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FORM 8-K
CURRENT REPORT
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report August 31, 1999
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CIRRUS LOGIC, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 0-17795 77-0024818
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
3100 West Warren Avenue, Fremont, CA 94538
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (510) 623-8300
________________________________________________________________
(Former name or former address, if changed since last report)
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CIRRUS LOGIC, INC.
INDEX
Page
Item 5. Other Events 3
Signatures 4
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Item 5. Other Events
In August 1999, in connection with the Cirent termination agreement, the Company
received $14 million related to the sale of its equity interest in the joint
venture, and paid $9.3 million related to the buy out of certain leases
associated with assets utilized in the joint venture manufacturing facility. In
addition, the Company entered into an amended wafer purchase agreement whereby
the Company paid Cirent a $5 million deposit and pledged $20 million of its
accounts receivable to collateralize future wafer purchase commitments.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Cirrus Logic, Inc.
September 3, 1999 /s/ Glenn C. Jones
Date ______________________________
Glenn C. Jones
Vice President, Chief Financial
Officer, Treasurer and Secretary
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