8-K

 

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 12, 2005

IXYS Corporation
__________________________________________
(Exact name of registrant as specified in its charter)

Delaware	000-26124	77-0140882
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
3540 Bassett Street, Santa Clara, California		95054
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: 408-982-0700

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 1.01 Entry into a Material Definitive Agreement.

On July 12, 2005, the Compensation Committee of the Board of Directors of IXYS Corporation (the "Company") approved a cash bonus in respect of the fiscal year ended March 31, 2005 for Dr. Nathan Zommer, Chief Executive Officer, of $260,000 and for Uzi Sasson, Chief Financial Officer, of $65,000. The amount of Mr. Sasson's bonus reflected the fact that Mr. Sasson was Chief Financial Officer for only four months of the fiscal year.

Dr. Zommer and Mr. Sasson subsequently decided to reduce the amount of their bonuses to $200,000 and $45,000, respectively, to provide additional funds for the hiring of a new employee.

Item 2.02 Results of Operations and Financial Condition.

The following information is furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act

On July 12, 2005, the Company issued a press release. The text of the Company’s press release is attached hereto as Exhibit 99.1.

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 hereunto duly authorized.

	IXYS Corporation
July 14, 2005	By:	Uzi Sasson
		Name: Uzi Sasson
		Title: Vice President of Finance and Chief Financial Officer

Exhibit Index

Exhibit No.	Description
99.1	Text of Press Release of IXYS Corporation, dated July 12, 2005

EX-99.1

Exhibit 99.1

IXYS Announces Reduced Revenues For The June Quarter

SANTA CLARA, CALIF. July 12, 2005 — IXYS Corporation (NASDAQ:SYXI), a leader in power semiconductors and ICs for power control and telecommunications applications, today announced that revenues for the quarter ended June 30, 2005 are expected to be about $63 million, down from revenues in the quarter ended March 31, 2005 of $69 million.

“Our streak of thirteen consecutive quarters of increasing revenues has ended,” said Dr. Nathan Zommer, CEO of IXYS. “Given our exceptional growth in revenues over the past 3 years, it is not all that surprising that a correction occurred. In the June quarter, as compared to the March quarter, our revenues in Europe weakened and, to a lesser extent, our sales into the plasma display panel market declined. We are working to address these issues.”

IXYS develops and markets primarily high performance power semiconductor and control ICs that are used in controlling and converting electrical power efficiently in power systems for telecommunication infrastructure, motor drives, medical systems and transportation. IXYS also serves emerging markets with a combination of digital and analog integrated circuits to control flat panel displays, medical instruments and telecommunications products.

Safe Harbor Statement

The foregoing press release contains forward-looking statements. Forward-looking statements include those regarding expectations about financial results and our work to address revenue-related issues. Actual results may vary materially from those contained in the forward-looking statements, due to revisions during the preparation and completion of the financial statements for the quarter ended June 30, 2005 or difficulties in addressing revenue-related issues. Further information on other risks that could affect IXYS is detailed and included in IXYS’s 10-K for the fiscal year ended March 31, 2005, as filed with the Securities and Exchange Commission. IXYS undertakes no obligation to publicly release the results of any revisions to these forward-looking statements.

Additional information about IXYS may be obtained by visiting IXYS’s website at http://www.ixys.com, or by contacting IXYS directly.