8-K: Current report filing
Published on July 12, 1994
FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: July 8, 1994
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ADVANCED MICRO DEVICES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-7882 94-1692300
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
One AMD Place
P.O. Box 3453
Sunnyvale, California 94088-3453
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(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (408) 732-2400
Exhibit Index
located on sequential page 4 Page 1 of 5
ITEM 5. OTHER EVENTS
On July 8, 1994, Advanced Micro Devices, Inc. (the "Company") issued a
press release announcing that it has reached agreements, in principle, to settle
all class action securities lawsuits, In Re Advanced Micro Devices,
Securities Litigation (No. C-93-20662-JW, N.D. Cal.), and the derivative case,
George A. Bilunka, et al vrs. Sanders, et al (93-20727JW N.D. Cal.), currently
pending against the Company and certain of its officers and directors. The
agreement to settle is subject to the approval of AMD's board of directors and
confirmation by the United States District Court in San Jose, Calif. The suits
were filed in conjunction with AMD's September 2, 1993, announcements relating
to the Company's Am486 (Registered Trademark) family of products.
If approved, the cost of the settlements to the Company would be $34,000,000.
The Company believes current quarter financial results would not be materially
affected because of previously recorded settlement reserves for these cases,
insurance proceeds, and an unrelated one-time gain the Company expects to record
in the current quarter related to an award of damages in the AMD/Intel
Technology Agreement Arbitration currently under review by the California
Supreme Court.
2
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.
ADVANCED MICRO DEVICES, INC
(Registrant)
Date July 11, 1994 By: /s/ Marvin D. Burkett
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Marvin D. Burkett
3
EXHIBIT INDEX
Sequential
Page No.
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28.1 Press release announcing agreements to settle all class 5
action securities lawsuits currently pending against Advanced
Micro Devices, Inc. and certain of its officers and directors.
4
NEWS RELEASE
[AMD LOGO AND ADDRESS]
For further information:
Chuck Mulloy (408) 749-5481
AMD REACHES TENTATIVE AGREEMENT TO SETTLE CLASS
ACTION SECURITIES AND DERIVATIVE SUITS
SUNNYVALE, Calif. ... July 8, 1994 ... Advanced Micro Devices (AMD) today
announced that it has reached agreements in principle to settle all class action
securities lawsuits and the derivative case currently pending against the
company and certain of its officers and directors. The agreement to settle is
subject to the approval of AMD's board of directors and confirmation by the
United States District Court in San Jose, Calif. The suits were filed in
conjunction with AMD's September 2, 1993, announcements relating to the
company's Am486 (Registered Trademark) family of products.
If approved, the cost of the settlements to the company would be $34,000,000.
The company believes current quarter financial results would not be materially
affected because of previously recorded settlement reserves for these cases,
insurance proceeds, and an unrelated one-time gain the company expects to record
in the current quarter.
Advanced Micro Devices, Inc., the fifth-largest U.S. manufacturer of integrated
circuits, produces microprocessors and related peripherals, memories,
programmable logic devices and circuits for telecommunications, office
automation and networking applications. AMD has sales offices worldwide and has
manufacturing facilities in Sunnyvale, California; Austin, Texas; Bangkok,
Thailand; Penang, Malaysia; Singapore; and Basingstoke, England.
###
Am486 is a registered trademark of Advanced Micro Devices, Inc.
AMD news release #94CORP16 AMD-90212