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
January 25, 2008
Date of Report (Date of earliest event reported)
Commission File No. 0-14225
EXAR CORPORATION
(Exact name of registrant as specified in its charter)
| Delaware | 94-1741481 | |
(State or other jurisdiction of incorporation) | (IRS Employer Identification No.) |
48720 Kato Road, Fremont, CA 94538
(Address of principal executive offices, Zip Code)
(510) 668-7000
Registrant’s telephone number, including area code
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 5.02. | DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS |
On January 25, 2008, Gene Schaffer, Vice President of Worldwide Sales of Exar Corporation (“Exar”), for personal reasons resigned as Vice President of Worldwide Sales of the Company, effective immediately.
On January 25, 2008, Mr. Bentley Long, was appointed as Vice President of Worldwide Sales of Exar.
Mr. Long has over 20 years of semiconductor sales and marketing experience including the last 11 at Exar where he was most recently Vice President of the Americas and Global Distribution. He has previously worked at VLSI Technology as an Area Sales Manager and Worldwide Strategic Account Manager, as well as held various technical positions at Texas Instruments. He holds a Bachelor of Engineering Degree in Electrical Engineering and Mathematics from Vanderbilt University and an MBA from the University of Tennessee.
Exar issued a press release on January 30, 2008 announcing the resignation of Mr. Schaffer and the appointment of Mr. Long described above. The press release is attached to this Report as Exhibit 99.1 and is incorporated herein by reference.
| ITEM 9.01. | FINANCIAL STATEMENTS AND EXHIBITS |
(d) Exhibits
| 99.1 | Press Release issued January 30, 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.
Date: January 30, 2008
| EXAR CORPORATION | ||||||
| By: | /s/ J. Scott Kamsler | |||||
| Name: | J. Scott Kamsler | |||||
| Title: | Senior Vice President and Chief Financial Officer | |||||
EXHIBIT INDEX
Exhibit No. | Description of Exhibit | |
| 99.1 | Press Release issued January 30, 2008 |