8-K 1 v097963_8k.htm Unassociated Document
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): December 19, 2007
 

 
JAZZ TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
 
Delaware
(State or other jurisdiction of incorporation)
 
001-32832
 
20-3320580
(Commission File Number)
 
(IRS Employer Identification No.)

4321 Jamboree Road
Newport Beach, California 92660
(Address of principal executive offices, including Zip Code)
Registrant's telephone number, including area code: (949) 435-8000
 
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 7.01. REGULATION FD DISCLOSURE.
 
On December 19, 2007, Jazz Technologies, Inc. (the “Company”) announced that its Board of Directors has authorized an increase in the maximum amount that the Company may spend on purchases under its stock and warrant repurchase program. The maximum amount has been increased from $50 million to $52 million. The stock and warrant repurchase program was announced on January 11, 2007 and is scheduled to expire on January 15, 2008.

The Company also announced that between December 14 and 17, 2007, it paid approximately $8.7 million for the repurchase of $10.5 million in original principal amount of its 8% convertible senior notes issued in December 2006.

A copy of the press release announcing the increase in the maximum authorized amount under the stock and warrant repurchase program and the Company’s repurchase of its convertible senior notes is furnished herewith as Exhibit 99.1.
 
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
   
Exhibit No.
Description
   
99.1
Press release dated December 19, 2007.
   
 


SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, Jazz Technologies, Inc. Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
     
 
JAZZ TECHNOLOGIES, INC.
 
 
 
 
 
 
Dated: December 21, 2007 By:    /s/ Allen R. Grogan                             
 
Allen R. Grogan
Chief Legal Officer and Secretary
   
 

 
 
EXHIBIT INDEX
 
Exhibit No.
Description
   
99.1
Press release dated December 19, 2007.