-----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, AosM9a29QuYyB9S9gCkS4fT8WBahTkH7o93EeKK1hgy16EFhmXoEKFZxSG/GUoWX jfRWDA2IiagESUWAsVw8pg== 0001104659-05-016973.txt : 20050419 0001104659-05-016973.hdr.sgml : 20050419 20050419090613 ACCESSION NUMBER: 0001104659-05-016973 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050419 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050419 DATE AS OF CHANGE: 20050419 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL RECTIFIER CORP /DE/ CENTRAL INDEX KEY: 0000316793 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 951528961 STATE OF INCORPORATION: DE FISCAL YEAR END: 0629 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07935 FILM NUMBER: 05758155 BUSINESS ADDRESS: STREET 1: 233 KANSAS ST CITY: EL SEGUNDO STATE: CA ZIP: 90245 BUSINESS PHONE: 3107268000 8-K 1 a05-6861_18k.htm 8-K

 

 

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)

April 19, 2005

 

INTERNATIONAL RECTIFIER CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware

 

1-7935

 

95-1528961

(State or other jurisdiction
of incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

233 KANSAS STREET, EL SEGUNDO, CALIFORNIA

 

90245

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code

310-726-8000

 

NO CHANGE

(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:

 

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 1.01               Entry into a Material Definitive Agreement.

 

                On April 19, 2005, International Rectifier Corporation issued a press release announcing accelerated vesting of outstanding stock options.  A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.

 

Item 8.01               Other Events.

 

                On April 19, 2005, International Rectifier Corporation issued a press release announcing accelerated vesting of outstanding stock options.  A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.

 

Item 9.01.               Financial Statements and Exhibits.

 

(c) Exhibits.

 

Exhibit No.

 

Description

99.1

 

Press release of International Rectifier Corporation, dated April 19, 2005.

 

2



 

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.

 

 

INTERNATIONAL RECTIFIER CORPORATION

 

 

Date: April 19, 2005

By:

/s/   DONALD R. DANCER

 

 

 

Name:

Donald R. Dancer

 

 

Title:

Secretary and General Counsel

 

3


EX-99.1 2 a05-6861_1ex99d1.htm EX-99.1

Exhibit 99.1

 

International Rectifier Announces Accelerated Vesting of Stock Options

 

EL SEGUNDO, Calif. – April 19, 2005 – International Rectifier Corporation (NYSE:IRF) today announced the accelerated  vesting of all currently outstanding unvested employee stock options. Unvested options to purchase approximately 7 million shares became exercisable as a result of the vesting acceleration.

 

The purpose of the accelerated vesting of outstanding unvested options is to enable the company to avoid recognizing in its income statement compensation expense associated with these options in future periods, upon adoption of FASB Statement No. 123R (Share-Based Payment) in July 2005. The resulting amount that will not be required to be expensed by the company is approximately $106 million over the course of the original vesting periods, $58 million of which would have been for fiscal year 2006. The company estimates a one-time charge as a result of the accelerated vesting of approximately $4 million in the June-quarter.

 

About International Rectifier

 

International Rectifier (NYSE:IRF) is a world leader in power management technology. IR’s analog and mixed signal ICs, advanced circuit devices, integrated power systems and components enable high performance computing and reduce energy waste from motors, the world’s single largest consumer of electricity. Leading manufacturers of computers, energy-conserving appliances, lighting, automobiles, satellites, aircraft and defense systems rely on IR’s power management benchmarks to power their next generation products. For more information, go to www.irf.com.

 

Company contact: Steve Harrison, 310-252-7731

 

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