0000730000-12-000002.txt : 20120110 0000730000-12-000002.hdr.sgml : 20120110 20120109215914 ACCESSION NUMBER: 0000730000-12-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120109 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120110 DATE AS OF CHANGE: 20120109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SUPERTEX INC CENTRAL INDEX KEY: 0000730000 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 942328535 STATE OF INCORPORATION: CA FISCAL YEAR END: 1221 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-12718 FILM NUMBER: 12518633 BUSINESS ADDRESS: STREET 1: 1235 BORDEAUX DR CITY: SUNNYVALE STATE: CA ZIP: 94089 BUSINESS PHONE: 4087440100 MAIL ADDRESS: STREET 1: 1235 BORDEAUX DR CITY: SUNNYVALE STATE: CA ZIP: 94089 8-K 1 prguidance8kq3fy12.htm 8K prguidance8kq3fy12.htm


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):   January 9, 2012

 
SUPERTEX, INC.
 
(Exact name of registrant as specified in its charter)

 
California
 
 
0-12718
 
 
94-2328535
(State or other jurisdiction of incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)

 
1235 Bordeaux Drive, Sunnyvale, California
 
94089
(Address of principal executive offices)
(Zip Code)

Registrant's telephone number, including area code 408-222-8888

 
 
(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))

 
 

 


TABLE OF CONTENTS
 
Item 2.02   Results of Operations and Financial Condition.
 
Item 9.01   Financial Statements and Exhibits.
 
Signatures
 
 Item 2.02.    Results of Operations and Financial Condition.

On January 9, 2012, Supertex, Inc. (the "Company") announced via news release updated estimated results for its fiscal 2012 third quarter ended December 31, 2011.  The full text of the news release issued in connection with that announcement is attached as Exhibit 99.1 to this Current Report on Form 8-K.

The information contained in Item 2.02 and Exhibit 99.1 of this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such filing.

 
Item 9.01    Financial Statements and Exhibits.
 
(d)  Exhibits.

 Exhibit 99.1, the Company's News Release dated January 9, 2012, is furnished pursuant to Item 2.02 of Form 8-K.
 

 
 

 



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.


 
   
Supertex, Inc
   
(Registrant)
     
Date: January 9, 2012
By
/s/ Phillip A. Kagel
 
Name
Phillip A. Kagel
 
Title
Vice President, Finance and Chief Financial Officer
 
 

 
 

 

Exhibit Index

Exhibit                                Exhibit Description

Exhibit 99.1
News Release dated January 9, 2012, is furnished pursuant to Item 2.02 of Form 8-K.
 
 

 
 

 

EX-99.1 CHARTER 2 prguidanceq3fy12.htm PRESS RELEASE prguidanceq3fy12.htm
Supertex, Inc.
News Release
FOR IMMEDIATE RELEASE
Corporate Headquarters:
 
Dr. Henry C. Pao
 
President & CEO
 
408/222-8888
 

 
Supertex Updates Fiscal Third Quarter Guidance

Sunnyvale, CA (January 9, 2012) - Supertex, Inc. (NASDAQ GS: SUPX) today announced that it expects third fiscal quarter revenue to be in the range of $13,500,000 to $14,000,000. This represents a decline of 15% from the Company's previous third fiscal quarter revenue guidance of a 5% sequential decline, or $16,100,000.

"Sales were lower than anticipated in most of our target markets, especially medical ultrasound which experienced a greater than normal seasonal decline. We believe our customers were being cautious in light of the global economical slowdown, and either didn't place orders or pushed out their delivery schedules," stated Dr. Henry C. Pao, President and CEO. "The effect of reduced sales combined with lower than anticipated wafer fab capacity utilization is expected to reduce gross margin below or materially below our previous guidance of 45-47%, notwithstanding the cost reductions deployed in the past several quarters."

Dr. Pao further stated, "On the other hand, we are encouraged by our new product launches during fiscal 2011 and the first nine months of fiscal 2012. We see many design-wins and growth opportunities in LED general lighting, medical ultrasound and other applications in the coming quarters."

Forward-Looking Statements:

All statements contained in this press release that are not historical facts are forward-looking statements. Forward-looking statements in this press release include our guidance for third fiscal quarter revenue and gross margin and our expectation of design wins and sales growth in the coming quarters from our new products released during the prior year and three quarters. They are not guarantees of future performance or events but rather they are based upon our current expectations, estimates, beliefs, and assumptions about the future, which may prove incorrect, and upon our goals and objectives, which may change.  Some of the risks and other uncertainties associated with these forward-looking statements are whether there are fewer customer purchases from distributor inventories and from their hub inventory during the quarter than we anticipated, whether the performance of the devices we launched during the prior year and three quarters satisfies the requirements of our  customers so that they design them into the products they are developing, and whether our customers determine to release their new products containing our recently-released devices into the market and ultimately generate material sales volume from such products as well as other risk factors detailed in our Form 8-K, 10-K, and 10-Q filings with the Securities and Exchange Commission. Due to these and other risks, our future actual results could differ materially from those discussed above. We undertake no obligation to publicly release updates or revisions to these statements that speak only as of this date.

About Supertex

Supertex, Inc. is a publicly held mixed signal semiconductor manufacturer, focused in high voltage products for use in the telecommunication, networking systems, flat panel display, medical, and industrial electronics industries. Supertex product, corporate, and financial information is readily available at our website: http://www.supertex.com.

For further information, contact Investor Relations at Supertex, Inc., 1235 Bordeaux Drive, Sunnyvale, California 94089, 408-222-8888 or visit our website at http://www.supertex.com.