UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 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): March 3, 2011

ZORAN CORPORATION

(Exact Name of Registrant as Specified in Its Charter)

1390 Kifer Road

Sunnyvale, California 94086-5305

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code: (408) 523-6500

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:

On March 8, 2011, Zoran Corporation (the “Company”) issued a press release confirming that on March 3, 2011, Ramius Value and Opportunity Master Fund Ltd (“Ramius”) had delivered the requisite consents to elect three new independent directors to the Company’s Board of Directors in substitution for three of the Company’s current independent Board members. Chairman Uzia Galil and board members James D. Meindl and Philip M. Young, the three longest-serving Board members, have been replaced Jon S. Castor, Dale Fuller and Jeffrey C. Smith.

None of Messrs Caster, Fuller or Smith has yet been appointed to any Board committees. In accordance with the Company’s corporate governance guidelines, each newly appointed director received 30,000 options with a strike price of $11.03 per share, the closing price of the Company’s common stock on March 3, 2011, that will vest in four years in equal installments from the date of issuance. We are not aware of any arrangement or understanding between the new directors and any other persons, pursuant to which such directors were selected as a director. There have been no transactions since the beginning of the Company’s registrant’s last fiscal year, and there are no currently proposed transactions, in which the Company was or is to be a participant and the amount involved exceeds $120,000.

On March 3, 2011, Ramius delivered the requisite number of consents to amend the Company’s Bylaws as set forth below:

Any provision of the Company’s Bylaws in effect on March 3, 2011, including any amendments thereto, which were not included in the Company’s Bylaws that became effective on April 22, 2009, was repealed. No amendment to the Company’s Bylaws were made after April 22, 2009, and, therefore, no provision was repealed.

Article IV, Section 19 of the Company’s Bylaws were amended to add the following to the end thereof: “Stockholders shall have the exclusive ability to fill any vacancies resulting from the removal of any Director(s) by the stockholders.”

On March 3, 2011, Ramius delivered to the Company the requisite number of written consents to effect the its proposals identified below. Under Delaware law, stockholders may act without a meeting, without prior notice and without a vote, if consents in writing setting forth the corporate action to be taken are signed by the holders of outstanding stock having not less than the minimum number of votes that would be necessary to authorize or take such corporate action at a meeting at which all shares entitled to vote thereon were present and voted, i.e., a majority of the outstanding voting power.

In addition to the amendments to the Company’s Bylaws described in Item 5.03 above, Ramius also delivered to the Company the requisite number of written consents to remove Uzia Galil, James D. Meindl and Philip M. Young from the Company’s Board of Directors and to elect Jon S. Castor, Dale Fuller and Jeffrey C. Smith to the Company’s Board of Directors. Brokers did not have discretionary voting authority on any of the proposals and, as a result, there could be no broker non-votes.

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SIGNATURES

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.

Date: March 9, 2011

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