-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EKYKPFh3cRnRLhIVOJqhD4kC8sD+BVqrt2TPhpCokOOdfvoRkNH1hVyXBtCdmdWF 5Qsd+juHl8xQc1yjzNTs7Q== 0001104659-07-051768.txt : 20070702 0001104659-07-051768.hdr.sgml : 20070702 20070702164142 ACCESSION NUMBER: 0001104659-07-051768 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070702 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070702 DATE AS OF CHANGE: 20070702 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SILICON LABORATORIES INC CENTRAL INDEX KEY: 0001038074 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 742793174 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-29823 FILM NUMBER: 07955889 BUSINESS ADDRESS: STREET 1: 400 W CESAR CHAVEZ CITY: AUSTIN STATE: TX ZIP: 78701 BUSINESS PHONE: 5124168500 MAIL ADDRESS: STREET 1: 400 W CESAR CHAVEZ CITY: AUSTIN STATE: TX ZIP: 78701 8-K 1 a07-17809_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

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): July 2, 2007

SILICON LABORATORIES INC.

(Exact Name of Registrant as Specified in Charter) 

Delaware

 

000-29823

 

74-2793174

(State or Other Jurisdiction

 

(Commission File Number)

 

(IRS Employer

of Incorporation)

 

 

 

Identification No.)

 

400 West Cesar Chavez, Austin, TX

 

78701

 

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: (512) 416-8500

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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On July 2, 2007, Silicon Laboratories Inc. (“Silicon Laboratories”) issued a press release announcing the appointment of Kurt Hoff as vice president of worldwide sales and an executive officer, effective as of July 2, 2007. Mr. Hoff joined Silicon Laboratories in January 2005 as vice president of European sales and operations. Prior to joining Silicon Laboratories, Mr. Hoff served as president, chief executive officer and director of Cognio, a spectrum management company, from December 2002 through July 2004. From May 1999 to December 2002, Mr. Hoff held various positions, including most recently President and General Manager, at C-Port Corporation, a network processor company acquired by Motorola. From May 1998 to May 1999, Mr. Hoff served as Vice President of Worldwide Sales at Philsar Electronics, a fabless semiconductor company. From 1992 to 1998, Mr. Hoff held various positions, including most recently Vice President of Sales, at Advanced Micro Devices where he managed operations of $500 million servicing large communications multinationals such as Lucent, Nortel and Alcatel.  Mr. Hoff is 50 years old and holds a bachelor’s degree in physics from the University of Illinois and a master’s degree in business administration from the University of Chicago.

Mr. Hoff will be replacing Gary Gay, who plans to retire but assist with the transition as senior vice president of worldwide sales through the end of fiscal 2007.

In connection with his appointment, Mr. Hoff will be eligible to participate under the Company’s 2007 Bonus Plan with a target bonus of 75% of his salary and Mr. Hoff has been granted 25,000 restricted stock units (which shall vest in three equal annual installments) and stock options to acquire 50,000 shares of common stock with an exercise price equal to the closing price as reported on the Nasdaq National Market on July 2, 2007 (which shall vest in installments over the next five years).

The press release announcing the appointment of Mr. Hoff is attached hereto as Exhibit 99.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

99 Press Release of Silicon Laboratories Inc. dated July 2, 2007.

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SIGNATURE

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.

 

 

 

 

SILICON LABORATORIES INC.

 

 

 

 

 

 

July 2, 2007

 

 

/s/  Paul V. Walsh, Jr.

Date

 

 

Paul V. Walsh, Jr.

 

 

Vice President of Finance

 

 

(Principal Accounting Officer)

 

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EXHIBIT INDEX

Exhibit No.

 

Description

 

 

 

99

 

Press release dated July 2, 2007 of the Registrant

 

4



EX-99 2 a07-17809_1ex99.htm EX-99

Exhibit 99

News Release

Silicon Laboratories Announces Sales Executive Appointments

AUSTIN, Texas – July 2, 2007 – Silicon Laboratories Inc. (Nasdaq: SLAB) today announced that Kurt Hoff will be appointed as the company’s vice president of worldwide sales and will become an executive officer, effective immediately.  Mr. Hoff will be replacing Gary Gay, who plans to retire but will assist with the transition through the end of the year.

Mr. Hoff brings more than 20 years of industry experience to the position. He joined Silicon Laboratories in 2005 and served as the company’s vice president of European sales and operations. Mr. Hoff has been instrumental in establishing a presence at key European accounts and in developing a distribution channel for the company’s expanding, broad-based business.

Prior to joining Silicon Laboratories, Mr. Hoff served as president, chief executive officer and director of Cognio, a spectrum management company. Mr. Hoff previously managed sales and operations for C-Port Corporation, a network processor company acquired by Motorola in May 2000. Additionally, Mr. Hoff held various positions at AMD including vice president of sales where he managed operations of $500 million servicing large communications multinationals such as Lucent, Nortel and Alcatel. Mr. Hoff holds a bachelor’s degree in physics from the University of Illinois and a master’s degree in business administration from the University of Chicago.

“Kurt’s succession to this role is a tribute to the strength and depth of our sales management team.  Kurt’s contribution in Europe has elevated our presence among major customers and helped us to scale our sales network. I am pleased to have a person of Kurt’s caliber prepared to step in and manage our global sales organization,” said Necip Sayiner, president and chief

-more-




executive officer of Silicon Laboratories. “I’d like to thank Gary for his tremendous contribution to the company. He is responsible for building a world-class team and successfully establishing Silicon Labs as a valued supplier to major customers.”

Vaughan Price will be joining Silicon Labs to replace Mr. Hoff as vice president of European sales. Mr. Price has 15 years of experience selling complex circuits into major accounts across Europe. Mr. Price was previously the Senior Area Director for Europe for Actel, where he built the regional sales and technical support teams and delivered results that consistently outperformed the market and the competition. Prior to Actel, Mr. Price spent five years at Texas Instruments supporting technical sales and marketing for DSP and ASIC products in Europe. Mr. Price began his sales career in distribution as a field application engineer where he was successful in securing design wins for 16 and 32-bit products. Mr. Price has a bachelor’s degree in electronics and a master’s degree in ASIC design and CAE tools from the University of Manchester.

“We are fortunate to have truly differentiated products to sell and a driven, talented sales organization,” said Gary Gay. “The key to continued growth is to expand our presence at major accounts and extend our early success in the distribution channel. Both Kurt and Vaughan have the energy and the expertise to execute on these objectives and help take the company to the next level.”

Silicon Laboratories Inc.

Silicon Laboratories is an industry leader in the innovation of high-performance, analog-intensive, mixed-signal ICs.  Developed by a world-class engineering team with unsurpassed expertise in mixed-signal design, Silicon Labs’ diverse portfolio of highly-integrated, easy-to-use products offers customers significant advantages in performance, size and power consumption.  These patented solutions serve a broad set of markets and applications including consumer, communications, computing, industrial and automotive.

Headquartered in Austin, TX, Silicon Labs is a global enterprise with operations, sales and design activities worldwide.  The company is committed to contributing to our

2




customers’ success by recruiting the highest quality talent to create industry-changing innovations. For more information about Silicon Labs, please visit www.silabs.com.

Cautionary Language

This press release may contain forward-looking statements based on Silicon Laboratories’ current expectations. These forward-looking statements involve risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. For a discussion of factors that could impact Silicon Laboratories’ financial results and cause actual results to differ materially from those in the forward-looking statements, please refer to Silicon Laboratories’ filings with the SEC. Silicon Laboratories disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: Silicon Laboratories Inc., Shannon Pleasant, 512/464-9254 shannon.pleasant@silabs.com

Note to editors: Silicon Laboratories and the Silicon Labs logo are trademarks of Silicon Laboratories Inc.  All other product names noted herein may be trademarks of their respective holders.

#  #  #

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