UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
June 18, 2007
Date of Report (date of earliest event reported)
Sigma Designs, Inc.
(Exact name of Registrant as specified in its charter)
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| California | | 001-32207 | | 94-2848099 |
(State or other jurisdiction of incorporation or organization) | | (Commission File Number) | | (I.R.S. Employer Identification Number) |
1221 California Circle
Milpitas, California 95035
(Address of principal executive offices)
(408) 262-9003
(Registrant’s telephone number, including area code)
(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 (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)) |
In its Form 10-Q for the fiscal quarter ended May 5, 2007, Sigma Designs, Inc. (the “Company”) stated that it believed gross margins could temporarily move 2% to 4% below its current level, then return to the low 50’s in percentage points in the future. This statement is incorrect. Consistent with its previously announced guidance relating to gross margins, the Company expects gross margins to remain within 100 basis points (one percent) of its 50% target gross margins for the fiscal quarter ended August 3, 2007.
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.
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| Dated: June 18, 2007 | | SIGMA DESIGNS, INC. |
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| | By: | | /s/ Thomas E. Gay III |
| | | | Thomas E. Gay III Chief Financial Officer and Secretary (Principal Financial and Accounting Officer) |
