-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Lgt/7KSQuaDpUX2uzsmdbhVzc2N4jh+gQ5SBZrT7V1LMBkTC2Hrcn0wqpmiTukhP /UkO+RaNcj7BRExof4+krg== 0001104659-06-049105.txt : 20060727 0001104659-06-049105.hdr.sgml : 20060727 20060726200147 ACCESSION NUMBER: 0001104659-06-049105 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060724 ITEM INFORMATION: Other Events FILED AS OF DATE: 20060727 DATE AS OF CHANGE: 20060726 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SILICON STORAGE TECHNOLOGY INC CENTRAL INDEX KEY: 0000855906 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 770225590 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26944 FILM NUMBER: 06982678 BUSINESS ADDRESS: STREET 1: 1171 SONORA COURT CITY: SUNNYVALE STATE: CA ZIP: 94086 BUSINESS PHONE: 4087359110 MAIL ADDRESS: STREET 1: 1171 SONORA COURT CITY: SUNNYVALE STATE: CA ZIP: 94086 8-K 1 a06-16840_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

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): July 24, 2006

 

SILICON STORAGE TECHNOLOGY, INC.

(Exact name of registrant as specified in its charter)

 

California

000-26944

77-0225590

(State or other jurisdiction

(Commission

(IRS Employer

of incorporation)

File Number)

Identification No.)

 

1171 Sonora Court Sunnyvale, California

94086

(Address of principal executive offices)

(Zip Code)

 

Registrant’s telephone number, including area code: (408) 735-9110

 

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 (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.

On July 24, 2006, Silicon Storage Technology, Inc., or SST, was served two summons regarding the following complaints.

On July 13, 2006, a shareholder derivative complaint was filed in the United States District Court for the Northern District of California by Mike Brien. On July 18, 2006, a shareholder derivative complaint was filed in the United States District Court for the Northern District of California by Behrad Bazargani. Both complaints were brought purportedly on behalf of SST against certain current and former officers and directors of SST and allege among other things, that the named officers and directors: (a) breached their fiduciary duties as they allegedly colluded with each other to backdate stock options (b) violated Rule 10b-5 of the Securities Exchange Act of 1934 through their alleged actions, and (c) were unjustly enriched by their receipt and retention of such stock options.

SST’s management believes that SST and the named officers and directors have meritorious defenses to the complaints and intends to take all appropriate action in responding to the complaints.

SST does not intend to file further current reports on Form 8-K describing additional lawsuits, if any, purporting derivative status, in either federal or state court, which are based on allegations substantially similar to those contained in the complaints described above.



 

SIGNATURE

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.

Dated July 26, 2006

 

 

 

 

 

 

 

SILICON STORAGE TECHNOLOGY, INC.

 

 

 

 

 

 

 

By:

/s/ Arthur O. Whipple

 

 

Arthur O. Whipple

 

 

Vice President Finance &

 

 

Chief Financial Officer

 


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