UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 17, 2021
SEMTECH CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction
of incorporation)
001-06395
| | 95-2119684
|
(Commission File Number) | | (IRS Employer Identification No.) |
200 Flynn Road
Camarillo, California | | 93012-8790
|
| (Address of principal executive offices) | | (Zip Code) |
805-498-2111
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))
Securities registered pursuant to Section 12(b) of the Exchange Act:
Title of each class
| | Trading Symbol(s)
| | Name of each exchange on which registered
|
Common Stock, par value $0.01 per share
| | SMTC
| | The Nasdaq Global Select Market
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02
| Results of Operations and Financial Condition. |
| | |
| | On March 17, 2021, the Registrant issued a press release announcing its financial results for the fourth quarter and fiscal year 2021, which ended January 31, 2021. A copy of the press release is attached hereto as Exhibit 99.1. |
| Regulation FD Disclosure. |
| | |
| | On March 17, 2021, the Registrant issued a press release containing forward looking statements, including with respect to its future performance and financial results. A copy of the press release is attached hereto as Exhibit 99.1. |
| Item 8.01 | Other Events. |
| | |
| | In the press release attached hereto as Exhibit 99.1, the Registrant also announced that the Registrant’s Board of Directors has authorized an additional $350 million of repurchases under the Registrant’s stock repurchase program, which together with the approximately $39 million remaining under the program since the last expansion in May 2018, brings the remaining total authorization to approximately $389 million, such authorization being subject to certain limitations, guidelines and conditions as directed by the Board of Directors of the Registrant. |
| Item 9.01 | Financial Statements and Exhibits. |
| |
| (d) Exhibits |
| |
| |
| |
| Exhibit 104 The Cover Page from this Current Report on Form 8-K formatted in Inline XBRL (included as Exhibit 101) |
| The information contained in Item 2.02, Item 7.01, Item 8.01 and Exhibit 99.1 of this Current Report on Form 8-K hereto is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in Item 2.02, Item 7.01, Item 8.01 and Exhibit 99.1 hereto shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference to Item 2.02, Item 7.01, Item 8.01 and Exhibit 99.1, as applicable in such filing. |
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.
| | | SEMTECH CORPORATION |
| | | | |
| Date: | March 17, 2021 | /s/ Emeka N. Chukwu |
| | | Name: | Emeka N. Chukwu |
| | | Title: | Chief Financial Officer |
