- Current report filing (8-K)
June 15 2009 - 8:00AM
Edgar (US Regulatory)
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):
June 15, 2009
VITESSE SEMICONDUCTOR CORPORATION
(Exact name of issuer as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
1-31614
|
|
77-0138960
|
(Commission File Number)
|
|
(IRS Employer Identification No.)
|
741 Calle
Plano
Camarillo,
California 93012
(Address of Principal
Executive Offices)
Registrants telephone
number, including area code
(805) 388-3700
N/A
(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 (see General Instruction A.2. below):
o
Written communications pursuant to Rule 425
under the Securities Act
o
Soliciting material pursuant to Rule 14a-12
under the Exchange Act
o
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act
o
Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act
ITEM 8.01 OTHER
EVENTS.
On June 15, 2009, Vitesse Semiconductor
Corporation (the Company) issued a press release announcing that it had
reached a settlement in connection with its lawsuit against its former auditing
firm, KPMG LLP. A copy of such press
release is attached hereto as Exhibit 99.1.
On June 13, 2007, the Company filed a
lawsuit in the Superior Court for the County of Los Angeles against KPMG LLP
alleging negligence in the audit of the Companys stock option grants and
financial statements during the time period between 1994 to 2000. The complaint was later amended to include
the years 2001 to 2004.
Under the terms of the settlement agreement,
KPMG has agreed to pay to the Company $22.5 million and forgive all past
indebtedness. In addition, both the
Company and KPMG have agreed to execute mutual general releases of all claims.
The information in this Current Report on Form 8-K,
including Exhibit 99.1 hereto, shall not be deemed filed for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended, or
otherwise subject to liability of that section.
The information in this Current Report shall not be incorporated by
reference into any filing or other document pursuant to the Securities Act of
1933, as amended, except as shall be expressly set forth by specific reference
in such filing or document.
ITEM 9.01 FINANCIAL
STATEMENTS AND EXHIBITS.
(d) Exhibits.
|
99.1
|
|
Press Release dated June 15, 2009.
|
2
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.
Dated: June 15, 2009
|
|
|
|
|
|
|
VITESSE SEMICONDUCTOR CORPORATION
|
|
|
|
|
|
|
By:
|
/s/ Michael B. Green
|
|
|
Michael B. Green
|
|
|
Vice President, General Counsel and Secretary
|
|
|
|
|
EXHIBIT INDEX
Exhibit No.
|
|
Description
|
99.1
|
|
Press Release dated June 15, 2009.
|
3