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): January 31, 2008
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) | |
| 1650 Technology Drive, San Jose, California | 95110 | |
| (Address of principal executive offices) | (Zip Code) | |
(408) 565-7500
(Registrant’s telephone number, including area code)
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 2.02. | Results of Operations and Financial Condition. |
On January 31, 2008, Magma Design Automation, Inc. (“Magma”) issued a press release reporting its financial results for the quarter ended January 6, 2008. The press release is furnished as Exhibit 99.1 to this Form 8-K.
The information included under this Item 2.02 of this Form 8-K and the Exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Act of 1934 (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
| Item 5.02 | Departure of Certain Officer |
(b) On January 31, 2008, Saeid Ghafouri resigned as Magma’s Corporate Vice President, Worldwide Field Operations. He will continue to work at Magma in a strategic advisory capacity.
| Item 5.03. | Change in Fiscal Year. |
On January 28, 2008 Magma’s Board of Directors approved a change of fiscal year from a fiscal year ending on the first Sunday subsequent to March 31 to a fiscal year ending on the first Sunday subsequent to April 30 (except for any given year in which April 30 is a Sunday, in which case the fiscal year will end on April 30), starting from Magma’s fiscal year 2009. As a result of this change, there will be a transition period from April 7, 2008 through May 4, 2008, and Magma’s next fiscal year (its fiscal year 2009) will commence on May 5, 2008 and will end on May 3, 2009. Information on the transition period will be included in Magma’s quarterly report on Form 10-Q for the first quarterly period of its fiscal year 2009, and financial statements required by Part I of Form 10-Q will be furnished separately for the transition period, which financial statements will be unaudited. Magma will file separate audited statements of income and cash flows covering the transition period with its annual report for its fiscal year 2009.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
The following exhibit is furnished herewith:
Exhibit No. | Description | |
| 99.1 | Press Release issued January 31, 2008. | |
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: January 31, 2008 | 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 January 31, 2008. | |