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): May 17, 2007

Cirrus Logic, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

Delaware	0-17795	77-0024818
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
2901 Via Fortuna, Austin, Texas		78746
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: 512-851-4000

Not Applicable
______________________________________________
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:

[  ]  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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 17, 2007, Dr. Jason P. Rhode was appointed by the Board of Directors of Cirrus Logic, Inc. (the "Company") as President and Chief Executive Officer of the Company. In addition, Dr. Rhode was appointed as a director of the Company to fill an existing vacancy on the Board. Dr. Rhode, age 37, joined the Company in July 1995, and was appointed General Manager, Mixed-Signal Audio product line, in December 2004. Dr. Rhode also served as director of marketing for analog and mixed signal products between November 2002 and November 2004.

In connection with his appointment, the Company’s Compensation Committee approved an increase in Dr. Rhode’s annual base salary to $335,000. In addition, the Compensation Committee approved the grant to Dr. Rhode of an option to purchase up to 325,000 shares of the Company’s common stock under the Company’s 2006 Equity Incentive Plan at fair market value as measured by the closing price on June 6, 2007, the Company’s next regu larly scheduled grant date, vesting over four years.

In addition, Mr. Michael L. Hackworth, the Chairman of the Board and, until Dr. Rhode’s appointment, the Acting President and Chief Executive Officer, intends to continue to work for the Company through the end of July 2007. During this period, Mr. Hackworth will support Dr. Rhode in his transition to his new role as President and Chief Executive Officer of the Company. On May 17, 2007, the independent directors approved a salary for Mr. Hackworth during this transition period at an annual rate of $345,600, payable on a bi-weekly basis for the period that he serves in this transitional role.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

In accordance with General Instruction B.2 of Form 8-K, the information set forth in the attached Exhibit 99.1 is deemed to be furnished and shall not be deemed to be "filed" for purposes of the Securities Exchange Act of 1934, as amended.

99.1 Cirrus Logic, Inc. press release dated May 17, 2007

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.

	Cirrus Logic, Inc.
May 17, 2007	By:	Thurman K. Case
		Name: Thurman K. Case
		Title: Chief Financial Officer

Exhibit Index

Exhibit No.	Description
99.1	Cirrus Logic, Inc. press release dated May 17, 2007

EX-99.1

CORPORATE NEWS

Media Contacts:
Bill Schnell
Cirrus Logic, Inc.
(512) 851-4084
bill.schnell@cirrus.com

Jason Rhode Appointed New Cirrus Logic President
and Chief Executive Officer

AUSTIN, Texas – May 17, 2007 – Cirrus Logic Inc. (Nasdaq: CRUS) today announced that Jason Rhode, Ph.D., 37, formerly vice president and general manager of Cirrus Logic’s Mixed-Signal Audio product line, has been appointed Cirrus Logic’s president and chief executive officer.

Rhode joined Cirrus Logic in 1995 as an analog design engineer and has led the Mixed-Signal Audio product line since December 2004. During his tenure as general manager, he has reinvigorated Cirrus Logic’s product line of analog and mixed-signal converter and interface products for consumer, professional and automotive audio applications. Previously, Rhode served as director of marketing for analog and mixed-signal products.

“We interviewed numerous external candidates for this position, but in the end the board of directors felt that Cirrus Logic is fortunate to have a number of strong leaders within the company,” said Mike Hackworth, Cirrus Logic chairman of the Board. “Jason, with his strong mix of both technical and business expertise, emerged as the Board’s unanimous decision. He possesses the vision, energy and commitment to drive the company into a new era of growth, built around the company’s solid foundation as a leading supplier of analog and mixed-signal semiconductors.”

“As a company, we have done an exceptional job in the past few years in establishing Cirrus Logic along a path of consistent profitability, with a healthy balance sheet, competitive products and strong intellectual property,” Rhode said. “I’m excited about the opportunity to add growth to that strong foundation.”

As president and CEO, Rhode will oversee Cirrus Logic’s worldwide operations, which encompass all product divisions and design centers, as well as operations and sales groups.

Rhode received his doctorate and masters degrees in electrical engineering from North Carolina State University and holds a bachelor of science degree in electrical engineering from San Diego State University. A member of IEEE, Rhode has been issued 19 U.S. patents in the area of mixed-signal technologies.

Cirrus Logic Inc.

Cirrus Logic develops high-precision analog and mixed-signal integrated circuits for a broad range of consumer and industrial markets. Building on its diverse analog mixed-signal patent portfolio, Cirrus Logic delivers highly optimized products for consumer and commercial audio, automotive entertainment and industrial applications. The company operates from headquarters in Austin, Texas, with offices in Europe, Japan and Asia.

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Cirrus Logic and Cirrus are trademarks of Cirrus Logic Inc. All other product names noted herein may be trademarks of their respective holders.