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
February 16, 2015
(Date of earliest event reported)
Qorvo, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 001-36801 | 46-5288992 | ||
(State or Other Jurisdiction | (Commission File | (I.R.S. Employer | ||
of Incorporation) | Number) | Identification No.) | ||
7628 Thorndike Road, Greensboro, North Carolina 27409-9421
and
2300 N.E. Brookwood Parkway, Hillsboro, Oregon 97124
(Address of principal executive offices)
(Zip Code)
(336) 664-1233 and (503) 615-9000
(Registrant’s 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:
[ ] 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.
On February 16, 2015, Qorvo, Inc. (the “Company”) announced that William A. Priddy, Jr., the Company’s Executive Vice President of Administration, plans to retire at the end of the current fiscal year (end of March 2015).
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Description | |
99.1 | Press release, dated February 16, 2015 | |
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.
Qorvo, Inc. | ||
By: | Steven J. Buhaly | |
Steven J. Buhaly | ||
Chief Financial Officer and Secretary | ||
Date: February 17, 2015 | ||
EXHIBIT INDEX
Exhibit No. | Description | |
99.1 | Press release, dated February 16, 2015 | |
At Qorvo™
Doug DeLieto
VP, Investor Relations
336-678-7088
FOR IMMEDIATE RELEASE
February 16, 2015
Qorvo Announces Planned Retirement of Dean Priddy
Greensboro, NC, and Hillsboro, OR, February 16, 2015 -- Qorvo, Inc. (NASDAQ: QRVO), a leading provider of RF solutions for mobile, infrastructure and aerospace/defense applications, today announced that Dean Priddy, the Company’s Executive Vice President of Administration, plans to retire at the end of the current fiscal year.
Mr. Priddy’s accomplished career in technology began at Analog Devices and includes 23 years at RF Micro Devices and Qorvo. Prior to his role as EVP of Administration of Qorvo, Mr. Priddy was CFO of RF Micro Devices, a position he had held since 1997.
Bob Bruggeworth, president and CEO of Qorvo, said, “Dean’s contributions over the past 23 years have played a vital role in guiding RFMD to its many successes and, ultimately, in the creation of Qorvo. Most recently, Dean and his team assembled the foundation for Qorvo to capture at least $150 million in cost synergies, and we believe the projects are in place for Qorvo to exceed our goals. Dean’s many contributions have extended into nearly every aspect of our organization, and we wish him and his family the absolute best in his retirement.”
Mr. Priddy said, “I’ve been very fortunate to have worked with so many outstanding individuals at ADI, RFMD, and Qorvo. At Qorvo, we have assembled an exceptional team empowered to execute to our value capture plan, and I’m confident in our team’s ability to exceed our stated synergy goals. The foundation is set, the funnel is filled, and Qorvo is positioned exceptionally well for continued success.”
About Qorvo
Qorvo (Nasdaq:QRVO) is a leading provider of core technologies and RF solutions for mobile, infrastructure and aerospace/defense applications. Qorvo was formed following the merger of RFMD and TriQuint, and has more than 6,000 global employees dedicated to delivering solutions for everything that connects the world. Qorvo has the industry's broadest portfolio of products and core technologies; world-class ISO9001-, ISO 14001- and ISO/TS 16949-certified manufacturing facilities; and is a DoD-accredited ‘Trusted Source’ (Category 1A) for GaAs, GaN and BAW products and services. For the industry’s leading core RF solutions, visit www.qorvo.com.
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions, and are not historical facts and typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management's current judgment and expectations, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under the federal securities laws. Qorvo’s business is subject to numerous risks and uncertainties, including variability in operating results, the inability of certain of our customers or suppliers to access their traditional sources of credit, our industry's rapidly changing technology, our dependence on a few large customers for a substantial portion of our revenue, our ability to implement innovative technologies, our ability to bring new products to market and achieve design wins, the efficient and successful operation of our wafer fabrication facilities, assembly facilities and test and tape and reel facilities, our ability to adjust production capacity in a timely fashion in response to changes in demand for our products, variability in manufacturing yields, industry overcapacity and current macroeconomic conditions, inaccurate product forecasts and corresponding inventory and manufacturing costs, dependence on third parties and our ability to manage channel partners and customer relationships, lawsuits and claims relating to our products, security breaches and other similar disruptions compromising our information and exposing us to liability, and our ability to integrate the businesses of RFMD and TriQuint. These and other risks and uncertainties, which are described in more detail in Qorvo’s filings with the Securities and Exchange Commission, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.
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