Summary
This 8-K/A filing from Micron Technology Inc. (MU) on October 15, 2013, serves as an amendment to a previous filing, primarily providing crucial financial information related to the acquisition of Elpida Memory, Inc. The amendment includes the audited consolidated financial statements of Elpida for the fiscal years ended February 28, 2013, and March 31, 2012. Additionally, it presents unaudited pro forma financial information for Micron, reflecting the impact of the Elpida acquisition and related adjustments. These exhibits are essential for investors to assess the financial standing and future prospects of Micron post-acquisition.
Key Highlights
- 1Micron Technology Inc. is filing an amendment to a previous 8-K report, primarily to provide financial details of the Elpida acquisition.
- 2Audited consolidated financial statements for Elpida Memory, Inc. for the fiscal years ended February 28, 2013, and March 31, 2012, are included.
- 3Unaudited pro forma financial information for Micron, reflecting the Elpida acquisition, is provided.
- 4The filing includes the consent of Ernst & Young ShinNihon LLC as independent auditors.
- 5A press release from July 31, 2013, related to the acquisition is referenced as a previously filed exhibit.
Frequently Asked Questions
The main purpose of this 8-K/A filing is to provide investors with the audited financial statements of the acquired company, Elpida Memory, Inc., and pro forma financial information for Micron Technology, Inc., reflecting the impact of the Elpida acquisition. This is an amendment to a prior filing to ensure all necessary financial disclosures are made.
The filing includes Elpida Memory, Inc.'s audited consolidated financial statements for the fiscal years ended February 28, 2013, and March 31, 2012. This allows investors to examine the financial health and performance of the acquired entity.
The unaudited pro forma financial information shows how Micron's financial statements would look if the acquisition of Elpida had occurred at an earlier date and includes adjustments that are specific to the acquisition. It helps investors understand the combined entity's financial picture as if the deal had been in place.
While this filing is dated October 15, 2013, it references a press release from July 31, 2013, concerning the acquisition. The financial statements provided relate to Elpida's periods ending in early 2013 and prior, indicating the acquisition likely occurred around that timeframe.