QLogic (QLGC) 8-K QLogic Announces Approval of a Stock Repurchase Program for an Additional $200 Million

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): August 26, 2010

QLOGIC CORPORATION

(Exact name of registrant as specified in its charter)

Delaware
(State of incorporation) 0-23298
(Commission File Number) 33-0537669
(IRS Employer Identification No.)

26650 Aliso Viejo Parkway, Aliso Viejo, California
(Address of principal executive offices) 92656
(Zip Code)

Registrant’s telephone number, including area code: (949) 389-6000

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):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

EX-99.1

Item 5.07. Submission of Matters to a Vote of Security Holders.

     QLogic Corporation (“QLogic”) held its annual meeting of stockholders (the “Annual Meeting”) on August 26, 2010 in Aliso Viejo, California. At the Annual Meeting, QLogic’s stockholders approved two proposals.

          Proposal 1

          QLogic’s stockholders elected six individuals to the Board of Directors, to serve on QLogic’s Board of Directors until the next annual meeting of stockholders and/or until their successors are duly elected and qualified. Each nominee received affirmative votes from more than a majority of the votes cast. The vote for each director was as follows:

DIRECTOR	VOTES FOR		VOTES AGAINST		ABSTENTIONS		BROKER NON-VOTES
H.K. Desai		87,348,557		2,698,519		106,142		12,273,456
Joel S. Birnbaum		88,582,288		1,489,635		81,295		12,273,456
James R. Fiebiger		87,966,291		2,106,973		79,954		12,273,456
Balakrishnan S. Iyer		80,549,807		9,520,907		82,504		12,273,456
Kathryn B. Lewis		84,215,088		5,863,088		75,042		12,273,456
George D. Wells		83,331,996		6,736,646		84,576		12,273,456

          Proposal 2

          QLogic’s stockholders ratified the appointment of KPMG LLP as QLogic’s independent auditors for the fiscal year ending April 3, 2011 as set forth below:

	VOTES				BROKER
VOTES FOR	AGAINST		ABSTENTIONS		NON-VOTES
95,145,959		7,033,842		246,873		0

Item 8.01. Other Events.

     On August 30, 2010, QLogic announced that its board of directors authorized a program to repurchase up to an additional $200 million of QLogic’s outstanding common stock over a period of up to two years. A copy of the press release issued by QLogic regarding this announcement is attached hereto as Exhibit 99.1 and is incorporated by reference.

Item 9.01. Financial Statements and Exhibits.

     (d) Exhibits.

Exhibit No.		Description
	99.1	Press Release, dated August 30, 2010, announcing approval of stock repurchase program for an additional $200 million.

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.

	QLOGIC CORPORATION
	/s/ Simon Biddiscombe
August 30, 2010	Simon Biddiscombe Senior Vice President and Chief Financial Officer

EXHIBIT INDEX

Exhibit No.		Description
	99.1	Press Release, dated August 30, 2010, announcing approval of stock repurchase program for an additional $200 million.