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
July 15, 2013
Date of Report (Date of earliest event reported)
Commission File No. 0-14225
EXAR CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation) |
94-1741481
(IRS Employer Identification No.) |
48720 Kato Road, Fremont, CA 94538
(Address of principal executive offices, Zip Code)
(510) 668-7000
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:
☐ 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 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
(d) On July 15, 2013, Exar Corporation (the “Company”) provided notice to the NASDAQ Global Select Market (“NASDAQ”) that the Company intends to voluntarily transfer the listing of its common stock, par value $0.0001 per share (the “Common Stock”), from NASDAQ to the New York Stock Exchange LLC (“NYSE”). The Common Stock has been approved for listing on the NYSE, and the Company expects that the Common Stock will begin trading on the NYSE on July 29, 2013. The Common Stock will continue to trade under the ticker symbol “EXAR.” The Company expects that the Common Stock will cease trading on NASDAQ effective at the close of the market on July 26, 2013.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release of Exar Corporation dated July 15, 2013.
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: July 19, 2013 | EXAR CORPORATION | ||
/s/ Ryan A. Benton | |||
Ryan A. Benton | |||
Senior Vice President and Chief Financial Officer | |||
(Principal Financial and Accounting Officer) |
Exhibit Index
Exhibit 99.1 – Press Release of Exar Corporation dated July 15, 2013.
Exhibit 99.1
Press Release
Exar Corporation to Transfer Stock Listing to NYSE
Fremont, California, July 15, 2013 – Exar Corporation (Nasdaq: EXAR), a leading provider of high-performance analog mixed-signal products and data management solutions, announced the pending transfer of the listing of its common stock from the NASDAQ Global Select Market (“NASDAQ”) to the New York Stock Exchange (“NYSE”).
“This past year Exar has seen a return to growth, profitability and consistent performance,” commented Exar SVP and CFO Ryan Benton. “This milestone marks an important step in our ongoing efforts to maximize shareholder return. The NYSE is home to many of the world’s most well-established and successful companies. We believe it provides the ideal trading platform and unparalleled exposure to the global investment community.”
“We’re thrilled to partner in Exar’s growth strategy, and its decision to list on the NYSE underscores the strength of our global brand and innovative market model,” said Scott Cutler, EVP and Head of Global Listings, NYSE Euronext. “Exar’s addition to our issuer community speaks to our momentum in technology listings and global leadership. We look forward to welcoming Exar to the NYSE, and to serving the company and its shareholders.”
The Company expects to begin trading on the NYSE on Monday July 29, 2013, using its current ticker symbol. To celebrate the transfer, representatives of Exar Corporation will ring the NYSE Opening Bell at 9:30 a.m. ET, which will be broadcast live on the Company's website at www.exar.com.
About Exar
Exar Corporation designs, develops and markets high-performance, analog mixed-signal integrated circuits and advanced sub-system solutions for the Networking & Storage, Industrial & Embedded Systems, and Communications Infrastructure markets. Exar's product portfolio includes power management and connectivity components, high-performance analog and mixed-signal products, communications products, and network security and storage optimization solutions. Exar has locations worldwide providing real-time customer support. For more information about Exar, visit http://www.exar.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The forward-looking statements contained in this press release and in related comments by our management, our use of the words "expect," "anticipate," "possible," "potential," "target," "believe," "commit," "intend," "continue," "may," "would," "could," "should," "project," "projected," "positioned" or similar expressions is intended to identify forward-looking statements that represent our current judgment about possible future events. These statements are not guarantees of any event or future performance, involve risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. Therefore, actual outcomes and results may differ materially from what is expressed herein. In any forward-looking statement in which the Company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to have a reasonable basis at the time expressed, but there can be no assurance that the statement or expectation or belief will result or be achieved or accomplished and the Company disclaims any duty to update such statements. The Company urges investors to review in detail the risks and uncertainties in the Company’s Securities and Exchange Commission filings, including but not limited to the Annual Report on Form 10-K for the fiscal year ended March 31, 2013.
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For Press Inquiries Contact: press@exar.com
For Investor Relations Contact: investorrelations@exar.com, or
Laura J. Guerrant-Oiye, Guerrant Associates
Phone: (510) 668 7201
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