PMC - Sierra 8-K 2010
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
January 26, 2010
(Exact name of registrant as specified in its charter)
3975 Freedom Circle
Santa Clara, CA 95054
(Address of principal executive offices, including zip code)
(Registrants telephone number, including area code)
(Former name or former address, if changed since last report)
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):
Item 8.01. Other Events.
On January 26, 2010, the United States District Court for the Northern District of California (the Court) issued an order (the Preliminary Order) granting preliminary approval of a settlement of the consolidated shareholder derivative action captioned In re PMC-Sierra, Inc. Derivative Litigation, Master File No. C-06-05330-RS, and the state action captioned Meissner v. Bailey, et al., Santa Clara Superior Court Case No. 1-06-CV-071329 (together, the Litigation). The settlement, which is documented in a Stipulation of Settlement entered into among the parties to the Litigation on November 5, 2009 (the Stipulation), is subject to final approval by the Court which has scheduled a hearing on April 29, 2010 at 1:30 pm PST. PMC-Sierra, Inc. initially disclosed the settlement in its Quarterly Report on Form 10-Q for the period ended September 27, 2009, which was filed with the Securities and Exchange Commission (SEC) on November 6, 2009. Notice to stockholders is now being effected as set out in the Preliminary Order. A copy of the Preliminary Order is attached as Exhibit 99.1 and is incorporated herein by reference.
The information in this Current Report on Form 8-K is provided in accordance with the Preliminary Order, which requires that PMC-Sierra, Inc. file with the SEC a copy of the Stipulation. The Stipulation is attached hereto as Exhibit 99.2 and is incorporated herein by reference.
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 hereunto duly authorized.