0000898430-01-502456.txt : 20011009 0000898430-01-502456.hdr.sgml : 20011009 ACCESSION NUMBER: 0000898430-01-502456 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010920 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20010921 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEMTECH CORP CENTRAL INDEX KEY: 0000088941 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 952119684 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06395 FILM NUMBER: 1742020 BUSINESS ADDRESS: STREET 1: 652 MITCHELL RD CITY: NEWBURY PARK STATE: CA ZIP: 91320 BUSINESS PHONE: 8054982111 MAIL ADDRESS: STREET 1: 652 MITCHELL ROAD STREET 2: 652 MITCHELL ROAD CITY: NEWBURY PARK STATE: CA ZIP: 91320 8-K 1 d8k.txt FORM 8-K ________________________________________________________________________________ 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: September 20, 2001 Semtech Corporation (Exact name of registrant as specified in its charter) Delaware 1-6395 95-2119684 (State or other jurisdiction of (Commission (IRS Employer Identification No.) incorporation or organization) File Number) 652 Mitchell Road Newbury Park, California 91320 (Address of Principal Executive Offices) (Zip Code) (805) 498-2111 (Registrant's telephone number, including area code)
________________________________________________________________________________ Item 5. Other Events. ------------ The Registrant issued the press release, filed as Exhibit 99.1 hereto, on September 20, 2001. Item 7. Financial Statements and Exhibits. --------------------------------- Exhibit Number Description of Document -------------- ----------------------- 99.1 Press Release of the Registrant dated September 20, 2001. -1- 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 hereunto duly authorized. Date: September 20, 2001 SEMTECH CORPORATON By: /s/ David G. Franz, Jr. ------------------------------ David G. Franz, Jr. Chief Financial Officer -2- INDEX TO EXHIBITS Exhibit Number Description of Document -------------- ----------------------- 99.1 Press Release of the Registrant dated September 20, 2001. -3- EX-99.1 3 dex991.txt PRESS RELEASE Exhibit 99.1 ------------ [LOGO] SEMTECH ================================================================================ NEWS RELEASE SEMTECH ANNOUNCES ADDITIONAL $50 MILLION STOCK BUYBACK; REAFFIRMS GUIDANCE FOR SEQUENTIAL SALES GROWTH 7:00 a.m. EDT Thursday, September 20, 2001 NEWBURY PARK, CALIFORNIA, September 20, 2001 - SEMTECH CORPORATION (Nasdaq: SMTC) today announced that its board of directors has authorized an additional $50 million to the current buyback program. The Company is now authorized to purchase $100 million of common stock and registered convertible subordinated notes from time to time through open market transactions. Since January 2001, the Company has bought back $24 million in stock and notes under this program. Semtech also indicated that it expects to achieve the high end of its previous guidance for 3 to 5 percent sequential sales growth in the third quarter ending October 28, 2001. At 5 percent sequential sales growth, the Company forecasts earnings to be approximately 9 cents per diluted share. About Semtech Semtech Corporation is a leading supplier of analog and mixed-signal semiconductors used in a wide range of computer, industrial and communication applications. Publicly traded since 1967, Semtech is listed on the Nasdaq National Market under the symbol SMTC. Safe Harbor Provision Statements contained in this release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including projections and forecasts for revenue and gross margin, involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include worldwide economic and political conditions, the timing and duration of semiconductor market upturns or downturns, demand for personal computers, cellular phones and automated test equipment, demand for semiconductor devices in general, competitors' actions, -4- relations with large strategic customers and suppliers, manufacturing costs and yields, demand for the Company's products in particular, and risks associated with the businesses of major customers. Other factors that may cause actual results to differ from the forward-looking statements contained in this press release and that may affect the Company's prospects in general are described in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise forward-looking statements to reflect subsequent events or changed assumptions or circumstances. Investor Relations Contact John Baumann, Treasurer, Telephone: 805-480-2010 -5-