0001445305-11-002610.txt : 20110823 0001445305-11-002610.hdr.sgml : 20110823 20110822185836 ACCESSION NUMBER: 0001445305-11-002610 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110818 ITEM INFORMATION: Other Events FILED AS OF DATE: 20110823 DATE AS OF CHANGE: 20110822 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MAXIM INTEGRATED PRODUCTS INC CENTRAL INDEX KEY: 0000743316 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 942896096 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34192 FILM NUMBER: 111050867 BUSINESS ADDRESS: STREET 1: 120 SAN GABRIEL DR CITY: SUNNYVALE STATE: CA ZIP: 94086 BUSINESS PHONE: 4087377600 MAIL ADDRESS: STREET 1: 120 SAN GABRIEL DR CITY: SUNNYVALE STATE: CA ZIP: 94086 8-K 1 maxim8-k8x22x11.htm FORM 8-K Maxim 8-K 8-22-11


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: August 18, 2011
(Date of Earliest Event Reported)


MAXIM INTEGRATED PRODUCTS, INC.
(Exact Name of Registrant as Specified in Its Charter)


DELAWARE
1-34192
94-2896096
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)


120 SAN GABRIEL DRIVE SUNNYVALE, CALIFORNIA
(Address of Principal Executive Offices)
 
94086
(Zip Code)
 


(408) 737-7600
(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 (see General Instruction A.2. below):

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 8.01 Other Events.

The Board of Directors of Maxim Integrated Products, Inc. (the “Company”) has authorized the repurchase of up to $750 million of the Company's Common Stock. The stock repurchase authorization does not have an expiration date and the pace of repurchase activity will depend on factors such as current stock price, levels of cash generation from operations, cash requirements and other factors. The Company's prior repurchase authorization has been cancelled and superseded by this new repurchase authorization. A copy of the press release announcing the stock repurchase program is being furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated into this Form 8-K by reference.

The information in this Current Report on Form 8-K and attached Exhibit 99.1 are furnished to, but not filed with, the Securities and Exchange Commission for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, and such information shall not be deemed to be incorporated by reference into any of the Company's filings with the Securities and Exchange Commission, except as shall be expressly set forth by specific reference in any of the Company's filings with the Securities and Exchange Commission, except as shall be expressly set forth by specific reference in any such filing.
Item 9.01 Financial Statements and Exhibits

(d)
Exhibits

 
Exhibit 99.1
Stock repurchase announcement issued August 22, 2011, by Maxim Integrated Products, Inc.

    






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.



MAXIM INTEGRATED PRODUCTS, INC.

 
By: /s/ Bruce E. Kiddoo
 
 
 
      Bruce E. Kiddoo
 
      Chief Financial Officer and Senior Vice President

                    
Date: August 22, 2011



EX-99.1 2 pressrelease.htm PRESS RELEASE Press Release


Press Release

Financial Contact:
Paresh Maniar
paresh.maniar@maxim-ic.com
    
    
MAXIM ANNOUNCES $750 MILLION SHARE REPURCHASE AUTHORIZATION

SUNNYVALE, CA- August 22, 2011 - Maxim Integrated Products, Inc. (NASDAQ:MXIM) today announced that its Board of Directors has authorized the repurchase of up to $750 million of the Company's Common Stock. All repurchases will be subject to market and economic conditions. The stock repurchase authorization does not have an expiration date and the pace of repurchase activity will depend on factors such as current stock price, levels of cash generation from operations, cash requirements and other factors. Under the Company's prior repurchase authorization from October 2008, which is now cancelled and superseded by this new authorization, the Company repurchased 41.1 million shares for $705 million.

About Maxim Integrated Products
Maxim makes highly integrated analog and mixed-signal semiconductors. Maxim reported revenue of approximately $2.5 billion for fiscal 2011. For more information, go to www.Maxim-ic.com.