Summary
This 8-K/A filing by Microchip Technology Inc. (MCHP) on October 18, 2012, serves as an amendment to a previous filing, primarily addressing the financial statements and pro forma information related to Microchip's acquisition of SMSC. Investors should note that the financial statements for SMSC are incorporated by reference from SMSC's previously filed 10-K and 10-Q reports. This filing makes available the unaudited pro forma combined financial information, offering a view of the merged entity's potential financial performance as if the acquisition had occurred at an earlier date.
Key Highlights
- 1Filing is an amendment (8-K/A) to provide updated financial disclosures related to an acquisition.
- 2Acquisition target is SMSC (Standard Microsystems Corporation).
- 3Financial statements of the acquired entity (SMSC) are incorporated by reference from SMSC's prior 10-K and 10-Q filings.
- 4Unaudited pro forma combined financial information for the acquisition of SMSC is filed as Exhibit 99.1.
- 5Pro forma information includes data for the fiscal year ended March 31, 2012, and for the three months ended June 30, 2012.
- 6Consent of Independent Registered Public Accounting Firm is included as Exhibit 23.1.
Frequently Asked Questions
This filing is an amendment to provide updated financial information, specifically the unaudited pro forma combined financial statements, related to Microchip Technology's acquisition of SMSC. It consolidates and presents the expected financial picture of the combined entities.
The financial statements for SMSC as of and for the fiscal year ended February 29, 2012, are incorporated by reference from SMSC's Annual Report on Form 10-K filed on April 23, 2012 (and amended on June 25, 2012). Interim financial statements for the three months ended May 31, 2012, are incorporated by reference from SMSC's Quarterly Report on Form 10-Q filed on July 3, 2012.
Pro forma financial information represents the combined financial results of Microchip Technology and SMSC as if the acquisition had occurred at an earlier specified date. It helps investors understand the potential financial impact and performance of the merged company.
The unaudited pro forma combined financial information covers the fiscal year ended March 31, 2012, and the three months ended June 30, 2012.