UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
August 9, 2006
LSI LOGIC 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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(Commission File Number)
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(IRS Employer |
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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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
TABLE OF CONTENTS
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| Item 1.01 |
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Entry into a Material Definitive Agreement. |
Effective August 14, 2006, LSI Logic Corporation (referred to here as “LSI Logic” or the “Company”)
entered into an agreement with Joseph M. Zelayeta, a named executive officer as such term is
defined in Item 402(a)(3) of Regulation S-K. Pursuant to this agreement, Mr. Zelayeta acknowledged
his retirement from the Company and resigned his employment with the Company. In addition, Mr.
Zelayeta acknowledged receipt of a bonus payment in the amount of $85,000, less any and all
statutory withholdings and deductions as required by law. The Company will make an additional
payment to Mr. Zelayeta in the amount of $207,500, less any and all statutory withholdings and
deductions as required by law. The Company will also provide medical coverage for Mr. Zelayeta and
his eligible dependents at no cost to Mr. Zelayeta. Coverage shall end for each participant upon
that participant reaching age 65.
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| Item 5.02 |
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Departure of Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers |
On August 9, 2006, the Board of Directors (the “Board”) of LSI Logic increased the number of
directors constituting the Board from eight to nine and elected Mr. Timothy Y. Chen, Corporate Vice
President and Chief Executive Officer of the Greater China Region for Microsoft Corporation, to the
Board. This appointment is effective September 1, 2006. It has not yet been determined on which
Board committees Mr. Chen will serve.
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| Item 9.01 |
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Financial Statements and Exhibits. |
(d) Exhibits
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| Exhibit No. |
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Description |
10.57
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Agreement dated August 14, 2006, between LSI Logic Corporation and Joseph M. Zelayeta. |
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99.1
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LSI Logic Corporation News Release issued August 14, 2006. |