<SEC-DOCUMENT>0000840715-11-000037.txt : 20111125
<SEC-HEADER>0000840715-11-000037.hdr.sgml : 20111124
<ACCEPTANCE-DATETIME>20111125140257
ACCESSION NUMBER:		0000840715-11-000037
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20111114
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20111125
DATE AS OF CHANGE:		20111125

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CLEARONE COMMUNICATIONS INC
		CENTRAL INDEX KEY:			0000840715
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
		IRS NUMBER:				870398877
		STATE OF INCORPORATION:			UT
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33660
		FILM NUMBER:		111226664

	BUSINESS ADDRESS:	
		STREET 1:		5225 WILEY POST WAY
		STREET 2:		SUITE 500
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84116
		BUSINESS PHONE:		8019757200

	MAIL ADDRESS:	
		STREET 1:		5225 WILEY POST WAY
		STREET 2:		SUITE 500
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84116

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GENTNER COMMUNICATIONS CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GENTNER ELECTRONICS CORP
		DATE OF NAME CHANGE:	19910808
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f8kdal10b51.htm
<DESCRIPTION>CLEARONE COMMUNICATIONS - 8-K - DAL PLAN
<TEXT>
<HTML>
<head><title>Draft 7-11-06</title> </head> <body lang=EN-US> <div style=page:WordSection1> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LETTER-SPACING:-0.15pt; FONT-FAMILY:'Times New Roman','serif'; TEXT-AUTOSPACE:; FONT-SIZE:12pt; FONT-WEIGHT:bold; punctuation-wrap:simple"><font style="LETTER-SPACING:0pt; FONT-SIZE:10pt">UNITED STATES</font></p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; LETTER-SPACING:-0.15pt; FONT-FAMILY:'Times New Roman','serif'; TEXT-AUTOSPACE:; FONT-SIZE:12pt; FONT-WEIGHT:bold; punctuation-wrap:simple"><font style="LETTER-SPACING:0pt; FONT-SIZE:10pt">SECURITIES AND EXCHANGE COMMISSION</font></p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=center><b><font style=FONT-SIZE:10pt>WASHINGTON, D.C. 20549</font></b></p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=center><b><font style=FONT-SIZE:16pt>FORM 8-K</font></b></p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=center><b><font style=FONT-SIZE:10pt>CURRENT REPORT <font style=TEXT-TRANSFORM:uppercase>Pursuant</font></font></b></p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=center><b><font style="TEXT-TRANSFORM:uppercase; FONT-SIZE:10pt">to Section 13 OR 15(d) of</font></b></p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 30pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=center><b><font style="TEXT-TRANSFORM:uppercase; FONT-SIZE:10pt">The Securities Exchange Act of 1934</font></b></p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=center><font style=FONT-SIZE:8pt>Date of report (Date of earliest event reported):</font><font style=FONT-SIZE:10pt><b><u>November 14, 2011</u></b></font></p> <h1 style="TEXT-ALIGN:center; PAGE-BREAK-AFTER:avoid; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:14pt">&nbsp;</h1> <h1 style="TEXT-ALIGN:center; PAGE-BREAK-AFTER:avoid; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:14pt"><u><font style=FONT-SIZE:10pt>ClearOne Communications, Inc.</font></u></h1> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=center><font style=FONT-SIZE:10pt>(Exact Name of Registrant as Specified in Its Charter)</font></p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=center><b><u><font style=FONT-SIZE:11pt>Utah</font></u></b></p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=center><font style=FONT-SIZE:10pt>(State or Other Jurisdiction of Incorporation)</font></p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=center>&nbsp;</p> <div align=center> <table bordercolor=transparent style=BORDER-COLLAPSE:collapse cellpadding=0 cellspacing=0> <tr style=PAGE-BREAK-INSIDE:avoid> <td style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:justify; MARGIN:12pt 0in 3pt; FONT-FAMILY:'Arial','sans-serif'; FONT-SIZE:11pt"><b><u><font style="FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 001-33660&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></u></b></p></td> <td style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:justify; MARGIN:12pt 0in 3pt; FONT-FAMILY:'Arial','sans-serif'; FONT-SIZE:11pt"><b><u><font style="FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt"></font></u></b>&nbsp;</p></td> <td width=144 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:108.15pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:justify; MARGIN:12pt 0in 3pt; FONT-FAMILY:'Arial','sans-serif'; FONT-SIZE:11pt"><b><u><font style="FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87-0398877&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></u></b></p></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=center><font style=FONT-SIZE:10pt>(Commission File Number)</font></p></td> <td style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=center>&nbsp;</p></td> <td width=144 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:108.15pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=center><font style=FONT-SIZE:10pt>(I.R.S. employer <br>identification number)</font></p></td></tr></table></div> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><b><u></u></b>&nbsp;</p> <div align=center> <table bordercolor=transparent style="BORDER-COLLAPSE:collapse; MARGIN-LEFT:-17.75pt" cellpadding=0 cellspacing=0> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=274 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:205.8pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:center; MARGIN:12pt 0in 3pt; FONT-FAMILY:'Arial','sans-serif'; FONT-SIZE:11pt" align=center><b><u><font style="FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">5225 Wiley Post Way, Suite 500</font></u></b></p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 3pt; FONT-FAMILY:'Arial','sans-serif'; FONT-SIZE:11pt" align=center><b><u><font style="FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">Salt Lake City, Utah</font></u></b></p></td> <td style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:justify; MARGIN:12pt 0in 3pt; FONT-FAMILY:'Arial','sans-serif'; FONT-SIZE:11pt"><b><u><font style="FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt"></font></u></b>&nbsp;</p></td> <td width=87 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:65.2pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:justify; MARGIN:12pt 0in 3pt -4.95pt; FONT-FAMILY:'Arial','sans-serif'; FONT-SIZE:11pt"><b><u><font style="FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt"></font></u></b>&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 3pt -5.05pt; FONT-FAMILY:'Arial','sans-serif'; FONT-SIZE:11pt"><b><u><font style="FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84116&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></u></b></p></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=274 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:205.8pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=center><font style=FONT-SIZE:8pt>(Address of principal executive offices)</font></p></td> <td style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=center>&nbsp;</p></td> <td width=87 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:65.2pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt -4.95pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=center><font style=FONT-SIZE:8pt>(Zip Code)</font></p></td></tr></table></div> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=center>&nbsp;</p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=center>&nbsp;</p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=center><b><u><font style=FONT-SIZE:10pt>(801) 975-7200</font></u></b></p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=center><font style=FONT-SIZE:10pt>(Registrant&#146;s Telephone Number, Including Area Code)</font></p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt">&nbsp;</p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=center><b><u><font style=FONT-SIZE:10pt>Not applicable</font></u></b></p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 24pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=center><font style=FONT-SIZE:10pt>(Former Name or Former Address, if Changed Since Last Report)</font></p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=left><font style=FONT-SIZE:10pt>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:</font></p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=left>&nbsp;</p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=left><font style=FONT-SIZE:10pt>[&nbsp;&nbsp; ]&nbsp; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=left><font style=FONT-SIZE:10pt>[&nbsp;&nbsp; ]&nbsp; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p> <p style="TEXT-ALIGN:left; LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=left><font style=FONT-SIZE:10pt>[&nbsp;&nbsp; ]&nbsp; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 40.14d-2(b))</font></p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=left><font style=FONT-SIZE:10pt>[&nbsp;&nbsp; ]&nbsp; Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p><font style="FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><br clear=all style=PAGE-BREAK-BEFORE:always></font> <p style="TEXT-ALIGN:justify; TEXT-INDENT:-1in; MARGIN:0in 0in 0pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><a name=_Aci_Pg1 /><strong><font style="COLOR:black; FONT-SIZE:10pt">Item 8.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Events</font></strong></p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><strong></strong>&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><strong><font style="COLOR:black; FONT-SIZE:10pt; FONT-WEIGHT:normal">On November 14, 2011, E. Dallin Bagley, a former Chairman of the Board of Directors of ClearOne Communications, Inc. (&#147;the Company&#148;) entered into a 10b5-1(c) Stock Purchase Plan (&#147;Plan&#148;) to purchase Company&#146;s common stock (&#147;Plan Shares&#148;).</font></strong></p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><strong></strong>&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><strong><font style="COLOR:black; FONT-SIZE:10pt; FONT-WEIGHT:normal">Principal terms of the Plan include the following:</font></strong></p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><strong></strong>&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><strong><font style="COLOR:black; FONT-SIZE:10pt; FONT-WEIGHT:normal">A broker (&#147;Broker&#148;) has been engaged to purchase Plan shares at a purchase price of not more than $5.00 per share up to an aggregate of $200,000 in a calendar month. The timing within each calendar month and execution of all purchases will be made at the sole discretion of the Broker to maximize the value to Bagley.</font></strong></p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><strong></strong>&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><strong><font style="COLOR:black; FONT-SIZE:10pt; FONT-WEIGHT:normal">The plan is effective from November 14, 2011 and would terminate no later than December 31, 2012. However, the plan would terminate earlier when a total of $1,000,000 in Plan Shares have been purchased in accordance with the terms of this Plan.&nbsp; The Plan may also be terminated by Bagley at any time upon written notice delivered to Broker with a copy of the notice provided to the Secretary of the Company.</font></strong></p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><strong></strong>&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><strong><font style="COLOR:black; FONT-SIZE:10pt; FONT-WEIGHT:normal">All purchases under the Plan will be reported by Bagley through Form 4 filings with the Securities and Exchange Commission.</font></strong></p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><strong></strong>&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><strong><font style="COLOR:black; FONT-SIZE:10pt; FONT-WEIGHT:normal">Bagley will cease all purchases under the Plan promptly upon notice from the Secretary of ClearOne that the independent directors of the Company&#146;s Board of Directors have determined that purchases under the Plan must be suspended for the period determined by those directors. In this regard, Bagley acknowledges that it may be necessary or appropriate for the Company to instruct him to suspend purchases under the Plan in connection with events, including without limitation public or private offerings of securities, mergers or acquisitions, tender offers or similar events.</font></strong></p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><strong></strong>&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><strong><font style="COLOR:black; FONT-SIZE:10pt; FONT-WEIGHT:normal">The Plan is intended to comply with the requirements of Rule 10b5-1(c) under the Exchange Act and this Plan shall be interpreted to comply with the requirements of Rule 10b5-1(c).</font></strong></p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt">&nbsp;</p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=center><b><font style=FONT-SIZE:10pt>SIGNATURES</font></b></p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=left><font style=FONT-SIZE:10pt>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.</font></p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt" align=left>&nbsp;</p> <table bordercolor=transparent style=BORDER-COLLAPSE:collapse cellpadding=0 cellspacing=0> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=227 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:170.3pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt">&nbsp;</p></td> <td width=363 colspan=2 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:272.5pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><font style=FONT-SIZE:10pt>CLEARONE COMMUNICATIONS, INC. </font></p></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=227 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:170.3pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt">&nbsp;</p></td> <td width=38 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:28.15pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt">&nbsp;</p></td> <td width=326 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:244.35pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt">&nbsp;</p></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=227 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:170.3pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt">&nbsp;</p></td> <td width=38 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:28.15pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt">&nbsp;</p></td> <td width=326 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:244.35pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt">&nbsp;</p></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=227 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:170.3pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt">&nbsp;</p></td> <td width=38 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:28.15pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt">&nbsp;</p></td> <td width=326 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:244.35pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt">&nbsp;</p></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=227 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:170.3pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><font style=FONT-SIZE:10pt>Date:&nbsp; November 25, 2011</font></p></td> <td width=38 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:28.15pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><font style=FONT-SIZE:10pt>By:</font></p></td> <td width=326 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:244.35pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><u><font style=FONT-SIZE:10pt>/s/ Narsi Narayanan </font></u></p></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=227 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:170.3pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt">&nbsp;</p></td> <td width=38 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:28.15pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt">&nbsp;</p></td> <td width=326 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:244.35pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><font style=FONT-SIZE:10pt>Narsi Narayanan</font></p></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=227 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:170.3pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt">&nbsp;</p></td> <td width=38 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:28.15pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt">&nbsp;</p></td> <td width=326 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:244.35pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><font style=FONT-SIZE:10pt>Vice President of Finance</font></p></td></tr></table> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt">&nbsp;</p></div></body>
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