-----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, HC6uih9l0eVd6vvCtcOFqZzvyIX0A95N7pR/0FEofdYBHotoAeMvb4sZlkxCzhsP MipA0tj3ilQIG4ayakVQ5w== 0000950103-03-000560.txt : 20030211 0000950103-03-000560.hdr.sgml : 20030211 20030210183827 ACCESSION NUMBER: 0000950103-03-000560 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030207 ITEM INFORMATION: Other events FILED AS OF DATE: 20030211 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VITESSE SEMICONDUCTOR CORP CENTRAL INDEX KEY: 0000880446 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 770138960 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19654 FILM NUMBER: 03548285 BUSINESS ADDRESS: STREET 1: 741 CALLE PLANO CITY: CAMARILLO STATE: CA ZIP: 93012 BUSINESS PHONE: 8053883700 MAIL ADDRESS: STREET 1: 741 CALLE PLANO CITY: CAMARILLO STATE: CA ZIP: 93012 8-K 1 feb0703_8k.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ------------------ FORM 8K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported) February 7, 2003 Vitesse Semiconductor Corporation - ------------------------------------------------------------------------------- (Exact name of Registrant as Specified in Charter) Delaware 77-0138960 - ------------------------------------------------------------------------------- (State or Other Jurisdiction (Commission File (IRS Employer of Incorporation) Number) Identification No.) 741 Calle Plano, Camarillo, California 93012 - ------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code (805) 388-3700 - ------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Item 5. Other Events. On February 7, 2003, Vitesse Semiconductor Corporation (the "Company") announced that its Board of Directors adopted a Stockholder Rights Plan (the "Plan"). The Plan, while not adopted in response to any specific effort to acquire control of the Company, is designed to enhance the ability of the board to maximize shareholder value in the event of an acquisition attempt. Under the Plan, each common stockholder of record at the close of business on March 7, 2003, will receive a dividend of one right for each share of Common Stock held. Each right entitles the holder to purchase from the Company one one-thousandth of a share of a new series of participating Preferred Stock at an initial purchase price of $20.00. If a person or group acquires 15.0% or more of the Company's outstanding Common Stock, holders of the rights (other than the person or group triggering their exercise) will be able to purchase, in exchange for the $20.00 exercise price, shares of the Company's Common Stock having twice the value of the exercise price. If, following an acquisition of 15.0% or more of the Company's Common Stock by a stockholder, the Company is involved in certain mergers or other business combinations, each right will entitle the holder to purchase, in exchange for the exercise price, common stock of the other party to such transaction having twice the value of the exercise price. The rights expire on February 7, 2013 unless extended by the Company's Board of Directors. 2 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. Vitesse Semiconductor Corporation By: /s/ Eugene F. Hovanec ----------------------------------- Name: Eugene F. Hovanec Title: Vice President, Finance and Chief Financial Officer February 7, 2003 3 -----END PRIVACY-ENHANCED MESSAGE-----