8-K
QUICKLOGIC Corp (QUIK)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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) November 1, 2022
QuickLogic Corporation
(Exact name of registrant as specified in its charter)
| Delaware | 000-22671 | 77-0188504 |
|---|---|---|
| (State or other jurisdiction<br><br> <br>of incorporation) | (Commission<br><br> <br>File Number) | (IRS Employer<br><br> <br>Identification No.) |
| 2220 **** Lundy Avenue , San Jose, CA | 9 5131 -1 816 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code (408) 990-4000
N/A
(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):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| --- | --- |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock, par value $.001 per share | QUIK | The Nasdaq Capital Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
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. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On October 28 2022, Daniel A. Rabinovitsj advised the Board of Directors (the "Board") of QuickLogic Corporation (the "Company") of his decision to step down from his role as a member of the Board of Directors (the "Board"). Mr. Rabinovitsj served as a member of each of the Board's Nominating and Corporate Governance Committee and Compensation Committee. Mr. Rabinovitsj's decision to step down from his role as a member of the Board was not a result of a disagreement with management regarding the Company's operations, policies, practices or otherwise.
In its acceptance of Mr. Rabinovitsj's decision to step down from his role as a member of the Board, the Chairman of the Board expressed his gratitude and appreciation to Mr. Rabinovitsj for his eight years of contributions and service to the Company.
Item 7.01 Regulation FD Disclosure
On November 1, 2022 Company issued a press release announcing the change to its Board of Directors on Mr. Daniel A. Rabinovitsj's decision to step down as a director of the Company. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated into this Item 7.01 by reference.
The information in this Current Report on Form 8-K is intended to be furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit<br> Number | Description | |
|---|---|---|
| * | 99.1 | Press Release dated November 1, 2022. |
| 104 | Cover Page Interactive Data File - The cover page XBRL tags are embedded within the inline XBRL document. | |
| * | Filed herewith. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: November 1, 2022 | QuickLogic Corporation |
|---|---|
| /s/ Elias Nader | |
| Elias Nader<br><br> <br>Chief Financial Officer and Senior Vice-President, Finance<br> (Principal Financial Officer) |
ex_436810.htm
Exhibit 99.1
QuickLogic Announces Changes to its Board of Directors ****
SAN JOSE, Calif., Nov. 1, 2022 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK) ("QuickLogic" or the "Company"), a developer of ultra-low power multi-core voice enabled SoCs, embedded FPGA IP, and Endpoint AI solutions, today announced that Dan Rabinovitsj will step down from the Board of Directors, effective November 1, 2022, to pursue a new board opportunity that is closer to his personal passion in life sciences. Mr. Rabinovitsj, currently Vice President at Meta, has served on the QuickLogic Board of Directors since 2014.
"Since joining the Board eight years ago, Dan has provided expert guidance to the company, playing a key role in shaping our technology and financial strategy as the company embarked on its transformation," said Michael R. Farese, chairman of the QuickLogic Board of Directors. "On behalf of the Board and the company, I would like to thank Dan for his contributions and wish him the very best as he pursues his passion. He will be missed."
"I remain a strong supporter of QuickLogic's strategy, leadership team, and Board of Directors. QuickLogic's transition from a conventional silicon company into a leader of the embedded FPGA (eFPGA) movement is well established. The company is leading the way to embed flexible intelligence into endpoints in a variety of sustainable, high-value applications. Under Brian Faith's leadership and the guidance of the Board, I am confident that QuickLogic will continue to execute its plan to grow profitably and lead in an exciting new era of embedded, programmable IP," said Mr. Rabinovitsj.
With the departure of Mr. Rabinovitsj, the Board of Directors will move forward with seven members for the foreseeable future.
About QuickLogic
QuickLogic Corporation (NASDAQ: QUIK) is a fabless semiconductor company that develops low power, multi-core semiconductor platforms and Intellectual Property (IP) for Artificial Intelligence (AI), voice and sensor processing. The solutions include embedded FPGA IP (eFPGA) for hardware acceleration and pre-processing, and heterogeneous multi-core SoCs that integrate eFPGA with other processors and peripherals. The Analytics Toolkit from our recently acquired wholly owned subsidiary, SensiML Corporation, completes the end-to-end solution with accurate sensor algorithms using AI technology. The full range of platforms, software tools and eFPGA IP enables the practical and efficient adoption of AI, voice, and sensor processing across mobile, wearable, hearable, consumer, industrial, edge and endpoint IoT. For more information, visitwww.quicklogic.com and https://www.quicklogic.com/blog.
The QuickLogic logo and QuickLogic are registered trademarks of QuickLogic Corporation.
CONTACT: Elias Nader, Chief Financial Officer, (408) 990-4000, ir@quicklogic.com; IR Contact: Alison Ziegler, Darrow Associates, Inc., (201) 220-2678, ir@quicklogic.com
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