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) March 19, 2004
Intersil Corporation
(Exact name of registrant as specified in its charter)
| Delaware | 000-29617 | 59-3590018 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| 675 Trade Zone Boulevard, Milpitas, CA | 95035 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (408) 945-1323
Not Applicable
(Former name or former address, if changed since last report)
Item 5. Other Events.
The Company announced an extension of its manufacturing relationship with IBM. As a result, the Company expects to report a non-cash charge in the first quarter of 2004, estimated to be approximately $14 million after tax, associated primarily with impaired excess equipment.
Separately, Intersil concluded a routine audit exam with the Internal Revenue Service related to the 1999 and 2000 tax years. The result of this settlement will be a one-time gain of $15.9 million, which will also be recognized in the first quarter. The company currently expects that the net impact of these one-time items will result in a slight increase to GAAP earnings for the quarter.
| (c) | Exhibits | |
| 99.1 | Press Release dated March 18, 2004 announcing the Extension of the Manufacturing Relationship with IBM and Other First Quarter Items | |
SIGNATURE
Pursuant to the requirements of the Signature Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
INTERSIL CORPORATION | ||
By: | /s/ Thomas C. Tokos | |
Name: | Thomas C. Tokos | |
Title: | Vice President | |
Dated: March 19, 2004
Exhibit Index
| Exhibit Number | Description | |
| 99.1 | Press release issued by Intersil Corporation on March 18, 2004. |