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
April 23, 2008
Date of Report
(Date of earliest event reported)
HARMONIC INC.
(Exact name of Registrant as specified in its charter)
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| Delaware
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000-25826
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77-0201147 |
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| (State or other jurisdiction of
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Commission File Number
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(I.R.S. Employer |
| incorporation or organization)
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Identification Number) |
549 Baltic Way
Sunnyvale, CA 94089
(408) 542-2500
(Address, including zip code, and telephone number, including area code,
of Registrant’s principal executive offices)
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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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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
April 23, 2008, Harmonic Inc. (“Harmonic” or the
“Company”) issued a press release regarding its preliminary
and unaudited financial results for the quarter ended March 28, 2008. In the press release, Harmonic
also announced that it would be holding a conference call on Wednesday, April 23, 2008, to discuss
its financial results for the quarter ended March 28, 2008. A copy of the press release is
furnished as Exhibit 99.1 hereto, and the information in Exhibit 99.1 is incorporated herein by
reference.
The information in this Current Report on Form 8-K and the exhibit attached hereto is being
furnished and shall not be deemed “filed” for the 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, and this Current Report on Form 8-K and the exhibit furnished herewith shall not be
incorporated by reference into any filing by Harmonic under the Securities Act of 1933, as amended,
or under the Exchange Act.
Use of Non-GAAP Financial Measures
In establishing operating budgets, managing
its business performance, and setting internal
measurement targets, the Company excludes a number of items required by GAAP. Management believes
that these accounting charges and credits, which are non-cash or non-recurring in nature,
are not useful in managing its operations and business. Historically, the Company has also publicly
presented these supplemental non-GAAP measures in order to assist the investment community to see
the Company “through the eyes of management,” and thereby enhance understanding of its operating
performance. The non-GAAP measures presented in the press release
furnished herewith are gross margins, operating expense, net income
and net income per share. The presentation of non-GAAP information is not intended to be considered
in isolation or as a substitute for results prepared in accordance with GAAP and is not necessarily
comparable to non-GAAP results published by other companies. A
reconciliation of the non-GAAP financial measures discussed in the
press release to the most directly comparable GAAP financial measures is included with the financial
statements contained in the press
release furnished as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
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Description |
99.1
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Press Release of Harmonic Inc., issued on April 23, 2008. |