0001104659-09-007346.txt : 20090206 0001104659-09-007346.hdr.sgml : 20090206 20090206171056 ACCESSION NUMBER: 0001104659-09-007346 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090206 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090206 DATE AS OF CHANGE: 20090206 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: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07935 FILM NUMBER: 09578109 BUSINESS ADDRESS: STREET 1: 233 KANSAS ST CITY: EL SEGUNDO STATE: CA ZIP: 90245 BUSINESS PHONE: 3107268000 8-K 1 a09-4827_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) February 6, 2009

INTERNATIONAL RECTIFIER CORPORATION

(Exact Name of Registrant as Specified in Charter)

Delaware		001-7935		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)

(310) 726-8000

(Registrant’s telephone number, including area code)

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 7.01. Regulation FD Disclosure.

As disclosed in International Rectifier’s Quarterly Report on Form 10-Q for the period ending September 30, 2008 (the “September 30, 2008 10-Q”), International Rectifier refined the definition of its business segments by renaming its Aerospace and Defense segment its HiRel (“HR”) segment, combining its PowerStage segment with its Enterprise Power (“EP”) segment and creating a new Automotive Products (“AP”) segment which was previously reported within Energy Savings Products (“ESP”) and Power Management Devices (“PMD”) segments. Consequently, the Company now operates in seven segments: EP, PMD, ESP, HR, AP, Intellectual Property, and Transition Services. Additional details regarding the revised business segments can be found in Note 13 in the September 30, 2008 10-Q.

In the September 30, 2008 10-Q, the Company reported revenue and gross margin information for the three months ended September 30, 2008 and 2007 using the revised business segments and in the Company’s Quarterly Report on Form 10-Q for the period ending December 31, 2008 (the “December 31, 2008 10-Q”) the Company reported revenue and gross margin information for the three months and six months ended December 31, 2008 and 2007 using the revised business segments. For comparison purposes and to facilitate investor understanding of our revised business segments, the Company is voluntarily furnishing this Current Report on Form 8-K to present previously reported revenue and gross margin segment information on a basis consistent with the revised business segments. The schedule attached hereto as Exhibit 99.1, which is incorporated in this Item 7.01 by reference, sets forth revenue and gross margin information for the first fiscal quarter ending September 30, 2007 through the first fiscal quarter ending September 30, 2008. The information included in this Current Report on Form 8-K, including Exhibit 99.1, relates only to business segment revenue and gross margins unaudited and should be read in conjunction with the Company’s Annual Report on Form 10-K for the period ending June 30, 2008, the September 30, 2008 10-Q and the December 31, 2008 10-Q.

Item 9.01. Financial Statements and Exhibits.

Exhibit Number		Description
99.1		Supplemental Business Segment Information

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.

Date: February 6, 2009	INTERNATIONAL RECTIFIER CORPORATION


	By:	/s/ Ilan Daskal
		Name: Ilan Daskal
		Title: Executive Vice President & Chief Financial Officer

EXHIBIT INDEX

Exhibit Number		Description
99.1		Supplemental Business Segment Information

EX-99.1 2 a09-4827_1ex99d1.htm EX-99.1

Exhibit 99.1

Supplemental Business Information

Unaudited Results

For the three months ended September 30, 2007, December 31, 2007, March 31, 2008, June 30 2008, the twelve months ending June 30, 2008, and the three months ended September 30, 2008, revenue and gross margin unaudited by reportable segments are as follows (in thousands, except percentages):

	Three Months Ended September 30, 2007 (As restated)						Three Months Ended December 31, 2007 (As restated)
Business Segment	Revenues		Percentage of Total		Gross Margin		Revenues		Percentage of Total		Gross Margin
Power Management Devices	$	95,103	35.7	%	30.4	%	$	87,060	33.2	%	16.3	%
Energy-Saving Products	33,019		12.4		33.0		45,945		17.5		45.6
HiRel	36,509		13.7		51.1		41,599		15.8		56.3
Automotive Products	19,929		7.5		35.2		20,528		7.8		33.6
Enterprise Power	55,863		21.0		40.2		42,252		16.1		39.5
Ongoing Customer Segments Total	240,423		90.3		36.6		237,384		90.4		34.6
Intellectual Property	9,293		3.5		100.0		9,805		3.7		100.0
Ongoing Segments Total	249,716		93.8		38.9		247,189		94.1		37.2
Transition Services	16,478		6.2		0.8		15,547		5.9		0.7
Consolidated Total	$	266,194	100.0	%	36.6	%	$	262,736	100.0	%	35.0	%

	Three Months Ended March 31, 2008 (As restated)						Three Months Ended June 30, 2008 (As restated)
Business Segment	Revenues		Percentage of Total		Gross Margin		Revenues		Percentage of Total		Gross Margin
Power Management Devices	$	83,815	33.3	%	17.1	%	$	64,038	31.5	%	23.2	%
Energy-Saving Products	46,734		18.5		21.8		40,618		19.9		38.5
HiRel	39,421		15.6		46.8		35,326		17.3		46.7
Automotive Products	22,440		8.9		24.0		22,274		10.9		34.6
Enterprise Power	35,109		13.9		21.3		27,140		13.3		42.3
Ongoing Customer Segments Total	227,519		90.2		24.5		189,396		92.9		34.9
Intellectual Property	10,286		4.1		100.0		1,106		0.6		100.0
Ongoing Segments Total	237,805		94.3		27.8		190,502		93.5		35.3
Transition Services	14,419		5.7		2.9		13,174		6.5		(3.3	)
Consolidated Total	$	252,224	100.0	%	26.4	%	$	203,676	100.0	%	32.8	%

	Twelve Months Ended June 30, 2008 (As restated)
Business Segment	Revenues		Percentage of Total		Gross Margin
Power Management Devices	$	330,016	33.5	%	21.9	%
Energy-Saving Products	166,316		16.9		34.7
HiRel	152,855		15.5		50.4
Automotive Products	85,171		8.6		31.7
Enterprise Power	160,364		16.3		36.2
Ongoing Customer Segments Total	894,722		90.8		32.6
Intellectual Property	30,490		3.1		100.0
Ongoing Segments Total	925,212		93.9		34.9
Transition Services	59,618		6.1		0.4
Consolidated Total	$	984,830	100.0	%	32.8	%

	Three Months Ended September 30, 2008
Business Segment	Revenues		Percentage of Total		Gross Margin
Power Management Devices	$	73,778	30.2	%	21.4	%
Energy-Saving Products	46,136		18.9		42.9
HiRel	37,352		15.3		52.7
Automotive Products	17,593		7.2		33.4
Enterprise Power	37,279		15.2		42.6
Ongoing Customer Segments Total	212,138		86.8		36.3
Intellectual Property	19,967		8.2		100.0
Ongoing Segments Total	232,105		95.0		41.8
Transition Services	12,369		5.0		(4.7	)
Consolidated Total	$	244,474	100.0	%	39.4	%