NAYNA NETWORKS, INC.

FORM 8-K
(Current report filing)

Filed 03/13/08 for the Period Ending 03/11/08

Address 5525 SOUTH 900 EAST SUITE 110

SALT LAKE CITY, UT 84117
Telephone 8012628844
CIK 0000769591
Symbol NAYN
SIC Code 3576 - Computer Communications Equipment
Fiscal Year 08/31

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 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)

March 11, 2008

NAYNA NETWORKS, INC.

(Exact name of registrant as specified in its charter)

Nevada 000-13822 83-0210455

(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)

4699 OLD IRONSIDES DRIVE, SUITE 420

SANTA CLARA, CALIFORNIA 95054
(Address of principal executive offices, including zip code)

(408) 956-8000
(Registrant’s telephone number, including area code)

(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 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF
CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

Nayna Networks, Inc. (the "Company") announced today with great regret the untimely death of Suresh R. Pillai, the Company's President and
Chief Executive Officer ("CEO"). Mr. Pillai passed away on Tuesday, March 11, 2008 at Griffin Hospital in Derby, Connecticut, where he had
been hospitalized since March 7, 2008.

Mr. Pillai had been President of Nayna since July 2, 2007. Previously, he was Vice President of Nayna’s Broadband division and General
Manager of Nayna Networks India, positions he held since joining Nayna in January 2006. Prior to joining Nayna, Mr. Pillai was the Founder
and President of Abundance Networks - a provider of leading next generation SDH based network access solutions. He was also the Founder
and President of Omnee Systems and Software (OSS Corp.), a concept to production product development firm specializing in
telecommunications, networking and interactive products and subsystems. He was also the Founder and President of Omni Corp., which was
sold to ICL (Fujitsu). He started his career as an engineer working for ITT Systems in Shelton, CT. A native of India, Mr. Pillai held a BS from
the University of Glasgow, Scotland, UK and an MSEE from the Polytechnic Institute of NY, at Brooklyn.

On March 12, 2008, the Board of Directors appointed Thomas P. Richtarich, the Company's Chief Financial Officer, as President and Chief
Executive Officer. Mr. Richtarich was also elected a member of the Board of Directors. Mr. Richtarich had been acting CEO since March 5,
2008, due to Mr. Pillai’s hospitalization.

Mr. Richtarich has been Chief Financial Officer of the Company since June 26, 2007 and has been with the Company since January 2006,
serving as Vice-President of its Broadband Division. Mr. Richtarich was appointed interim Chief Financial Officer on February 14, 2007.

Prior to joining the Company, Mr. Richtarich was Vice President of Marketing and Business Development for Abundance Networks - a
provider of leading next generation SONET/SDH based network access solutions. In addition to his marketing responsibilities for Abundance,
he also served as Chief Financial Officer. Mr. Richtarich also led the marketing and business development efforts for OSS Corporation - a
concept to production product development firm specializing in telecommunications, networking and interactive products and subsystems. He
also held a number of key marketing and business development positions with the Southern New England Telecommunications (SNET, now a
subsidiary of AT&T). Mr. Richtarich has a bachelor’s degree in Political Science from Fairfield University in Fairfield, CT and an MBA from
the University of Connecticut School of Business.
 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.

NAYNA NETWORKS, INC.

By:/s/ Thomas P. Richtarich

Thomas P. Richtarich
Chief Executive Officer

Date: March 13, 2008