UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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)
November 3, 2011
ADVANCED ANALOGIC TECHNOLOGIES INCORPORATED
(Exact name of registrant as specified in its charter)
Delaware | 000-51349 | 77-0462930 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
3230 Scott Boulevard, Santa Clara, California 95054
(Address of principal executive offices, including zip code)
(408) 737-4600
(Registrants telephone number, including area code)
Not Applicable
(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:
¨ | 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 8.01 | Other Events |
On November 3, 2011, Advanced Analogic Technologies Incorporated (the Company) issued a press release responding to recent statements by Skyworks Solutions, Inc. Reference is made to the Companys press release, which is included as Exhibit 99.1 hereto and is incorporated herein by reference thereto.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit Number |
Description | |
99.1 | Text of press release issued by Advanced Analogic Technologies Incorporated, dated November 3, 2011 |
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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.
ADVANCED ANALOGIC TECHNOLOGIES INCORPORATED |
/s/ Ashok Chandran |
Ashok Chandran |
Vice President, Chief Accounting Officer and interim Chief Financial Officer |
Date: November 3, 2011
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EXHIBIT INDEX
Exhibit Number |
Description | |
99.1 | Text of press release issued by Advanced Analogic Technologies Incorporated, dated November 3, 2011 |
Exhibit 99.1
PRESS RELEASE
ANALOGICTECH RESPONDS TO SKYWORKS LATEST SPURIOUS
ALLEGATIONS
Santa Clara, CA November 3, 2011 Advanced Analogic Technologies, Inc. (AnalogicTech or the Company) (Nasdaq: AATI), today issued the following statement in response to the Form 8K filed today by Skyworks Solutions, Inc. (Skyworks) (Nasdaq: SWKS) and Skyworks unilateral and unauthorized withdrawal of the Registration Statement on Form S-4 related to the Definitive Merger Agreement between Skyworks and AnalogicTech.
AnalogicTech believes the actions taken by Skyworks today are calculated acts of desperation to advance the interests of Skyworks at the expense of AnalogicTech and its stockholders.
Skyworks allegations are false, baseless and entirely without merit. AnalogicTech stands behind its financial statements and accounting practices and will continue to defend itself vigorously against Skyworks spurious claims.
Just a few months ago, Skyworks conducted extensive due diligence on AnalogicTech and entered into a legally binding definitive merger agreement to acquire the Company. We believe that Skyworks public disclosure of false allegations are in clear violation of the Delaware Chancery Courts rules of arbitration and are just another desperate attempt by Skyworks to renege on its obligations under its merger agreement with AnalogicTech.
We believe Skyworks has resorted to making these unfounded accusations in the court of public opinion because it knows these claims cannot withstand the scrutiny of a court of law.
AnalogicTech will continue to work within the Chancery Courts arbitration process. We are confident that the Chancery Court will uphold our position that no material adverse effect has occurred and that Skyworks not AnalogicTech has breached its obligations under the merger agreement.
AnalogicTech further cautions that Skyworks representation of the proceedings before the Delaware Chancery Court are inaccurate and should not be relied upon.
© Advanced Analogic Technologies Incorporated | Page 1 |
About Advanced Analogic Technologies, Inc.:
Advanced Analogic Technologies Incorporated (AATI), or AnalogicTech, develops advanced semiconductor system solutions that play a key role in the continuing evolution of feature-rich, energy efficient electronic devices. The company focuses on addressing the application-specific power management needs of consumer devices such as mobile handsets, digital cameras, tablets, notebooks, TV and LCD displays as well as devices in a broad range of industrial, medical and telecom applications. AATI also licenses device, process, package, and application-related technologies. Headquartered in Silicon Valley, AATI has design centers in Santa Clara and Shanghai, and Asia-based operations and logistics. For more information, please visit www.analogictech.com.
Contacts
Matt Sherman / Andrew Siegel / Jillian Palash
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
© Advanced Analogic Technologies Incorporated | Page 2 |