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
CREE, INC.
(Exact name of registrant as specified in its charter)
North Carolina | 0-21154 | 56-1572719 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) |
4600 Silicon Drive | |
Durham, North Carolina | 27703 |
(Address of principal executive offices) | (Zip Code) |
(919) 313-5300
Registrant’s telephone number, including area code
N/A
(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 7.01 | Regulation FD Disclosure |
On December 13, 2006, Cree, Inc. (the “Company”) sold 356,275 shares of Color Kinetics Incorporated common stock pursuant to the exercise in full of the over-allotment option granted to the underwriters in connection with Color Kinetics’ recent common stock offering. The Company received proceeds of approximately $6.4 million from the sale of these shares. Previously, on November 15, 2006, the Company sold 575,000 shares in the offering from which it received proceeds of approximately $10.3 million. These sales are expected to add, respectively, approximately $0.06 and $0.09 per diluted share, or a total of $0.15 per diluted share, to the Company’s earnings per share for the second quarter of fiscal 2007 ending December 24, 2006. In connection with the offering, the Company entered into an agreement in which the Company agreed not to dispose of any additional shares of Color Kinetics’ common stock during a period ending February 8, 2007, without the prior written consent of the underwriters, subject to extension in specified circumstances and to certain exceptions.
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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.
CREE, INC. | |||
By: | /s/ Adam H. Broome | ||
Adam H. Broome | |||
Vice President, Legal |
Date: December 14, 2006
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