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
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| Date of Report (Date of Earliest Event Reported): | | September 4, 2015 |
Fairchild Semiconductor International, Inc.
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(Exact name of registrant as specified in its charter)
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| Delaware | 001-15181 | 04-3363001 |
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(State or other jurisdiction | _____________
(Commission | ______________
(I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
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| 3030 Orchard Parkway, San Jose, California | | 95134 |
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(Address of principal executive offices) | | ___________
(Zip Code) |
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| Registrant’s telephone number, including area code: | | 408-822-2000 |
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 2.05 Costs Associated with Exit or Disposal Activities.
On September 4, 2015, we committed to a plan of termination expected to reduce operating expenses by approximately $30 million to $34 million annually. The plan is described in our news release dated September 9, 2015, which is included as Exhibit 99.1 and incorporated by reference in this report. We expect to incur approximately $13 million of severance expenses associated with the plan in the third quarter, and to make cash expenditures of approximately the same amount during the fourth quarter of 2015.
Item 7.01 Regulation FD Disclosure.
On September 9, 2015, we announced an update to our third quarter 2015 guidance. The update is described in our news release dated September 9, 2015, which is included as Exhibit 99.1 and incorporated by reference in this report.
Item 9.01 Financial Statements and Exhibits.
Exhibit 99.1 News release dated September 9, 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 hereunto duly authorized.
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| | | Fairchild Semiconductor International, Inc. |
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| September 9, 2015 | | By: | | /s/ Paul D. Delva
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| | | | | Name: Paul D. Delva |
| | | | | Title: Senior Vice President, General Counsel and Corporate Secretary |
Exhibit Index
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| Exhibit No. | | Description |
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99.1 | | News Release dated September 9, 2015 |
