots; 24 seconds before, both engines' N2 values dropped and RAT hydraulic pump activated; 19 seconds before, Engine 1 fuel cutoff switch set to run; 17 seconds before, APU inlet door opened; 15 seconds before, Engine 2 fuel cutoff switch set to run; 6 seconds before, a 'Mayday' call was made. Recording stopped at 1:39 p.m. local time, marking the crash. Both fuel switches were found in the run position at the crash site. India's Aircraft Accident Investigation Bureau is leading the investigation into the crash. A final report is expected within a year. Sources India's Aircraft Accident Investigation Bureau; OpenStreetMap Edited by Vijdan Mohammad Kawoosa and Andrew Heavens (REUTERS)
The Hindu
08-07-2025
- The Hindu
Anantapur police arrest inter-State burglar and aide
The Anantapur police on Tuesday arrested one inter-State burglar and a shop owner for purchasing stolen property. The accused were identified as Vicky alias Shameer of Surat in Gujarat and Farooq Khan, owner of Farooq Mobile Shop in Kamala Nagar of the town. According to the police, Shameer gained entry into houses and stole laptops, mobile phones and jewellery and later sold stolen mobile phones to Farooq. Shameer had fled from his house at an age of six and came to Anantapur town, and was staying at a orphanage in Vijayanagar Colony. He studied till Class IX in Rajendra Municipal School, but after dropping out of school, he started committing property offences. Police said that the accused gained entry into a house at Vidyut Nagar under Anantapur II Town police limits twice in one week in November last year and stole two gold bangles and cash. Police recovered the two bangles stolen by Shameer. In June, he stole a two-wheeler in the limits of Anantapur I Town limits which was also recovered by the police. Shameer was involved in the theft of an iPhone and two laptops in Goa in June and they were also recovered. Police have also recovered eight mobile phones and two laptops from him. Police said Farooq Khan purchased four stolen mobile phones from Shameer. The total property recovered from them is worth ₹12 lakh.
Yahoo
06-06-2025
- Business
- Yahoo
Netgear to acquire Exium, terms undisclosed
Netgear (NTGR) announced a definitive agreement to acquire Exium, a cybersecurity company, as part of its continuing investment in cloud-based solutions for advanced business connectivity. Exium CEO Farooq Khan will continue to lead the Exium solution, joining the Netgear for business leadership team. The closing of the transaction is subject to customary closing conditions and is expected to occur by the end of Q2. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on NTGR: Disclaimer & DisclosureReport an Issue Netgear Announces Acquisition of Exium Inc. Netgear Holds Annual Stockholders Meeting with Key Votes NETGEAR's Earnings Call: Strategic Gains Amid Challenges NETGEAR Reports Q1 2025 Financial Results Closing Bell Movers: Microsoft and Meta rally after earnings Sign in to access your portfolio
