0000855658-16-000289.txt : 20160922 0000855658-16-000289.hdr.sgml : 20160922 20160922164514 ACCESSION NUMBER: 0000855658-16-000289 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160922 ITEM INFORMATION: Material Impairments FILED AS OF DATE: 20160922 DATE AS OF CHANGE: 20160922 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LATTICE SEMICONDUCTOR CORP CENTRAL INDEX KEY: 0000855658 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 930835214 STATE OF INCORPORATION: DE FISCAL YEAR END: 0102 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-18032 FILM NUMBER: 161897998 BUSINESS ADDRESS: STREET 1: 111 SW 5TH AVE., SUITE 700 CITY: PORTLAND STATE: OR ZIP: 97204 BUSINESS PHONE: 5032688000 MAIL ADDRESS: STREET 1: 111 SW 5TH AVE., SUITE 700 CITY: PORTLAND STATE: OR ZIP: 97204 8-K 1 lscc8-kxhdmisep222016docum.htm 8-K Document


 

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)
September 22, 2016
 

Lattice Semiconductor Corporation
(Exact name of registrant as specified in its charter)

Delaware
 
000-18032
 
93-0835214
(State or other jurisdiction of incorporation)
 
(Commission File Number)
 
(IRS Employer
Identification No.)

111 SW Fifth Ave, Ste 700
Portland, Oregon 97204
(Address of principal executive offices, including zip code)

(503) 268-8000
(Registrant's telephone number, including area code)


(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))

 



Item 2.06. Material Impairments.

On September 19, 2016, Lattice Semiconductor Corporation (the “Company,” “we,” or “our”) agreed to restructure our role as agent with the members of the High-Definition Multimedia Interface (“HDMI”) consortium. As a result of this restructuring, we no longer serve as agent for the consortium and will be entitled to a reduced share of adopter fees paid by parties adopting the HDMI standard. We determined that this restructuring resulted in a non-cash impairment charge relating to intangible assets associated with future HDMI adopter fees which will be recognized in the third fiscal quarter of 2016. We currently estimate the total non-cash impairment charge to be in the range of $7.5 million to $8.5 million. We do not anticipate any future cash expenditures related to this impairment charge.



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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.





 
 
LATTICE SEMICONDUCTOR CORPORATION
 
 
By:
/s/ Byron W. Milstead
Date:
September 22, 2016
 
Byron W. Milstead
Corporate Vice President, General Counsel and Secretary


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