- Current report filing (8-K)
July 30 2012 - 2:34PM
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)
July
30, 2012
PMC-SIERRA,
INC.
(Exact
name of Registrant as specified in its charter)
Delaware
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0-19084
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94-2925073
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(State
or other jurisdiction of
incorporation)
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(Commission
File
Number)
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(IRS
Employer Identification
Number)
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1380 Bordeaux Drive
Sunnyvale, CA 94089
(Address
of Principal Executive Offices)(Zip
Code)
(408)
239-8000
(Registrant’s
telephone number, including area code)
Not Applicable
(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:
⃞
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 2.02.
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Results of Operations and Financial Condition
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On July 30, 2012, PMC-Sierra, Inc. (“the Registrant”) issued a press
release reporting the financial results for its fiscal second quarter
ended July 1, 2012. The press release is attached hereto as Exhibit
99.1 and incorporated by reference herein.
The information in this Form 8-K and the Exhibit, attached hereto, shall
not be deemed to be “filed” for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise
subject to the liabilities of that section, nor shall it be deemed
incorporated by reference in any filing under the Securities Act of
1933, as amended, or the Exchange Act, regardless of any general
incorporation language in such filing.
As a supplement to the Registrant's condensed consolidated financial
statements presented on a generally accepted accounting principles
(“GAAP”) basis, the Registrant provides additional non-GAAP measures for
cost of revenues, gross profit, gross profit percentage, research and
development expense, selling, general and administrative expense,
amortization of purchased intangible assets, other income (expense),
(provision for) recovery of income taxes, operating expenses, operating
income (loss), operating margin percentage, net income (loss), and basic
and diluted net income (loss) per share in its press release, along with
reconciliations to each of the most comparable GAAP measures.
A non-GAAP financial measure is a numerical measure of a company's
performance, financial position, or cash flows that either excludes or
includes amounts that are not normally excluded or included in the most
directly comparable measure calculated and presented in accordance with
GAAP. The Registrant believes that the additional non-GAAP measures are
useful to investors for the performance of financial analysis.
Management uses these measures internally to evaluate its in-period
operating performance and the measures are used for planning and
forecasting of the Registrant's future periods. However, non-GAAP
measures are not in accordance with, nor are they a substitute for, GAAP
measures. Other companies may use different non-GAAP measures and
presentation of results.
ITEM 9.01.
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Financial Statements and Exhibits
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(d)
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Exhibits.
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99.1
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Press release dated July 30, 2012, reporting financial results of
the Registrant for its fiscal second quarter ended July 1, 2012.
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SIGNATURE
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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PMC-SIERRA, INC.
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(Registrant)
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Date:
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July 30, 2012
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By:
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/s/
Michael W. Zellner
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Vice
President
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Chief Financial Officer and
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Principal Accounting Officer
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EXHIBIT INDEX
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Exhibit
Number
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Description
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99.1
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Press release dated July 30, 2012, reporting financial results of
the Registrant for its fiscal second quarter ended July 1, 2012.
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