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): November
4, 2010
CIRRUS LOGIC, INC. |
||
(Exact name of Registrant as specified in its charter) |
Delaware |
0-17795 |
77-0024818 |
||
(State or Other Jurisdiction of Incorporation or Organization) |
(Commission File Number) |
(IRS Employer Identification No.) |
2901 Via Fortuna, Austin, TX |
78746 |
|
(Address of Principal Executive Offices) | (Zip Code) |
Registrant’s
telephone number, including area code: (512)
851-4000
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 8.01 |
Other Events |
On November 4, 2010, Cirrus Logic, Inc. (the “Company”) announced that it had completed the repurchase of approximately 1.5 million shares of the Company’s stock, at an average price of $12.96, pursuant to the $20 million share repurchase program authorized by the Board of Directors in January 2009. In addition, the Company announced that the Cirrus Logic Board of Directors has authorized a share repurchase program of up to an additional $80 million. The repurchases will be funded from existing cash and will be effected from time to time in accordance with applicable securities laws through the open market or in privately negotiated transactions. The timing of the repurchases and the actual amount purchased will depend on a variety of factors including the market price of the Company’s shares, general market and economic conditions, and other corporate considerations. The program does not have an expiration date, does not obligate the Company to repurchase any particular amount of common stock, and may be modified or suspended at any time at the Company's discretion.
A copy of the press release announcing the share repurchase program is attached to this Form 8-K as Exhibit 99.1, and is incorporated herein by reference.
Item 9.01 |
Financial Statements and Exhibits |
(d) |
Exhibits |
|
Exhibit |
Description |
|
Exhibit 99.1 | Cirrus Logic, Inc. press release dated November 4, 2010 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
CIRRUS LOGIC, INC. | ||
Date: November 4, 2010 | By: |
/s/ Thurman K. Case |
Name: | Thurman K. Case | |
Title: | Chief Financial Officer |