-----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, Khol7h10DtYt8IstsnWk9KkZM6Eh1u32EbgHGeVF0cZiIQAMSkWPAEHkb4st38YS IKGqxd5Fa9TiZGCjSgZ1KA== 0001193125-08-222977.txt : 20081103 0001193125-08-222977.hdr.sgml : 20081103 20081103164158 ACCESSION NUMBER: 0001193125-08-222977 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20081028 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: 20081103 DATE AS OF CHANGE: 20081103 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MEMSIC Inc CENTRAL INDEX KEY: 0001386198 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33813 FILM NUMBER: 081157959 BUSINESS ADDRESS: STREET 1: 800 Turnpike Street CITY: North Andover STATE: MA ZIP: 01845 BUSINESS PHONE: 9787380900 MAIL ADDRESS: STREET 1: 800 Turnpike Street CITY: North Andover STATE: MA ZIP: 01845 8-K 1 d8k.htm FORM 8-K Form 8-K

 

 

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): October 28, 2008

 

 

MEMSIC, INC.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Delaware   001-33813   04-3457049

(State or other jurisdiction

of incorporation)

  (Commission File Number)  

(IRS Employer

Identification Number)

One Tech Drive, Suite 325, Andover, MA 01810

(Address of principal executive offices) (Zip Code)

One Tech Drive, Suite 325, Andover, MA 01810

(Mailing Address)

(978) 738-0900

(Registrant’s telephone number, including area code)

N/A

(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

On October 30, 2008, we announced the appointment of Mark S. Laich as vice president of worldwide sales. Mr. Laich is joining MEMSIC with over 20 years of semiconductor sales and intellectual property licensing expertise. Most recently Mr. Laich served as Vice President of Sales at Potentia Semiconductor Corporation. Prior to Potentia Semiconductor Corporation, Mr. Laich held positions with Azandra Network Devices and Lexra Corporation.

A copy of our October 30, 2008 press release announcing Mr. Laich’s appointment is included as Exhibit 99.1 to this current report.

ITEM 9.01 Financial Statements and Exhibits

(d) Exhibits

 

Exhibit No.

  

Description

  

Filed with this Form 8-K

   Incorporated by Reference
         Form    Filing Date    Exhibit No.
99.1    Press release dated October 30, 2008.    X         


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 thereunto duly authorized.

 

MEMSIC, INC.
By:  

/s/    Patricia Niu

  Patricia Niu,
  Chief Financial Officer

Date: November 3, 2008

EX-99.1 2 dex991.htm PRESS RELEASE Press Release

Exhibit 99.1

MEMSIC Appoints Mark Laich Vice President of Worldwide Sales

Andover, MA – October 30, 2008 – MEMSIC, Inc. (NasdaqGM: MEMS), the industry’s only MEMS solution provider to combine proprietary thermal-based technology with advanced mixed signal processing circuitry onto a single chip using standard CMOS IC process, today announced the addition of Mark Laich to its executive team in the position of Vice President of Worldwide Sales. Mr. Laich comes to MEMSIC with over 20 years of semiconductor sales and intellectual property licensing expertise with high growth companies. Mr. Laich has extensive experience establishing sales channels throughout the world, managing culturally diverse and geographically dispersed sales teams, directing the sales of complex semiconductor products, and establishing strategic relationships with major customers.

Most recently Laich served as at Vice President of Sales at Potentia Semiconductor, where he was and was responsible for directing worldwide sales of the company’s power management and conversion products. As a member of Potentia’s executive team, Laich was instrumental in refocusing the company’s business strategy on high revenue opportunities in flat panel TV applications.

Prior to Potentia, Mark held senior sales management positions at Azanda Network Devices, Lexra, ZSP, LG and Zilog. He began his career at AMD in Sunnyvale, CA and Austin, TX.

“I am very excited to be joining MEMSIC,” Laich said. “The company’s proprietary technology positions MEMSIC for rapid growth. MEMSIC’s differentiated components and solutions approach is unique and creates compelling opportunities for the company.”

Dr. Yang Zhao, President and CEO of MEMSIC said, “We are pleased to have someone with Mark’s experience managing global sales organizations join our executive team. His ability to lead across a diverse organization and attract tier-one customers worldwide will help drive our leadership as a MEMS component and solution provider.”

About MEMSIC

Headquartered in Andover, Massachusetts, MEMSIC, Inc. provides advanced semiconductor sensor and system solutions based on integrated micro electromechanical systems, or MEMS, technology and mixed signal circuit design. Its accelerometer products are used to measure tilt, shock, vibration and acceleration, and have a wide range of applications such as mobile phones, automotive safety systems and video projectors. MEMSIC combines proprietary thermal-based MEMS technology and advanced analog mixed signal processing circuitry design into a single chip using a standard complementary metal-oxide semiconductor, or CMOS, process.

For further information, please visit www.memsic.com.

Safe Harbor Statement

Statements included in this press release which are not historical in nature, including statements about MEMSIC’s expected financial results for 2008, are forward-looking statements made


pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of the company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements. When used in this press release the terms “anticipate,” “believe,” “estimate,” “expect,” “may,” “objective,” “plan,” “possible,” “potential,” “project,” “will” and similar expressions identify forward-looking statements. Important factors that could cause actual results to differ include those identified under the heading “Risk Factors” in the company’s annual report on Form 10-K for the year ended December 31, 2007, as well as the following: our limited operating history makes it difficult to evaluate our business and prospects; our operating results may fluctuate and are difficult to predict and if we do not meet financial expectations of securities analysts or investors, the price of our common stock will likely decline; we do not have long-term purchase commitments from our customers, and our ability to accurately forecast demand for and sales of our products is limited, which may result in excess or insufficient inventory and uncertainty and volatility with respect to our revenue from period to period; we depend on a limited number of customers for a high percentage of our revenues, and the loss of, or a significant reduction in orders from, any of these customers would significantly reduce our revenues; our products are complex and defects in our products could result in a loss of customers, damage to our reputation, decreased revenue, unexpected expenses, loss of market share and warranty and product liability claims; we may not be able to manage our business growth effectively, and failure to do so could strain our management, operating and other resources, which could materially and adversely affect our business and growth potential; and the average selling prices of products in our markets have historically decreased rapidly and will likely do so in the future, which could harm our gross margins and results.

The forward-looking statements contained in this press release are made as of the date hereof, and we do not undertake any obligation to update any forward-looking statements, whether as a result of future events, new information or otherwise.

Investor Contact:

Garo Toomajanian

ICR, Inc.

(978) 738-0900 x240

ir@memsic.com

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