Cirrus Logic, Inc 8-K, filed Jul 20, 2021
Cirrus Logic, Inc. (CRUS)
8-K
2021-07-20
For: 2021-07-20
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Added on
April 08, 2026
About this 8-K
Cirrus Logic, Inc filed this 8-K on July 20, 2021.
Items reported
- Item 2.01: Completed an acquisition or sale of assets
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): July 20, 2021
Commission File Number 0-17795
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Item 2.01 Completion of Acquisition or Disposition of Assets.
On July 20, 2021, Cirrus Logic, Inc., a Delaware corporation (“Cirrus Logic”), completed its previously announced acquisition of Lion Semiconductor Inc., a Delaware corporation (“Lion”).
Cirrus Logic acquired Lion pursuant to the Agreement and Plan of Merger entered into on July 8, 2021 (the “Merger Agreement”), by and among Cirrus Logic, Lion, Leo Merger Sub, Inc., and Fortis Advisors LLC, solely in its capacity as agent for Lion’s securityholders, for $335 million in cash, adjusted for cash, debt, net working capital, transaction expenses, and holdback amounts.
Lion is now a wholly-owned subsidiary of Cirrus Logic.
The foregoing description of the Merger Agreement is not complete and is qualified in its entirety by reference to the Merger Agreement, which was filed with the SEC on July 8, 2021 as Exhibit 10.1 to Cirrus Logic’s Current Report on Form 8‐K, and which is incorporated herein by reference into this Item 2.01.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| CIRRUS LOGIC, INC. | |||||||||||||||||
| Date: | July 20, 2021 | By: | /s/ Thurman K. Case | ||||||||||||||
| Name: | Thurman K. Case | ||||||||||||||||
| Title: | Chief Financial Officer | ||||||||||||||||
EXHIBIT INDEX
Exhibit No. Description
104 Cover Page Interactive Data File (formatted as Inline XBRL)
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Exhibit 10.1
Exhibit 104