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): August 3 , 2006
MAGMA DESIGN AUTOMATION, INC.
(Exact name of Registrant as Specified in Its Charter)
Delaware
(State or other jurisdiction of incorporation)
| 000-33213 | 77-0454924 | |
| (Commission File Number) | (I.R.S. Employer Identification Number) |
| 5460 Bayfront Plaza, Santa Clara, California | 95054 | |
| (Address of principal executive offices) | (Zip Code) |
(408) 565-7500
(Registrant’s telephone number, including area code)
(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 2.02. Results of Operations and Financial Condition.
On August 3, 2006, Magma Design Automation, Inc. (“Magma”) issued a press release reporting its financial results for the quarter ended July 2, 2006. The press release includes Magma’s balance sheet as of July 2, 2006, presentations of Magma’s historical statements of operations prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”), and presentations prepared on a non-GAAP basis. It also includes Magma’s projected net income and net income per share on a GAAP and non-GAAP basis for the quarter to end on October 1, 2006. Magma’s adjustments to GAAP in calculating non-GAAP results and projections are described in the press release, which is furnished as Exhibit 99.1 and incorporated herein by reference. In addition, the impact of these adjustments is quantified in the reconciliation tables included with the press release.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits. |
The following exhibit is furnished herewith:
| Exhibit No. | Description | |
| 99.1 | Press Release issued August 3, 2006. |
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.
| MAGMA DESIGN AUTOMATION, INC. | ||||
| Dated: August 3, 2006 | By: | /s/ Peter S. Teshima | ||
| Peter S. Teshima | ||||
| Corporate Vice President- Finance and | ||||
| Chief Financial Officer | ||||
EXHIBIT INDEX
| Exhibit No. | Description | |
| 99.1 | Press Release issued August 3, 2006. |