ON Semiconductor 8-K 2006
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): December 8, 2006
ON Semiconductor Corporation
(Exact name of registrant as specified in its charter)
ON Semiconductor Corporation
5005 E. McDowell Road
Phoenix, Arizona 85008
(Address of principal executive offices) (Zip Code)
(Registrants telephone number, including area code: (602) 244-6600
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
Item 8.01 Other Events
In May 2006, the Company announced a change in its organizational structure and as such has revised its segment reporting under SFAS No. 131 to reflect its new reporting segments. These new segments consist of: automotive and power regulation, computing, digital and consumer, standard products and manufacturing services, and the Company began reporting on this basis in its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2006. Each of the Companys major product lines has been examined and each product line has been assigned to a segment, as illustrated in the table below, based on the Companys operating strategy. Because many products are sold into different end markets, the total revenue reported for a segment is not indicative of actual sales in the end market associated with that segment, but rather is the sum of the revenue from the product lines assigned to that segment. The Companys manufacturing services, in which the Company manufactures parts for other semiconductor companies, principally in the newly acquired Gresham, Oregon facility, are reported in the manufacturing services segment. These segments represent the Companys view of the business and as such are used to evaluate progress of major incentives.
The Company is filing this Current Report on Form 8-K in order to retrospectively adjust, as required, the information contained in its Annual Report on Form 10-K for the year ended December 31, 2005 (the 2005 10-K) to conform to the new presentation of its reportable segments presented in its 2006 Form 10-Qs beginning with the third quarter of 2006. This retrospective adjustment is found in Exhibits 99.1, 99.2, 99.3 and 99.4 to this Current Report and only affects the following items that were contained in our 2005 10-K:
-Item 1. Business
-Item 7. Managements Discussion and Analysis of Financial Condition and Results of Operations
-Item 8. Financial Statements and Supplementary Data
-Item 15. Exhibits and Financial Statement Schedules
The financial information contained in this Current Report is presented as of December 31, 2005, and except as indicated above, no information contained in the 2005 10-K has been updated to reflect financial results subsequent to that date or any other changes since the date of the 2005 10-K.
Item 9.01 Financial Statements and Exhibits.
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.