UNITED STATES
SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549FORM 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) October 27, 2006
MIPS TECHNOLOGIES, INC.(Exact Name of Registrant as Specified in its Charter)| Delaware | 000-24487 | 77-0322161 |
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| (State or Other Jurisdiction of | (Commission File Number) | (IRS Employer Identification No.) |
| Incorporation or Organization) | | |
1225 Charleston Road
Mountain View, CA 94043(Address of Principal Executive Offices, including zip code)(650) 567-5000(Registrant’s telephone number, including area code)N/A(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 obligations of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] 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 8.01. Other Events.
On October 27, 2006, a shareholder derivative lawsuit was filed in the United States District Court for the Northern District of California naming the Company as a nominal defendant and several of the Company’s current and former officers and directors as defendants. The complaint alleges that the defendants breached their fiduciary duty and violated federal securities laws as a result of purported backdating of stock option grants, insider trading, and the dissemination of false statements. Plaintiff seeks to recover, purportedly on behalf of the Company, equitable relief, unspecified damages, attorneys’ fees and costs. The Company may be subject to additional lawsuits alleging claims based on similar factual allegations.
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.
Dated: November 1, 2006
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| MIPS TECHNOLOGIES, INC. |
| (Registrant) |
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| By: /s/ MERVIN S. KATO |
| Mervin S. Kato |
| Chief Financial Officer and Treasurer |
