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): January
7, 2016
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CIRRUS
LOGIC, INC.
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(Exact
name of Registrant as specified in its charter)
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Delaware
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0-17795
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77-0024818
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(State or Other Jurisdiction of
Incorporation or Organization)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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800 W. 6th Street, Austin, TX
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78701
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(Address
of Principal Executive Offices)
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(Zip
Code)
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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 2.02 Results of Operations and Financial Condition.
On January 7, 2016, the Company issued a press release announcing its
preliminary third quarter revenue results. The full text of the press
release is attached as Exhibit No. 99.1 to this Current Report on Form
8-K. The press release contains forward-looking statements regarding the
Company and cautionary statements identifying important factors that
could cause actual results to differ materially from those anticipated.
The information contained in this Current Report on Form 8-K and the
exhibits attached hereto shall not be deemed “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 they be deemed incorporated by reference in any
filing under the Securities Act of 1933, as amended, or the Exchange
Act, except as expressly set forth by specific reference in such a
filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Description
Exhibit
99.1 Cirrus Logic, Inc. press release dated January 7, 2016
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.
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CIRRUS LOGIC, INC.
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Date:
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January 7, 2016
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By:
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/s/ Thurman K. Case
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Name: Thurman K. Case
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Title: Chief Financial Officer
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EXHIBIT INDEX
Exhibit No.
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Description
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99.1
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Registrant’s press release dated January 7, 2016
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Exhibit 99.1
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Exhibit 99.1
Cirrus
Logic Announces Q3 Preliminary Revenue Results
Continues
to Expect Strong Year-Over-Year Growth in FY16 and FY17
AUSTIN, Texas--(BUSINESS WIRE)--January 7, 2016--Cirrus Logic, Inc.
(Nasdaq: CRUS) today announced preliminary net revenue of
approximately $347 million, based on unaudited financial results for the
third quarter, which ended Dec. 26, 2015.
“Our preliminary revenue results reflect weaker than anticipated demand
for certain portable audio products. This weakness escalated over the
last few weeks of December and is expected to continue to significantly
impact our revenue in the March quarter,” said Jason Rhode, president
and chief executive officer. “Despite this lower outlook for the short
term, we expect our full FY16 results to reflect meaningful
year-over-year revenue growth and further foresee strong growth for FY17
based on several anticipated new product introductions. The company is
well positioned to benefit from the rapidly growing demand for
innovative audio and voice products in the mobile phone, smart accessory
and digital headset markets. We are aligned with the very best customers
and have a comprehensive and robust product portfolio that spans the
complete audio signal chain. With numerous growth vectors, we believe
the company is poised for continued success in the coming years.”
The company will post its third quarter fiscal year 2016 financial
results and business outlook on the investor relations area of its
website at http://investor.cirrus.com on Wednesday, Jan. 27, at
approximately 4 p.m. EST. Cirrus Logic will host a live Q&A webcast
session at 5 p.m. EST that same day to answer questions related to its
financial results and business outlook. Shareholders who would like to
submit a question to be addressed during the call are requested to email investor.relations@cirrus.com.
A replay of the Q&A session will be available on the website listed
above beginning approximately two hours following the completion of the
call or by dialing (404) 537-3406 or toll free at (855) 859-2056 (Access
Code: 8524794).
Cirrus Logic, Inc.
Cirrus Logic develops high-precision, analog and mixed-signal integrated
circuits for a broad range of innovative customers. Building on its
diverse analog and signal-processing patent portfolio, Cirrus Logic
delivers highly optimized products for a variety of audio and
energy-related applications. The company operates from headquarters in
Austin, Texas, with offices in the United States, United Kingdom,
Australia, Japan and Asia. More information about Cirrus Logic is
available at www.cirrus.com.
Cirrus Logic and Cirrus are trademarks of Cirrus Logic, Inc.
Safe Harbor Statement
Except for historical information contained herein, the matters set
forth in this news release contain our preliminary results for the third
quarter, and other forward-looking statements, including expectations
for growth in fiscal year 2016, fiscal year 2017 and beyond. In some
cases, forward-looking statements are identified by words such as
“expect,” “anticipate,” “target,” “project,” “believe,” “goals,”
“opportunity,” “estimates,” “intend,” and variations of these types of
words and similar expressions. In addition, any statements that
refer to our plans, expectations, strategies or other characterizations
of future events or circumstances are forward-looking statements. These
forward-looking statements are based on our current expectations,
estimates and assumptions and are subject to certain risks and
uncertainties that could cause actual results to differ materially.
These risks and uncertainties include, but are not limited to, the
completion of the review process for our final third quarter financial
results, along with the timing and success of future product ramps, and
the risk factors listed in our Form 10-K for the year ended March 28,
2015, and in our other filings with the Securities and Exchange
Commission, which are available at www.sec.gov. The foregoing
information concerning our business outlook represents our outlook as of
the date of this news release, and we undertake no obligation to update
or revise any forward-looking statements, whether as a result of new
developments or otherwise.
CONTACT:
Cirrus Logic, Inc.
Thurman K. Case, 512-851-4125
Chief
Financial Officer
Investor.Relations@cirrus.com
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