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): April 23, 2003
POWER INTEGRATIONS, INC.
(Exact name of registrant as specified in its charter)
Delaware | | 0-23441 | | 94-3065014 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
5245 Hellyer Avenue San Jose, California | | 95138-1002 |
(Address of principal executive offices) | | (Zip Code) |
(408) 414-9200 |
(Registrant’s telephone number, including area code) |
Item 9. Regulation FD Disclosure.
In accordance with guidance from the Securities and Exchange Commission (the “SEC”) in Release numbers 33-8216 and 34-47583, the information furnished under this Item 9 (“Regulation FD Disclosure”) is intended to be furnished under Item 12 (“Results of Operations and Financial Condition”). The information in this Current Report on Form 8-K and the Exhibit attached hereto shall not be deemed to be filed for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information contained herein and in the accompanying exhibit shall not be incorporated by reference into any filing with the SEC made by Power Integrations, Inc. (“Power Integrations”) whether made before or after the date hereof, regardless of any general incorporation language in such filing.
On April 23, 2003, Power Integrations issued a press release (the “Press Release”) announcing the Company’s financial results for the quarter ended March 31, 2003 and forward-looking statements relating to fiscal 2003. A copy of the Press Release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein involve risks and uncertainties that could cause actual results to differ materially from those referred to in the forward-looking statements. Such risk include, but are not limited to, changes and shifts in customer demand away from products that integrate Power Integrations’ integrated circuits to products that do not; Power Integrations’ ability to maintain and establish strategic relationships; the effects of competition; the risks inherent in the development and delivery of complex technologies; Power Integrations’ ability to attract, retain and motivate qualified personnel; the emergence of new markets for Power Integrations’ products and services; Power Integrations’ ability to compete in those markets based on timeliness, cost and market demand; and Power Integrations’ limited financial resources. In addition, new product introductions are subject to the risks and uncertainties that typically accompany development and delivery of complex technologies to the market place, including product development delays and defects. Power Integrations more fully discusses these and other risk factors in its most recent reports on Form 10-K filed with the SEC on March 21, 2003. Power Integrations is under no obligation (and expressly disclaims any obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
The following exhibit is filed as part of this Current Report on Form 8-K:
Exhibit No.
| | Description
|
|
99.1 | | Power Integrations Press Release, issued April 23, 2003. |
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.
| | | | | POWER INTEGRATIONS, INC. |
|
Date: April 23, 2003 | | | | By: | | /s/ John M. Cobb
|
| | | | | | | | | John M. Cobb Chief Financial Officer |
EXHIBIT INDEX
Exhibit No.
| | Description
|
|
99.1 | | Power Integrations Press Release, issued April 23, 2003, (furnished and not filed herewith solely pursuant to Item 9 and Item 12). |
