UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or Section 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 10, 2015
Semtech Corporation
(Exact
name of registrant as specified in its charter)
Delaware
(State
or other jurisdiction
of
incorporation)
|
1-6395 |
95-2119684 |
|
|
(Commission File Number) |
(IRS Employer Identification No.) |
|
200 Flynn Road
Camarillo, California |
93012-8790 | |
| (Address of principal executive offices) | (Zip Code) |
805-498-2111
Registrant’s
telephone number, including area code
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 April 10, 2015, Charles E. Harper resigned from his position as Senior Vice President and Chief Strategy Officer of Semtech Corporation (the “Company”) to become Chief Executive Officer of Jariet Technologies, Inc. (“Jariet”), a newly-formed company to which the Company divested its defense and microwave communications infrastructure business in exchange for a minority equity interest in Jariet.
Item 7.01 Regulation FD Disclosure
On April 14, 2015, the Company issued a press release announcing the completion of the previously announced divesture of its defense and microwave communications infrastructure business to Jariet. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K.
The information in this Item 7.01 and in Exhibit 99.1 furnished herewith shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act unless specifically stated by the Company.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit | ||
| Number | Description | |
| 99.1 |
Press Release of Semtech Corporation dated April 14, 2015 |
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 thereunto duly
authorized.
|
Date: April 14, 2015 |
SEMTECH CORPORATION | ||
| /s/ Emeka N. Chukwu | |||
| Name: | Emeka N. Chukwu | ||
| Title: | Chief Financial Officer | ||
Exhibit 99.1
Semtech Completes Divestiture of Defense & Microwave Business
CAMARILLO, Calif.--(BUSINESS WIRE)--April 14, 2015--Semtech Corporation (Nasdaq: SMTC), a leading supplier of analog and mixed-signal semiconductors, today announced it has completed the previously announced divestiture of its defense and microwave communications infrastructure business to Jariet Technologies, Inc.
On March 4, 2015, during its fourth quarter and fiscal year 2015 earnings call, Semtech advised that it would be divesting or shutting down its defense and microwave communications infrastructure business, including its defense module business, due to concerns about time to revenue in the business. The defense and microwave business was a part of the Sierra Monolithics, Inc. acquisition completed in 2009.
Effective April 10, 2015, Semtech divested the business to newly-formed Jariet Technologies in exchange for a minority equity interest in that company.
Along with the divestiture, Semtech also announced that Charles Harper, Senior Vice President and Chief Strategy Officer of Semtech, resigned on April 10, 2015 to become Chief Executive Officer of Jariet Technologies.
About Semtech
Semtech Corporation is a leading supplier of analog and mixed-signal semiconductors for high-end consumer, enterprise computing, communications and industrial equipment. Products are designed to benefit the engineering community as well as the global community. The Company is dedicated to reducing the impact it, and its products, have on the environment. Internal green programs seek to reduce waste through material and manufacturing control, use of green technology and designing for resource reduction. Publicly traded since 1967, Semtech is listed on the NASDAQ Global Select Market under the symbol SMTC. For more information, visit http://www.semtech.com.
Semtech and the Semtech logo are registered marks of Semtech Corporation.
CONTACT:
Semtech Corporation
Sandy Harrison
(805) 480-2004
webir@semtech.com