-----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, CSlCoYvXlWoekR5kTWA/Htfr5NTEY2V+wauTYQLzsCoYmAng0hHVWMn6yLHOlTQt XJCdDKgewoqnKzA/4x027w== 0001140361-11-001903.txt : 20110107 0001140361-11-001903.hdr.sgml : 20110107 20110107161547 ACCESSION NUMBER: 0001140361-11-001903 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20101112 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110107 DATE AS OF CHANGE: 20110107 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STANDARD MICROSYSTEMS CORP CENTRAL INDEX KEY: 0000093384 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 112234952 STATE OF INCORPORATION: DE FISCAL YEAR END: 0806 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-07422 FILM NUMBER: 11517737 BUSINESS ADDRESS: STREET 1: 80 ARKAY DRIVE CITY: HAUPPAUGE STATE: NY ZIP: 11788 BUSINESS PHONE: 6314342904 MAIL ADDRESS: STREET 1: 80 ARKAY DR CITY: HAUPPAUGE STATE: NY ZIP: 11788 8-K 1 form8-k.htm STANDARD MICROSYSTEMS CORPORATION 8-K 11-12-2010 form8-k.htm
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):
November 12, 2010
 _____________________________________
 
STANDARD MICROSYSTEMS CORPORATION
(Exact name of Company as specified in its charter)
 
DELAWARE
0-7422
11-2234952
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
 
80 Arkay Drive, Hauppauge, New York     11788
(Address of principal executive offices) (Zip Code)
 
(631) 435-6000
(Company's telephone number, including area code)
 
N/A
(Former  name,  former  address and former  fiscal year,  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 Company under any of the following provisions:
 
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 2.01 Completion of Acquisition or Disposition of Assets.
 
On November 12, 2010, the Company completed its acquisition of Symwave, Inc. (“Symwave”), pursuant to the terms of the Agreement and Plan of Merger, dated as of November 12, 2010 (the “Merger Agreement”), by and among the Company, Symwave and SMSC Acquisition Corp., a wholly owned subsidiary of the Company (the “Merger Sub”).  Pursuant to the Merger Agreement, the Merger Sub merged with and into Symwave, and Symwave was renamed “SMSC Storage, Inc.”  Headquartered in Laguna Niguel, CA, with design centers in San Diego, CA and Shenzhen, China, Symwave is a supplier of “USB 3.0” storage and transfer technology.  The Company had previously made a $5.3 million equity investment in Symwave and provided  $3.1 million in bridge financing to Symwave.  Under the terms of the Merger Agreement, the Company paid no upfront cash consideration and agreed to make quarterly cash payments to former Symwave shareholders upon achievement of certain revenue and gross profit margin goals.  The former shareholders of Sywmave were principally venture capital funds and officers and employees of Symwave.

Item 9.01 Financial Statements and Exhibits.
 
(a) and (b)
 
Financial statements required to be filed under this Item will be filed as an amendment to this Current Report on Form 8-K as soon as practicable after the date hereof.
 
 
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 thereunto duly authorized.
 
 
STANDARD MICROSYSTEMS CORPORATION
 
(Company)
   
   
Date:  January 7, 2011
By:   /s/ Kris Sennesael
  
 
Kris Sennesael
 
Vice President and Chief Financial Officer
 
 
 
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