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| | | | | A-1 | | | |
| | | | | B-1 | | | |
| | | | | C-1 | | |
| | | | | | | | |
Fiscal Year(5)
|
| |||||||||||||||
(in millions, except per share amounts)
|
| |
CY2018(6)
|
| |
FY2018
|
| |
FY2019
|
| |
FY2020
|
| ||||||||||||
Net Sales
|
| | | $ | 2,042 | | | | | $ | 1,991 | | | | | $ | 2,156 | | | | | $ | 2,317 | | |
Non-GAAP Gross Profit(1)
|
| | | $ | 1,282 | | | | | $ | 1,254 | | | | | $ | 1,366 | | | | | $ | 1,476 | | |
EBITDA(2) | | | | $ | 738 | | | | | $ | 715 | | | | | $ | 808 | | | | | $ | 910 | | |
Non-GAAP Operating Income(3)
|
| | | $ | 671 | | | | | $ | 650 | | | | | $ | 737 | | | | | $ | 834 | | |
Non-GAAP Diluted Earnings Per Share(4)
|
| | | $ | 4.55 | | | | | $ | 4.41 | | | | | $ | 5.07 | | | | | $ | 5.80 | | |
| | | | | | | | |
Fiscal Year(5)
|
| |||||||||||||||||||||||||||||||||
(in millions, except per share amounts)
|
| |
CY2018(6)
|
| |
FY2018
|
| |
FY2019
|
| |
FY2020
|
| |
FY2021
|
| |
FY2022
|
| |
FY2023
|
| |||||||||||||||||||||
Net Sales
|
| | | $ | 2,048 | | | | | $ | 1,991 | | | | | $ | 2,162 | | | | | $ | 2,317 | | | | | $ | 2,472 | | | | | $ | 2,608 | | | | | $ | 2,725 | | |
Non-GAAP Gross Profit(1)
|
| | | $ | 1,285 | | | | | $ | 1,252 | | | | | $ | 1,376 | | | | | $ | 1,476 | | | | | $ | 1,582 | | | | | $ | 1,682 | | | | | $ | 1,771 | | |
EBITDA(2) | | | | $ | 723 | | | | | $ | 698 | | | | | $ | 803 | | | | | $ | 895 | | | | | $ | 991 | | | | | $ | 1,079 | | | | | $ | 1,156 | | |
Non-GAAP Operating Income(3)
|
| | | $ | 670 | | | | | $ | 646 | | | | | $ | 746 | | | | | $ | 834 | | | | | $ | 926 | | | | | $ | 1,011 | | | | | $ | 1,085 | | |
Non-GAAP Diluted Earnings Per Share (4)
|
| | | $ | 4.50 | | | | | $ | 4.34 | | | | | $ | 5.10 | | | | | $ | 5.84 | | | | | $ | 6.49 | | | | | $ | 6.82 | | | | | $ | 7.12 | | |
| | | | | | | | |
Fiscal Year(2)
|
| |||||||||||||||||||||||||||
(in millions, except per share amounts)
|
| |
Q2-Q4’FY2018(3)
|
| |
FY2019
|
| |
FY2020
|
| |
FY2021
|
| |
FY2022
|
| |
FY2023
|
| ||||||||||||||||||
Unlevered Free Cash Flow(1)
|
| | | $ | 465 | | | | | $ | 622 | | | | | $ | 713 | | | | | $ | 799 | | | | | $ | 852 | | | | | $ | 911 | | |
| | |
EV/CY2018E
EBITDA Multiples* |
| |
CY2018E
P/E Multiples* |
| ||||||
Analog Market Leaders | | | | | | | | | | | | | |
Texas Instruments Inc.
|
| | | | 14.6x | | | | | | 20.1x | | |
Analog Devices, Inc.
|
| | | | 12.3x | | | | | | 13.8x | | |
Maxim Integrated Products Inc.
|
| | | | 14.2x | | | | | | 19.9x | | |
| | |
EV/CY2018E
EBITDA Multiples* |
| |
CY2018E
P/E Multiples* |
| ||||||
Mixed-Signal/Communications | | | | | | | | | | | | | |
Broadcom Limited
|
| | | | 11.0x | | | | | | 12.4x | | |
NXP Semiconductors N.V.(1)
|
| | | | 13.0x | | | | | | 16.2x | | |
Microchip Technology Inc.(2)
|
| | | | 13.3x | | | | | | 15.1x | | |
Xilinx, Inc.
|
| | | | 16.7x | | | | | | 21.7x | | |
Marvell Technology Group Ltd.(3)
|
| | | | 11.1x | | | | | | 14.9x | | |
Integrated Device Technology, Inc.
|
| | | | 14.6x | | | | | | 17.1x | | |
Mellanox Technologies, Inc.
|
| | | | 13.9x | | | | | | 18.8x | | |
Semtech Corporation
|
| | | | 10.7x | | | | | | 15.7x | | |
MACOM Technology Solutions Holdings, Inc.
|
| | | | 18.4x | | | | | | 35.8x | | |
| | |
EV/CY2018E
EBITDA Multiples* |
| |
CY2018E
P/E Multiples* |
| ||||||
Multi-Market/Discrete | | | | | | | | | | | | | |
Infineon Technologies AG
|
| | | | 12.2x | | | | | | 23.6x | | |
STMicroelectronics
|
| | | | 9.3x | | | | | | 17.9x | | |
Renesas Electronics Corporation
|
| | | | 9.7x | | | | | | 18.2x | | |
ON Semiconductor Corporation
|
| | | | 8.4x | | | | | | 12.6x | | |
Cypress Semiconductor Corporation
|
| | | | 12.5x | | | | | | 14.3x | | |
Announcement Date
|
| |
Target
|
| |
Acquiror
|
| |
EV/
NTM EBITDA Multiple* |
| |
NTM
P/E Multiple* |
| ||||||
February 20, 2018
|
| | NXP Semiconductors N.V. | | | QUALCOMM Incorporated | | | | | 13.8x | | | | | | 17.5x | | |
November 20, 2017
|
| | Cavium, Inc. | | |
Marvell Technology Group Ltd.
|
| | | | 15.4x | | | | | | 23.7x | | |
December 20, 2016
|
| | InvenSense, Inc. | | | TDK Corporation | | | | | NM** | | | | | | NM** | | |
September 12, 2016
|
| | Intersil Corporation | | | Renesas Electronics Corporation | | | | | 19.8x | | | | | | 31.1x | | |
July 26, 2016
|
| | Linear Technology Corporation | | | Analog Devices, Inc. | | | | | 16.4x | | | | | | 25.3x | | |
June 15, 2016
|
| | QLogic Corporation | | | Cavium, Inc. | | | | | 8.5x | | | | | | 14.9x | | |
January 19, 2016
|
| | Atmel Corporation | | | Microchip Technology Incorporated | | | | | 15.9x | | | | | | 21.7x | | |
November 24, 2015
|
| | PMC-Sierra, Inc. | | | Microsemi Corporation | | | | | 15.5x | | | | | | 18.6x | | |
November 18, 2015
|
| | Fairchild Semiconductor International, Inc. | | | ON Semiconductor Corporation | | | | | 9.1x | | | | | | 20.9x | | |
October 21, 2015
|
| | SanDisk Corporation | | | Western Digital Corporation | | | | | 9.6x | | | | | | 25.3x | | |
June 1, 2015
|
| | Altera Corporation | | | Intel Corporation | | | | | 23.4x | | | | | | 35.6x | | |
May 28, 2015
|
| | Broadcom Corporation | | | Avago Technologies Ltd. | | | | | 12.0x | | | | | | 15.6x | | |
April 30, 2015
|
| | OmniVision Technologies, Inc. | | | Investor Group | | | | | 8.3x | | | | | | 22.0x | | |
March 2, 2015
|
| | Freescale Semiconductor, Ltd. | | | NXP Semiconductors N.V. | | | | | 13.6x | | | | | | 16.7x | | |
December 1, 2014
|
| | Spansion, Inc. | | | Cypress Semiconductor Corporation | | | | | 9.6x | | | | | | 16.8x | | |
Announcement Date
|
| |
Target
|
| |
Acquiror
|
| |
EV/
NTM EBITDA Multiple* |
| |
NTM
P/E Multiple* |
| ||||||
October 14, 2014
|
| | CSR plc | | | QUALCOMM Incorporated | | | | | 16.7x | | | | | | 27.1x | | |
August 20, 2014
|
| | International Rectifier Corporation | | | Infineon Technologies AG | | | | | 10.8x | | | | | | 22.3x | | |
June 9, 2014
|
| | Hittite Microwave Corporation | | | Analog Devices, Inc. | | | | | 13.7x | | | | | | 28.6x | | |
February 24, 2014
|
| |
TriQuint Semiconductor, Inc.
|
| | RF Micro Devices, Inc. | | | | | 9.3x | | | | | | 32.4x | | |
December 16, 2013
|
| | LSI Corporation | | | Avago Technologies Ltd. | | | | | 14.1x | | | | | | 17.1x | | |
July 12, 2013
|
| | Spreadtrum Communications, Inc. | | | Tsinghua Holdings Co. Ltd. | | | | | 8.3x | | | | | | 10.6x | | |
June 22, 2012
|
| | MStar Semiconductor, Inc. | | | MediaTek Inc. | | | | | 9.9x | | | | | | 15.9x | | |
September 12, 2011
|
| |
NetLogic Microsystems, Inc.
|
| | Broadcom Corporation | | | | | 25.4x | | | | | | 29.2x | | |
April 4, 2011
|
| | National Semiconductor Corporation | | | Texas Instruments Inc. | | | | | 10.5x | | | | | | 18.8x | | |
January 5, 2011
|
| | Atheros Communications Inc. | | | QUALCOMM Incorporated | | | | | 19.0x | | | | | | 23.5x | | |
| | |
Principal
Outstanding(1) |
| |
Base
Rate |
| |
Base Rate
Margin |
| |
Eurocurrency
Rate(2) |
| |
Eurodollar Rate
Margin |
| |||||||||||||||
Revolving Credit Facility (existing or backstop)
|
| | | $ | 3,000 | | | | | | 4.75% | | | | | | 1.25% | | | | | | 2.36% | | | | | | 2.25% | | |
New Term Loan B Facility
|
| | | $ | 5,000 | | | | | | 4.75% | | | | | | 1.25% | | | | | | 2.36% | | | | | | 2.25% | | |
New Bridge Facility
|
| | | $ | 625 | | | | | | 4.75% | | | | | | 0.50% | | | | | | 2.36% | | | | | | 1.50% | | |
Name
|
| |
Cash
($)(1) |
| |
Equity
($)(2) |
| |
Perquisites/Benefits
($)(3) |
| |
Tax
Reimbursement ($)(4) |
| |
Other
($)(5) |
| |
Total
($) |
| ||||||||||||||||||
James J. Peterson
|
| | | | 7,019,440 | | | | | | 14,654,680 | | | | | | 91,750 | | | | | | 0 | | | | | | 0 | | | | | | 21,765,870 | | |
Paul H. Pickle
|
| | | | 2,664,940 | | | | | | 28,000,476 | | | | | | 122,054 | | | | | | 0 | | | | | | 0 | | | | | | 30,787,470 | | |
John W. Hohener
|
| | | | 2,326,508 | | | | | | 22,213,876 | | | | | | 89,284 | | | | | | 0 | | | | | | 0 | | | | | | 24,629,668 | | |
Steven G. Litchfield
|
| | | | 1,658,000 | | | | | | 24,555,974 | | | | | | 121,850 | | | | | | 0 | | | | | | 0 | | | | | | 26,335,824 | | |
David Goren
|
| | | | 1,430,800 | | | | | | 15,900,286 | | | | | | 121,672 | | | | | | 0 | | | | | | 0 | | | | | | 17,452,758 | | |
Frederick C. Goerner
|
| | | | 1,293,600 | | | | | | 8,369,081 | | | | | | 122,810 | | | | | | 0 | | | | | | 0 | | | | | | 9,785,491 | | |
Name
|
| |
Lump Sum
Base Salary ($) |
| |
Lump Sum Bonus
Payment ($) |
| |
Fiscal 2018 Cash
Incentive Award (at Maximum Level of Performance) ($)* |
| |
Total ($)
|
| ||||||||||||
James J. Peterson
|
| | | | 1,610,000 | | | | | | 3,461,340 | | | | | | 1,948,100 | | | | | | 7,019,440 | | |
Paul H. Pickle
|
| | | | 880,000 | | | | | | 1,289,940 | | | | | | 495,000 | | | | | | 2,664,940 | | |
John W. Hohener
|
| | | | 814,000 | | | | | | 1,113,648 | | | | | | 398,860 | | | | | | 2,326,508 | | |
Steven G. Litchfield
|
| | | | 800,000 | | | | | | 520,000 | | | | | | 338,000 | | | | | | 1,658,000 | | |
David Goren
|
| | | | 730,000 | | | | | | 438,000 | | | | | | 262,800 | | | | | | 1,430,800 | | |
Frederick C. Goerner
|
| | | | 660,000 | | | | | | 396,000 | | | | | | 237,600 | | | | | | 1,293,600 | | |
Name
|
| |
Fiscal 2018 Cash
Incentive Award (at Target Level of Performance) ($) |
| |||
James J. Peterson
|
| | | | 885,500 | | |
Paul H. Pickle
|
| | | | 330,000 | | |
John W. Hohener
|
| | | | 284,900 | | |
Steven G. Litchfield
|
| | | | 260,000 | | |
David Goren
|
| | | | 219,000 | | |
Frederick C. Goerner
|
| | | | 198,000 | | |
Name
|
| |
RSUs
($) |
| |
PSUs (at
Maximum Level of Performance)* ($) |
| |
Restricted
Stock ($) |
| |
Total
($) |
| ||||||||||||
James J. Peterson
|
| | | | 0 | | | | | | 13,765,079 | | | | | | 889,601 | | | | | | 14,654,680 | | |
Paul H. Pickle
|
| | | | 2,726,921 | | | | | | 23,964,672 | | | | | | 1,308,883 | | | | | | 28,000,476 | | |
John W. Hohener
|
| | | | 2,228,541 | | | | | | 18,972,550 | | | | | | 1,012,785 | | | | | | 22,213,876 | | |
Steven G. Litchfield
|
| | | | 2,391,137 | | | | | | 21,016,898 | | | | | | 1,147,939 | | | | | | 24,555,974 | | |
David Goren
|
| | | | 1,595,146 | | | | | | 13,580,267 | | | | | | 724,873 | | | | | | 15,900,286 | | |
Frederick C. Goerner
|
| | | | 1,258,261 | | | | | | 6,189,650 | | | | | | 921,170 | | | | | | 8,369,081 | | |
Name
|
| |
PSUs (at Target
Level of Performance)* ($) |
| |||
James J. Peterson
|
| | | | 153,723 | | |
Paul H. Pickle
|
| | | | 6,414,354 | | |
John W. Hohener
|
| | | | 5,065,922 | | |
Steven G. Litchfield
|
| | | | 5,624,966 | | |
David Goren
|
| | | | 3,625,944 | | |
Frederick C. Goerner
|
| | | | 2,359,360 | | |
Name
|
| |
Car Allowance ($)
|
| |
Continuation of
Benefits ($) |
| |
Accrued
Vacation ($) |
| |
Total ($)
|
| ||||||||||||
James J. Peterson
|
| | | | 24,000 | | | | | | 67,750 | | | | | | 0 | | | | | | 91,750 | | |
Paul H. Pickle
|
| | | | 22,008 | | | | | | 100,046 | | | | | | 0 | | | | | | 122,054 | | |
John W. Hohener
|
| | | | 22,008 | | | | | | 67,276 | | | | | | 0 | | | | | | 89,284 | | |
Steven G. Litchfield
|
| | | | 22,008 | | | | | | 99,842 | | | | | | 0 | | | | | | 121,850 | | |
David Goren
|
| | | | 22,008 | | | | | | 99,664 | | | | | | 0 | | | | | | 121,672 | | |
Frederick C. Goerner
|
| | | | 22,008 | | | | | | 100,802 | | | | | | 0 | | | | | | 122,810 | | |
| | |
Common Stock Price
|
|||||||||
| | |
High
|
| |
Low
|
||||||
FY 2016* | | | | |||||||||
First quarter
|
| | | $ | 39.56 | | | | | $ | 30.76 | |
Second quarter
|
| | | $ | 39.16 | | | | | $ | 28.91 | |
Third quarter
|
| | | $ | 38.54 | | | | | $ | 29.68 | |
Fourth quarter
|
| | | $ | 42.19 | | | | | $ | 30.68 | |
FY 2017* | | | | |||||||||
First quarter
|
| | | $ | 57.32 | | | | | $ | 37.11 | |
Second quarter
|
| | | $ | 57.97 | | | | | $ | 50.32 | |
Third quarter
|
| | | $ | 53.28 | | | | | $ | 46.09 | |
Fourth quarter
|
| | | $ | 54.59 | | | | | $ | 46.67 | |
FY 2018* | | | | |||||||||
First quarter
|
| | | $ | 55.65 | | | | | $ | 50.35 | |
Second quarter
|
| | | $ | 67.52 | | | | | $ | 51.46 | |
Third quarter (through April 18, 2018)
|
| | | $ | 65.75 | | | | | $ | 63.00 |
Name of Beneficial Owner(1)
|
| |
Amount and
Nature of Beneficial Ownership(1) |
| |
Percent of Class(5)
|
| ||||||
Directors and Named Executive Officers | | | | ||||||||||
James J. Peterson
|
| | | | 467,865 | | | | | | * | | |
Dennis R. Leibel(2)
|
| | | | 43,624 | | | | | | * | | |
Kimberly E. Alexy
|
| | | | 12,002 | | | | | | * | | |
Thomas R. Anderson
|
| | | | 17,368 | | | | | | * | | |
William E. Bendush
|
| | | | 17,503 | | | | | | * | | |
Richard M. Beyer
|
| | | | 7,921 | | | | | | * | | |
Paul F. Folino(3)
|
| | | | 3,605 | | | | | | * | | |
William L. Healey
|
| | | | 14,868 | | | | | | * | | |
Matthew E. Massengill(4)
|
| | | | 20,513 | | | | | | * | | |
Paul H. Pickle
|
| | | | 19,030 | | | | | | * | | |
John W. Hohener
|
| | | | 27,234 | | | | | | * | | |
Steven G. Litchfield
|
| | | | 142,326 | | | | | | * | | |
David Goren
|
| | | | 10,539 | | | | | | * | | |
All Current Directors and Executive Officers, as a Group (14 persons)
|
| | | | 860,090 | | | | | | * | | |
Greater than 5% Security Holders | | | | ||||||||||
BlackRock, Inc.(6)
55 East 52nd Street New York, New York 10022 |
| | | | 10,817,946 | | | | | | 9.2% | | |
The Vanguard Group(7)
100 Vanguard Boulevard Malvern, Pennsylvania 19355 |
| | | | 9,980,152 | | | | | | 8.5% | | |
T. Rowe Price Associates, Inc.(8)
100 E. Pratt Street Baltimore, Maryland 21202 |
| | | | 8,589,829 | | | | | | 7.3% | | |
Waddell & Reed Financial, Inc.(9)
6300 Lamar Avenue Overland Park, Kansas 66202 |
| | | | 3,260,900 | | | | | | 2.8% | | |
| | |
Page
|
| |||
| | | | A-2 | | | |
| | | | A-2 | | | |
| | | | A-10 | | | |
| | | | A-12 | | | |
| | | | A-13 | | | |
| | | | A-13 | | | |
| | | | A-13 | | | |
| | | | A-13 | | | |
| | | | A-13 | | | |
| | | | A-13 | | | |
| | | | A-14 | | | |
| | | | A-14 | | | |
| | | | A-17 | | | |
| | | | A-18 | | | |
| | | | A-19 | | | |
| | | | A-19 | | | |
| | | | A-19 | | | |
| | | | A-19 | | | |
| | | | A-20 | | | |
| | | | A-20 | | | |
| | | | A-21 | | | |
| | | | A-22 | | | |
| | | | A-23 | | | |
| | | | A-23 | | | |
| | | | A-24 | | | |
| | | | A-24 | | | |
| | | | A-25 | | | |
| | | | A-25 | | | |
| | | | A-26 | | | |
| | | | A-27 | | | |
| | | | A-27 | | | |
| | | | A-28 | | | |
| | | | A-28 | | | |
| | | | A-28 | | | |
| | | | A-30 | | | |
| | | | A-30 | | | |
| | | | A-32 | | | |
| | | | A-32 | | | |
| | | | A-33 | | | |
| | | | A-36 | | | |
| | | | A-36 | | |
| | |
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Term
|
| |
Section Reference
|
|
|
401(k) Termination Date
|
| | 6.12(a) | |
|
Affected Employee
|
| | 6.12(b) | |
|
Agreement
|
| | Preamble | |
|
Alternate Debt Financing
|
| | 6.15(c) | |
|
Assumed Option
|
| | 2.7(d)(iv) | |
|
Assumed RSU
|
| | 2.7(d)(i) | |
|
Assumed SAR
|
| | 2.7(d)(iv) | |
|
Cancelled Shares
|
| | 2.7(a)(ii) | |
|
Capitalization Representations
|
| | 7.2(a) | |
|
Capitalization Time
|
| | 3.4(a) | |
|
Certificate of Merger
|
| | 2.2 | |
|
Certificates
|
| | 2.7(a)(i) | |
|
Closing
|
| | 2.3 | |
|
Closing Date
|
| | 2.3 | |
|
Closing Date Indebtedness
|
| | 6.15(e)(i)(f) | |
|
Collective Bargaining Agreements
|
| | 3.20(a) | |
|
Company
|
| | Preamble | |
|
Company Board
|
| | Recitals | |
|
Company Board Recommendation
|
| | 6.2(a) | |
|
Company Board Recommendation Change
|
| | 6.2(b) | |
|
Company Common Stock
|
| | Recitals | |
|
Company Disclosure Letter
|
| | Article III | |
|
Company IP Agreements
|
| | 3.22(d) | |
|
Company Registered IP
|
| | 3.22(a) | |
|
Company Securities
|
| | 3.4(d) | |
|
Company Stockholders’ Meeting
|
| | 6.3 | |
|
Confidentiality Agreement
|
| | 6.10 | |
|
Consent
|
| | 3.5(b) | |
|
Term
|
| |
Section Reference
|
|
|
Debt Commitment Letters
|
| | 4.8(a) | |
|
Debt Financing
|
| | 4.8(a) | |
|
Debt Financing Conditions
|
| | 4.8(b) | |
|
Debt Financing Sources
|
| | 4.8(a) | |
|
Delaware Secretary of State
|
| | 2.2 | |
|
Dissenting Shares
|
| | 2.7(c)(i) | |
|
D&O Insurance
|
| | 6.13(b) | |
|
Effective Time
|
| | 2.2 | |
|
Enforceability Limitations
|
| | 3.3(a) | |
|
Escrowed Compensatory Payments
|
| | 2.8(c) | |
|
Exchange Fund
|
| | 2.8(b) | |
|
Export Controls
|
| | 3.23(a) | |
|
Financing
|
| | 6.15(e)(i) | |
|
Financing Sources
|
| | 6.15(e)(i) | |
|
Import Restrictions
|
| | 3.23(a) | |
|
Indemnified Parties
|
| | 6.13(a) | |
|
Intervening Event
|
| | 6.2(c)(ii) | |
|
Labor Organization
|
| | 3.20(a) | |
|
Leased Real Property
|
| | 3.21(b) | |
|
Leases
|
| | 3.21(b) | |
|
Loan Documents
|
| | 6.17 | |
|
Material Contract
|
| | 3.11(a) | |
|
Maximum Annual Premium
|
| | 6.13(b) | |
|
Merger
|
| | Recitals | |
|
Merger Consideration
|
| | Recitals | |
|
Merger Sub
|
| | Preamble | |
|
New Debt Commitment Letters
|
| | 6.15(c) | |
|
Noteholders
|
| | 6.18(c) | |
|
Notes Consents
|
| | 6.18(a) | |
|
Notes Offer to Purchase
|
| | 6.18(a) | |
|
Notes Tender Offer
|
| | 6.18(a) | |
|
Notes Tender Offer Documents
|
| | 6.18(c) | |
|
Notice Period
|
| | 6.2(c)(i) | |
|
Optional Redemption
|
| | 6.18(e) | |
|
Optional Redemption Notice
|
| | 6.18(e) | |
|
Owned Real Property
|
| | 3.21(a) | |
|
Parent
|
| | Preamble | |
|
Parent Expenses
|
| | 8.3(b)(iv) | |
|
Parent Specified Representations
|
| | 7.3(a) | |
|
Payment Agent
|
| | 2.8(a) | |
|
Permits
|
| | 3.14 | |
|
Pre-Closing Director
|
| | 6.15(e)(ii) | |
|
Proxy Statement
|
| | 3.8 | |
|
PSU Consideration
|
| | 2.7(d)(iii) | |
|
Term
|
| |
Section Reference
|
|
|
Real Property
|
| | 3.21(b) | |
|
Required Financial Information
|
| | 6.15(e) | |
|
Requisite Stockholder Approval
|
| | 3.3(c) | |
|
Senior Notes
|
| | 6.18(a) | |
|
Significant Customer
|
| | 3.16(a) | |
|
Significant Supplier
|
| | 3.16(b) | |
|
Special Shares
|
| | 2.7(e) | |
|
Specified Representations
|
| | 7.2(a) | |
|
Subsidiary Securities
|
| | 3.2(d) | |
|
Supplemental Indenture
|
| | 6.18(d) | |
|
Surviving Corporation
|
| | 2.1 | |
|
Tail Policy
|
| | 6.13(b) | |
|
Tax Incentive
|
| | 3.17(k) | |
|
Termination Date
|
| | 8.1(d) | |
|
Termination Fee Amount
|
| | 8.3(b)(i) | |
|
TIA
|
| | 6.18(b) | |
|
Transition Period
|
| | 6.12(b) | |
|
Uncertificated Shares
|
| | 2.7(a)(i) | |
|
Unvested Restricted Stock
|
| | 2.7(d)(v) | |
| MICROCHIP TECHNOLOGY INCORPORATED | | |||
| By: | | | /s/ Steve Sanghi | |
| Name: | | | Steve Sanghi | |
| Title: | | | Chief Executive Officer | |
| MAPLE ACQUISITION CORPORATION | | |||
| By: | | | /s/ Steve Sanghi | |
| Name: | | | Steve Sanghi | |
| Title: | | | Chief Executive Officer | |
| MICROSEMI CORPORATION | | |||
| By: | | | /s/ James J. Peterson | |
| Name: | | | James J. Peterson | |
| Title: | | | Chief Executive Officer | |