Item 2.02 Results of Operations and Financial Condition.
On October 30, 2019, the Company issued a press release announcing its financial results for its second quarter of fiscal year 2020. The full text of the
press release is furnished as Exhibit No. 99.1 to this Current Report on Form 8-K.
Item 7.01 Regulation FD Disclosure.
On October 30, 2019, in addition to issuing a press release, the Company posted on its website a shareholder letter to investors summarizing the financial
results for its second quarter of fiscal year 2020. The full text of the shareholder letter is furnished as Exhibit No. 99.2 to this Current Report on Form 8-K.
Use of Non-GAAP Financial Information
To supplement Cirrus Logic's financial statements presented on a GAAP basis, Cirrus has provided non-GAAP financial information, including non-GAAP net
income, diluted earnings per share, operating income and profit, operating expenses, gross margin and profit, tax expense and tax expense impact on earnings per share. A reconciliation of the adjustments to GAAP results is included in the tables
to the press release furnished as Exhibit 99.1 to the Current Report on Form 8-K. Non-GAAP financial information is not meant as a substitute for GAAP results, but is included because management believes such information is useful to our investors
for informational and comparative purposes. In addition, certain non-GAAP financial information is used internally by management to evaluate and manage the company. The non-GAAP financial information used by Cirrus Logic may differ from that used
by other companies. These non-GAAP measures should be considered in addition to, and not as a substitute for, the results prepared in accordance with GAAP.
The information contained in Items 2.02, 7.01, and 9.01 in this Current Report on Form 8-K and the exhibits furnished hereto contain forward-looking
statements regarding the Company and cautionary statements identifying important factors that could cause actual results to differ materially from those anticipated. In addition, this information 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 they 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 a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit
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Description
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Exhibit 99.1
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Cirrus Logic, Inc. press release dated October 30, 2019
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Exhibit 99.2
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Cirrus Logic, Inc. shareholder letter dated October 30, 2019
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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.
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CIRRUS LOGIC, INC.
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Date: October 30, 2019
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By:
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/s/ Thurman K.
Case
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Name:
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Thurman K. Case
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Title:
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Chief Financial Officer
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EXHIBIT INDEX
_______________________________________________________________________
Exhibit 99.1
Exhibit 99.2