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EX-99.1 - EX-99.1 - TRIDENT MICROSYSTEMS INC | f59105exv99w1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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): May 3, 2011
TRIDENT MICROSYSTEMS, INC.
(Exact name of registrant as specified in its charter)
0-20784
(Commission File Number)
(Commission File Number)
Delaware (State or other jurisdiction of incorporation) |
77-0156584 (I.R.S. Employer Identification No.) |
1170 Kifer Road
Sunnyvale, California 94086
(Address of principal executive offices, with zip code)
Sunnyvale, California 94086
(Address of principal executive offices, with zip code)
(408) 962-5000 (Registrants telephone number, including area code) |
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):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition.
On May 3, 2011, Trident Microsystems, Inc. (Trident or the Company) issued a press release
announcing its operating and financial results for the quarter ended March 31, 2011, and intends to
discuss the financial results announced in the press release during a related conference call to be
held on May 3, 2011. The press release and conference call contain forward-looking statements
regarding the Company and include cautionary statements identifying factors that could cause actual
results to differ materially from those anticipated. The full text of the Companys press release
is attached hereto as Exhibit 99.1.
The information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, is
furnished pursuant to Item 2.02 and shall not be deemed filed for the purposes of Section 18 of
the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under that
Section. Furthermore, the information in this Current Report on Form 8-K, including the exhibit,
shall not be deemed to be incorporated by reference into the filings of the Company under the
Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.
Included in the press release is financial information prepared on a Generally Accepted
Accounting Principles (GAAP) basis, as well as certain non-GAAP information. As required by
Regulation G, the press release contains a reconciliation of the non-GAAP financial measures to the
most directly comparable GAAP measures as well as a discussion of managements uses of, and
rationale for presenting, the non-GAAP financial measures. To supplement the consolidated financial
results prepared under GAAP, Trident uses a non-GAAP conforming, or non-GAAP, measure of net income
(loss) that is GAAP net income (loss) adjusted to exclude certain costs, expenses and gains.
Non-GAAP net loss, non-GAAP gross margin and non-GAAP expenses give an indication of Tridents
baseline performance before gains, losses or other charges that are considered by management to be
outside the Companys core operating results. In addition, these non-GAAP measures as a percentage
of net revenues are used to identify key trends in performance and measure key results against
objectives. These non-GAAP measures are among the primary indicators management uses as a basis
for planning and forecasting future periods. These measures are not in accordance with, or an
alternative for, GAAP and may be materially different from non-GAAP measures used by other
companies. Trident computes non-GAAP net income (loss) by adjusting GAAP net income (loss) for
acquisition-related expenses, stock-based compensation expense, expenses related to the stock
option investigation and related matters, legal settlements, restructuring charges, expenses
related to software license fees, amortization and impairment of intangible assets from
acquisitions, impairment loss, backlog amortization, capital gains and losses and dividend income.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description | |
99.1
|
Press release dated May 3, 2011 announcing financial results. |
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: May 3, 2011
TRIDENT MICROSYSTEMS, INC.
/s/ David L. Teichmann | ||||
David L. Teichmann | ||||
Executive Vice President, General Counsel & Corporate Secretary |