<SEC-DOCUMENT>0000840715-12-000025.txt : 20120517
<SEC-HEADER>0000840715-12-000025.hdr.sgml : 20120517
<ACCEPTANCE-DATETIME>20120516184934
ACCESSION NUMBER:		0000840715-12-000025
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20120516
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20120517
DATE AS OF CHANGE:		20120516

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:		12850027

	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>clrobuyback_8k.htm
<DESCRIPTION>CLEARONE'S BOD AUTHORIZES BUY-BACK
<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>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>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>WASHINGTON</b><b>, D.C. 20549</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>CURRENT REPORT <font style=TEXT-TRANSFORM:uppercase>Pursuant</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>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>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:10pt>Date of report (Date of earliest event reported):</font> <b><u>May 16, 2012</u></b></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>ClearOne Communications, Inc.</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:8pt>(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:10pt>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:8pt>(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 style=BORDER-COLLAPSE:collapse cellpadding=0 cellspacing=0> <tr> <td width=351 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:263.2pt; 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">001-33660</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></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: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">87-0398877</font></u></b></p></td></tr> <tr> <td width=351 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:263.2pt; 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>(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:8pt>(I.R.S. employer <br>identification number)</font></p></td></tr> <tr style=HEIGHT:1pt> <td width=351 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:263.2pt; PADDING-RIGHT:5.4pt; HEIGHT:1pt; PADDING-TOP:0in" valign=bottom> <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, Salt Lake City, Utah</font></u></b></p></td> <td style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; PADDING-RIGHT:5.4pt; HEIGHT:1pt; PADDING-TOP:0in" valign=bottom> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt">&nbsp;</p></td> <td width=144 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:108.15pt; PADDING-RIGHT:5.4pt; HEIGHT:1pt; PADDING-TOP:0in" valign=bottom> <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>84116</font></u></b></p></td></tr> <tr> <td width=351 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:263.2pt; 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=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 -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:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><b></b>&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:8pt>(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:8pt>(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 240.14d-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:10pt"><br clear=all style=PAGE-BREAK-BEFORE:always></font> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><b><font style=FONT-SIZE:10pt>Item 8.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Events.</font></b></p> <p style="MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt">&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>On May 16, 2012, ClearOne Communications, Inc. (the &#147;Company&#148;) issued a press release attached hereto as Exhibit 99.1 and incorporated by reference.&nbsp; In the press release, the Company announced that its Board of Directors had authorized a&nbsp;stock buy-back program to acquire up to $2,000,000 in the Company&#146;s common stock during the next twelve months.&nbsp; All purchases will be executed in accordance with applicable federal securities laws.</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:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><b><font style=FONT-SIZE:10pt>Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Statements and Exhibits.</font></b></p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><font style=FONT-SIZE:10pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt"><font style=FONT-SIZE:10pt>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits.</font></p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:12pt">&nbsp;</p> <table width=607 style="WIDTH:455.4pt; BORDER-COLLAPSE:collapse" cellpadding=0 cellspacing=0> <tr> <td width=103 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:77.4pt; 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>Exhibit No.</font></u></p></td> <td width=408 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:4.25in; 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>Title of Document</font></u></p></td> <td width=96 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:1in; 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>Location</font></u></p></td></tr> <tr> <td width=103 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:77.4pt; 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>99.1</font></p></td> <td width=408 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:4.25in; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <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>Press Release dated May 16, 2012 captioned &#147;ClearOne&#146;s Board of Directors Authorizes Stock Buy-Back.&#148;</font></p></td> <td width=96 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:1in; 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>This Filing</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> <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> <table style=BORDER-COLLAPSE:collapse cellpadding=0 cellspacing=0> <tr> <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> <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> <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> <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> <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; May 16, 2012</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/ Zeynep Hakimoglu </font></u></p></td></tr> <tr> <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>Zeynep Hakimoglu</font></p></td></tr> <tr> <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>President and Chief Executive Officer</font></p></td></tr> <tr> <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></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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<FILENAME>exhibit_99z1doc.htm
<DESCRIPTION>EX 99.1 PRESS RELEASE
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<P style="margin:0px"><B><U>Contact: </U></B></P>
<P style="margin:0px">Jeff LeFevre</P>
<P style="margin:0px">Investor Relations </P>
<P style="margin:0px">801-303-3438</P>
<P style="margin:0px">jeff.lefevre@clearone.com </P>
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<P style="margin:0px; font-size:12pt" align=center><B>ClearOne<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>s Board of Directors Authorizes Stock Buy-back</B></P>
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<P style="margin:0px"><B>SALT LAKE CITY, UTAH (May 16, 2012)</B> <font style='font-family:Arial Unicode MS,Times New Roman'>&#8212;</font> ClearOne (NASDAQ: CLRO) today announced the company<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>s Board of Directors has approved a stock repurchase program. Under the program, ClearOne is authorized to repurchase up to $2 million of its outstanding shares of common stock from time to time over the next 12 months in open market or privately negotiated transactions depending on prevailing market conditions and other factors. &nbsp;The repurchase program may be suspended or discontinued at any time. All purchases will be executed in accordance with applicable federal securities laws.</P>
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<P style="margin:0px">&nbsp;<font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>Our current market valuation, cash balance and ongoing cash flow generation are all factors leading to our decision to activate a repurchase program, which we feel is an appropriate use of cash,<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font> said Zee Hakimoglu, President, Chief Executive Officer and Chairman of ClearOne. <font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>This move will also provide ClearOne with adequate flexibility for future initiatives.<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font></P>
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<P style="margin:0px"><B>About ClearOne</B></P>
<P style="margin:0px">ClearOne is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio, video and data multimedia communication. &nbsp;The performance and simplicity of its advanced comprehensive solutions enhance the quality of life. &nbsp;ClearOne products are designed for business and residential use, offering unprecedented levels of functionality, reliability and scalability. &nbsp;More information about the company can be found at <FONT style="color:#0000FF"><U>www.clearone.com</U></FONT>.</P>
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