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) May 6, 2011
LSI CORPORATION
(Exact name of registrant as specified in its charter)
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| DELAWARE
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1-10317
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94-2712976 |
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(State or other jurisdiction of
incorporation)
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(Commission File Number)
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(IRS Employer Identification
No.) |
1621 Barber Lane
Milpitas, California 95035
(Address of principal executive offices, including zip code)
(408) 433-8000
(Registrant’s telephone number, including area code)
Not Applicable
(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):
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))
TABLE OF CONTENTS
Item 2.01 Completion of Acquisition or Disposition of Assets.
As previously reported, on March 9, 2011, LSI entered into an agreement with NetApp, Inc.
(“NetApp”) pursuant to which we agreed to sell our external storage systems business to NetApp (the
“Transaction”). On May 6, 2011, we completed the Transaction and received the proceeds of $480
million in cash before transaction fees.
Item 9.01 Financial Statements and Exhibits.
(b) Pro Forma Financial Information.
The unaudited pro forma condensed consolidated balance sheet as of December 31, 2010 and
unaudited pro forma condensed consolidated statements of operations for the fiscal years ended
December 31, 2010, 2009, and 2008, in each case giving effect to the Transaction, are filed as
Exhibit 99.1 to this Form 8-K and are incorporated by reference herein.
(d) Exhibits.
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| Exhibit No. |
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Description |
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99.1
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Unaudited pro forma condensed consolidated balance sheet
of LSI Corporation as of December 31, 2010; unaudited pro
forma condensed consolidated statements of operations of
LSI Corporation for the fiscal years ended December 31,
2010, 2009 and 2008; and notes related thereto. |