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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): April 18, 2007
CIRRUS LOGIC, INC.
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(Exact name of Registrant as specified in its charter)
Delaware 0-17795 77-0024818
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(State or Other Jurisdiction of (Commission (IRS Employer
Incorporation or Organization) File Number) Identification No.)
2901 Via Fortuna, Austin, TX 78746
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(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))
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Item 7.01 Regulation FD Disclosure
Cirrus Logic Inc. announced that today it has filed with the Securities and
Exchange Commission (SEC) an amended Annual Report on Form 10-K/A for the fiscal
year ended March 25, 2006, its amended Quarterly Report on Form 10-Q/A for the
quarter ended June 24, 2006, and its Quarterly Reports on Form 10-Q for the
quarters ended Sept. 23, 2006 and Dec. 30, 2006.
The Form 10-K/A filed today includes restated financial statements for fiscal
years 2002 through 2006, with adjustments for fiscal years 1997 through 2001
reflected in the opening balances in the restated fiscal year 2002 financial
statements. The total additional non-cash, stock-based compensation expenses
recorded for fiscal years 1997 through the first quarter of fiscal year 2007
were approximately $32 million. The company previously reported on March 2, 2007
that it estimated these charges would range between $22 million and $24 million.
Although no additional changes to option measurement dates were identified,
after further review of the accounting treatment of certain option grants, the
company determined that additional non-cash stock-based compensation expenses
should be recorded.
With today's filings, the company is now current in its SEC reporting
obligations and believes that it has satisfied all of the conditions of the
NASDAQ Listing Qualifications Panel for the continued listing of its common
stock on the NASDAQ Global Select Market.
A copy of the press release in Exhibit 99.1 is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 Cirrus Logic, Inc. press release dated April 18, 2007
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: April 18, 2007 By: /s/ Thurman K. Case
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Name: Thurman K. Case
Title: Chief Financial Officer
Exhibit Index
Exhibit Number Description
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99.1 Cirrus Logic, Inc. press release dated April 18, 2007