Form 8-K

SYNAPTICS INCORPORATED

Date: November 17, 2017

/s/ John McFarland

John McFarland

Senior Vice President, General Counsel and Secretary

0001193125-17-346930.txt : 20171117 0001193125-17-346930.hdr.sgml : 20171117 20171117160302 ACCESSION NUMBER: 0001193125-17-346930 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20171115 ITEM INFORMATION: Cost Associated with Exit or Disposal Activities FILED AS OF DATE: 20171117 DATE AS OF CHANGE: 20171117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SYNAPTICS Inc CENTRAL INDEX KEY: 0000817720 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 770118518 STATE OF INCORPORATION: DE FISCAL YEAR END: 0627 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-49602 FILM NUMBER: 171210947 BUSINESS ADDRESS: STREET 1: 1251 MCKAY DRIVE CITY: SAN JOSE STATE: CA ZIP: 95131-3326 BUSINESS PHONE: 408-904-1100 MAIL ADDRESS: STREET 1: 1251 MCKAY DRIVE CITY: SAN JOSE STATE: CA ZIP: 95131-3326 FORMER COMPANY: FORMER CONFORMED NAME: SYNAPTICS INC DATE OF NAME CHANGE: 20010216 8-K 1 d497152d8k.htm FORM 8-K Form 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

November 15, 2017

Date of Report (Date of earliest event reported)

SYNAPTICS INCORPORATED

(Exact Name of Registrant as Specified in Its Charter)

DELAWARE

000-49602

77-0118518

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

1251 McKay Drive

San Jose, California 95131

(Address of Principal Executive Offices) (Zip Code)

(408) 904-1100

(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):

☐	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))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.05.

Costs Associated with Exit or Disposal Activities.

On November 15, 2017, Synaptics Incorporated (the “Company”) implemented and notified impacted employees of a reduction in force program that will eliminate approximately 156 employee positions and reduce global headcount by approximately seven percent. The Company will also implement a space consolidation program impacting certain of its locations. The reduction in force and space consolidation programs are being implemented as part of a comprehensive review of the Company’s operations and is intended to streamline and reduce its operating cost structure and capitalize on acquisition synergies.

The Company currently expects the reduction in force charges, consisting primarily of severance and other one-time benefits, to be in the range of $8.0 to $10.0 million and space consolidation actions to be in the range of $1.0 to $2.0 million. The costs associated with the reduction in force and space consolidation actions will be paid predominantly in cash. The Company anticipates that these charges will be primarily recognized in the Company’s second quarter of fiscal 2018, with additional costs to be recognized in the second half of fiscal 2018.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.