GigaMedia 6-K 2005
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15D-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of December, 2005
Commission File Number: 000-30540
122 TunHua North Road, 14th Floor
Taipei, Taiwan (R.O.C.)
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F [ x ] Form 40-F [ ]
(Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)
Yes [ ] No [ x ]
(If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b) :82- .)
GIGAMEDIA LIMITED is filing under cover of Form 6-K:
Results of the Companys General Meeting of Shareholders (attached hereto as Exhibit 99.1)
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, thereunto duly authorized.
GigaMedia Limited (GigaMedia or the Company) announced today the results of a general meeting of shareholders held on November 30, 2005. With respect to a resolution to appoint GHP Horwath, P.C., a member firm of Horwath International (Horwath), as the Companys new independent auditor, voting results were as follows:
Horwath is the worlds eighth largest international association of full service accounting firms, according to industry source Accounting Today. Headquartered in New York, Horwath has more than 400 offices located in 90 countries.
Management expects PricewaterhouseCoopers (PwC) to resign following the appointment of Horwath. Management further expects the change to Horwath will lower GigaMedias annual audit fees. The Company intends to continue to engage PwC for advisory services, including work related to Sarbanes-Oxley reporting requirements and mergers and acquisitions.
PwC acted as the Companys independent auditor for fiscal years 2002 through 2004. Throughout the period, PwC issued unqualified opinions in connection with GigaMedias financial statements and there were no disagreements between the Company and PwC on any matter of accounting principles, financial disclosure or audit procedures.