Allegro Microsystems, Inc 8-K, filed Mar 9, 2021
Allegro Microsystems, Inc. (ALGM)
8-K
2021-03-09
For: 2021-03-03
View Original
Added on
April 12, 2026
About this 8-K
Allegro Microsystems, Inc filed this 8-K on March 9, 2021, reporting on events of March 3, 2021.
Items reported
- Item 2.06: Material impairment
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
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Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Commission File Number: 001-39675
Date of Report (Date of earliest event reported): March 3, 2021
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Item 2.06. Material Impairments
On March 3, 2021, Allegro MicroSystems, Inc. (the “Company”) entered into a definitive agreement to sell its manufacturing facility in Thailand (“AMTC”) for approximately $30.0 million before fees and expenses. As a result of the execution of the definitive agreement, the Company will reclassify the AMTC assets within its “Property, plant and equipment, net” to “Assets held for sale” and will incur an impairment charge to the book value of those assets in the range of $7.0 million to $9.0 million in its fiscal quarter ending March 26, 2021. Included in this impairment charge is $3.0 million to $3.5 million in one-time fees and expenses to be paid from transaction proceeds at the closing of the sale of AMTC.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit No. | Description | |||||||
| Exhibit 104 | Inline XBRL for the cover page of this Current Report on Form 8-K. | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned thereunto duly authorized.
ALLEGRO MICROSYSTEMS, INC. | |||||||||||||||||||||||||||||||||||||||||||||||
| Date: | March 9, 2021 | By: | /s/ Paul V. Walsh, Jr. | ||||||||||||||||||||||||||||||||||||||||||||
Paul V. Walsh, Jr. | |||||||||||||||||||||||||||||||||||||||||||||||
Senior Vice President, Chief Financial Officer and Treasurer | |||||||||||||||||||||||||||||||||||||||||||||||