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
August 18, 2008
Date of Report (Date of earliest event reported)
CYPRESS SEMICONDUCTOR CORPORATION
(Exact name of registrant as specified in its charter)
Delaware | 1 10079 | 94-2885898 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) | (I.R.S. Employer Identification No.) |
198 Champion Court
San Jose, California 95134-1599
(Address of principal executive offices)
(408) 943-2600
(Registrants telephone number, including area code)
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):
¨ | 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 8.01 | Other Events. |
The Company previously disclosed that on August 1, 2008, the Companys board of directors authorized the sale of up to 3,000,000 shares of SunPower Class B common stock held by the Company. Such shares are to be converted to Class A common stock upon such a sale. On August 18, 2008, the Company sold 2,500,000 shares of SunPower Corporations Class A common stock in a private offering to a private investor pursuant to Rule 144 of the Securities Act. The sale is expected to close on August 21, 2008. Following the sale, Cypress will own 42,033,287 shares of SunPower Corporations Class B common stock. The Company has no present intention to sell the remaining 500,000 shares authorized for sale by the Companys board of directors; however, management will continue to evaluate this decision. Accordingly, there can be no guarantee that the Companys decision not to sell additional shares will not change in the future.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CYPRESS SEMICONDUCTOR CORPORATION | ||||
Date: August 20, 2008 | By: | /s/ Brad W. Buss | ||
Brad W. Buss | ||||
Executive Vice President, Finance and Administration and Chief Financial Officer |
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