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): July 29, 2016
CYPRESS SEMICONDUCTOR CORPORATION
(Exact name of registrant as specified in its charter)
Delaware |
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1–10079 |
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94-2885898 |
(State or other jurisdiction of incorporation) |
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(Commission File Number) |
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(I.R.S. Employer Identification No.) |
198 Champion Court
San Jose, California 95134
(Address of principal executive offices and zip code)
(408) 943-2600
(Registrant's telephone number, including area code)
(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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
On July 29, 2016, Deca Technologies Inc. (“Deca”), a subsidiary of Cypress Semiconductor Technology Ltd. (“Cypress”, which is a wholly owned subsidiary of Cypress Semiconductor Corporation), entered into a Class I Preferred Share Purchase Agreement (the “Purchase Agreement”) whereby certain third-party investors purchased preferred stock for an aggregate consideration of $111.4 million providing them 41.1% ownership in Deca based on its shares outstanding on July 29, 2016. In connection with the closing of the transaction (the “Closing”), Deca repurchased a portion of Class G preferred shares from Cypress for a consideration of $20.6 million. Following Closing, Cypress’s ownership in Deca was reduced to 52.5% based on its shares outstanding on July 29, 2016.
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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.
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CYPRESS SEMICONDUCTOR CORPORATION |
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Date: August 4, 2016 |
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By: |
/s/ Thad Trent |
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Thad Trent |
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Executive Vice President, Finance & Administration and Chief Financial Officer |
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