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)
October 26, 2015
PMC-SIERRA, INC.
(Exact name of Registrant as specified in its charter)
Delaware | 0-19084 | 94-2925073 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification
Number) |
1380 Bordeaux Drive
Sunnyvale, CA 94089
(Address of Principal Executive Offices) (Zip Code)
(408) 239-8000
(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 October 26, 2015, PMC-Sierra, Inc. (the “Company”) issued a press release reporting the financial results for its fiscal third quarter ended September 26, 2015. The press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.
As a supplement to the Company’s condensed consolidated financial statements presented on a generally accepted accounting principles (“GAAP”) basis, the Company provides additional non-GAAP measures for cost of revenues, gross profit, gross profit percentage, research and development expense, net, selling, general and administrative expense, amortization of purchased intangible assets, other income (expense), (provision for) benefit from income taxes, operating expenses, operating income (loss), net income (loss), and basic and diluted net income (loss) per share in its press release, along with reconciliations to each of the most comparable GAAP measures.
A non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. The Company believes that the additional non-GAAP measures are useful to investors for the performance of financial analysis. Management uses these measures internally to evaluate its in-period operating performance and the measures are used for planning and forecasting of the Company’s future periods. However, non-GAAP measures are not in accordance with, nor are they a substitute for, GAAP measures. Other companies may use different non-GAAP measures and presentation of results.
The information in Item 2.02, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing.
ITEM 9.01. | Financial Statements and Exhibits |
| |
| (d) | Exhibits. |
| |
| 99.1 | Press release dated October 26, 2015 reporting financial results of the Registrant for its fiscal third quarter ended September 26, 2015. |
SIGNATURE
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.
| | | | PMC-SIERRA, INC. |
| | | (Registrant) |
| | | |
| | | |
| Date: | October 26, 2015 | By: /s/ Steven J. Geiser |
| | | Vice President |
| | | Chief Financial Officer and |
| | | Principal Accounting Officer |
EXHIBIT INDEX
| |
Exhibit
Number | Description |
| 99.1 | Press release dated October 26, 2015, reporting financial results of the Registrant for its fiscal third quarter ended September 26, 2015. |
