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 2, 2016
Applied Micro Circuits Corporation
(Exact Name of Registrant as Specified in Charter)
|
| | | | |
| | | | | |
| DELAWARE | | 000-23193 | | 94-2586591 |
(State or Other Jurisdiction of Incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification No.) |
4555 Great America Parkway, Suite 601, Santa Clara, California 95054
(Address of Principal Executive Offices)
(408) 542-8600
(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 is intended to simultaneously satisfy the filing obligation 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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
In May 2016, the Board of Directors of Applied Micro Circuits Corporation (the “Company”) approved an amendment to the Company’s 2012 Employee Stock Purchase Plan (as previously amended, the “2012 Purchase Plan”) to increase the number of shares available for purchase thereunder from 3,800,000 to 6,800,000, and directed that the matter be submitted to the Company’s stockholders for their approval. On August 2, 2016, the Company held its 2016 Annual Meeting of Stockholders (the “Annual Meeting”). At the Annual Meeting, the Company’s stockholders approved the proposal to approve and adopt the foregoing amendment to the 2012 Purchase Plan. A copy of the 2012 Purchase Plan, as so amended at the Annual Meeting, is filed as Exhibit 10.31 to this Form 8-K.
Item 5.07. Submission of Matters to a Vote of Security Holders.
As noted above, on August 2, 2016, the Company held its Annual Meeting of Stockholders. Proxies for the Annual Meeting were solicited by the Company’s Board of Directors pursuant to Section 14(a) of the Securities Exchange Act of 1934, as amended, and there was no solicitation in opposition to the Board’s solicitation. Of the 85,358,886 outstanding shares of the Company’s common stock that could be voted at the Annual Meeting, 77,279,815 shares, or approximately 90.53%, were represented at the Annual Meeting in person or by proxy, which constituted a quorum. The final votes on the proposals presented at the Annual Meeting were as follows:
|
| | |
| | | |
| Proposal 1: | | Election of the following persons to the Company’s Board of Directors to hold office until the next annual meeting of stockholders: |
|
| | | | | | | | | |
| | | | | | | | |
| | For | | Against | | Abstain | | Broker Non-Votes |
| Cesar Cesaratto | 55,252,026 | | 778,066 | | 243,246 | | 21,006,477 |
| Paramesh Gopi, Ph.D. | 55,304,319 | | 720,823 | | 248,196 | | 21,006,477 |
| Paul R. Gray, Ph.D. | 55,285,969 | | 743,648 | | 243,721 | | 21,006,477 |
| Theodore A. ("Fred") Shlapak | 55,204,441 | | 824,726 | | 244,171 | | 21,006,477 |
| Robert F. Sproull, Ph.D. | 55,317,342 | | 713,050 | | 242,946 | | 21,006,477 |
| Duston M. Williams | 55,451,452 | | 578,740 | | 243,146 | | 21,006,477 |
| Christopher F. Zepf | 55,406,942 | | 623,459 | | 242,937 | | 21,006,477 |
|
| | |
| | | |
| Proposal 2: | | Approval of ratification of selection of KPMG LLP as independent registered public accounting firm for the fiscal year ending March 31, 2017: |
|
| | | | | | |
| | | | | | | |
| For | | Against | | Abstain | | Broker Non-Votes |
| 76,457,507 | | 413,356 | | 408,952 | | — |
|
| | |
| | | |
| Proposal 3: | | Approval of the amendment to the Applied Micro Circuits Corporation 2012 Employee Stock Purchase Plan: |
|
| | | | | | |
| | | | | | | |
| For | | Against | | Abstain | | Broker Non-Votes |
| 55,050,958 | | 1,196,849 | | 25,531 | | 21,006,477 |
|
| | |
| | | |
| Proposal 4: | | Advisory vote on executive compensation, as described in the Proxy Statement distributed in connection with the Annual Meeting: |
|
| | | | | | |
| | | | | | | |
| For | | Against | | Abstain | | Broker Non-Votes |
| 51,607,955 | | 4,465.445 | | 199,938 | | 21,006,477 |
The Company’s Board of Directors and Compensation Committee will consider the results of this advisory vote in making future decisions on named executive officer compensation.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits:
|
| | |
| | | |
| 10.31 | | Applied Micro Circuits Corporation 2012 Employee Stock Purchase Plan, as amended effective August 2, 2016. |
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.
|
| | | | | | |
| | | | | | | |
| | | | | APPLIED MICRO CIRCUITS CORPORATION |
| | | | |
| Date: August 3, 2016 | | | | By: | | /s/ L. William Caraccio |
| | | | | | | L. William Caraccio |
| | | | | | | Vice President, General Counsel and Secretary |
INDEX TO EXHIBITS
|
| | |
| | | |
| 10.31 | | Applied Micro Circuits Corporation 2012 Employee Stock Purchase Plan, as amended effective August 2, 2016. |
