QUICKLOGIC Corp 10-Q/A, filed Jun 5, 2020
QUICKLOGIC Corp (QUIK)
About this 10-Q/A
QUICKLOGIC Corp filed this 10-Q/A on June 5, 2020, covering the quarter ended March 29, 2020.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
Amendment No. 1
(Mark One)
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[x] |
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the Quarterly Period Ended March 29, 2020
OR
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TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the Transition Period From To
COMMISSION FILE NUMBER: 000-22671
QUICKLOGIC CORPORATION
(Exact name of registrant as specified in its charter)
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DELAWARE |
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77-0188504 |
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(State or other jurisdiction of incorporation or organization) |
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(I.R.S. Employer Identification No.) |
2220 Lundy Avenue, San Jose, CA 95131-1816
(Address of principal executive offices including zip code))
(408) 990-4000
(Registrant's telephone number, including area code)
Securities registered pursuant Section 12(b) of the act:
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Title of each class |
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Name of each exchange on which registered |
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Common Stock, par value $.001 per share |
QUIK |
The Nasdaq Capital Market |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [x] No [ ]
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes [x] No [ ]
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
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Large accelerated filer |
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Accelerated Filer |
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Non-accelerated filer |
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Smaller Reporting Company |
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Emerging growth company |
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act
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Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Securities Exchange Act).
Yes [ ] No [x]
As of May 15, 2020, there were 8,388,077 shares of registrant’s common stock, par value $0.001 per share, outstanding.
The sole purpose of this Amendment No. 1 on Form 10-Q/A (this “Amendment”) to the Quarterly Report on Form 10-Q of QuickLogic Corporation (the “Company”) for the quarter ended March 29, 2020, that was filed with the U.S. Securities and Exchange Commission (the “Commission”) on May 22, 2020 (the “Original Form 10-Q”) is to add this Explanatory Note which was inadvertently omitted from the Original Form 10-Q.
As previously disclosed in the Company’s Current Report on Form 8-K filed with the Commission on May 7, 2020, in accordance with an order issued by the Commission under Section 36 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) Granting Exemptions from Specified Provisions of the Exchange Act and Certain Rules Thereunder, dated March 4, 2020 (Release No. 34-88318), as modified and superseded by a new Commission order under Section 36 of the Exchange Act Modifying Exemptions from the Reporting and Proxy Delivery Requirements for Public Companies, dated March 25, 2020 (Release No. 34-88465) (collectively, the “Order”), the Company relied on the relief provided by the Order to briefly delay the filing of its Original Form 10-Q due to circumstances related to the current coronavirus (“COVID-19”) pandemic. Specifically, the Company disclosed that it had experienced delays in its routine quarterly financial statement close process due to circumstances related to COVID-19, including disruptions to the Company’s operations and business and the impact of the Company’s work-from-home policy implemented to protect its global workforce, thus resulting in more restricted access to facilities and books and records. The Company disclosed it expected to file the Form 10-Q on or about May 22, 2020, but no later than June 22, 2020, which is 45 days after the original filing deadline of the Form 10-Q. The Company filed the Original Form 10-Q on May 22, 2020.
In accordance with Rule 12b-15 under the Exchange Act, the Company is including in this Amendment certifications from its principal executive officer and principal financial officer as required by Rule 13a-14(a) or Rule 15d-14(a) of the Exchange Act as exhibits to this Amendment. Because no financial statements have been included in this Amendment and this Amendment does not contain or amend any disclosure with respect to Items 307 and 308 of Regulation S-K, paragraphs 3, 4 and 5 of the certifications have been omitted. The Company is not including the certifications under Section 906 of the Sarbanes-Oxley Act of 2002 as no financial statements are being filed with this Amendment.
Except as described above, this Amendment does not amend, modify or update the information in, or exhibits to, the Original Form 10-Q. This Amendment does not change any previously reported financial results nor does it reflect events occurring after the filing of the Original Form 10-Q. This Amendment should be read in conjunction with the Original Form 10-Q and with the Company’s other filings made with the Commission subsequent to the filing of the Original Form 10-Q.
a. Exhibits
The following Exhibits are filed or incorporated by reference into this report:
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Description |
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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.
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QUICKLOGIC CORPORATION |
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/s/ Suping (Sue) Cheung |
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Date: |
June 5, 2020 |
Suping (Sue) Cheung |
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Chief Financial Officer (as Principal Accounting and Financial Officer and on behalf of the Registrant) |
CERTIFICATIONS
I, Brian C. Faith, certify that:
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I have reviewed this Amendment No. 1 to the Quarterly Report on Form 10-Q of QuickLogic Corporation; and |
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Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report. |
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Date: |
June 5, 2020 |
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/s/ Brian C. Faith |
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Brain C. Faith |
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President and Chief Executive Officer |
CERTIFICATIONS
I, Suping (Sue) Cheung, certify that:
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I have reviewed this Amendment No. 1 to the Quarterly Report on Form 10-Q of QuickLogic Corporation; and |
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Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report. |
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Date: |
June 5, 2020 |
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/s/ Suping (Sue) Cheung |
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Suping (Sue) Cheung |
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Vice President, Finance and Chief Financial Officer |