8-K 3_9_12 XFAB Agreement


 
 
 
 
 





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): March 5, 2012
______________
Power Integrations, Inc.
(Exact name of Registrant as specified in its charter)
______________
Delaware
 
000-23441
 
94-3065014
(State or other jurisdiction
 
(Commission
 
(IRS Employer
of incorporation)
 
File Number)
 
Identification No.)
 
 
 
 
 
5245 Hellyer Avenue
San Jose, California 95138-1002
(Address of principal executive offices)

(408) 414-9200
(Registrant's telephone number, including area code)
______________

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):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



 
 
 
 
 






Item 1.01. Entry into a Material Definitive Agreement.
On March 5, 2012, Power Integrations International, Ltd. (“PI”), a wholly owned subsidiary of Power Integrations, Inc., a Delaware corporation (the “Company”), and X-FAB Semiconductor Foundries AG, a German corporation (“X-FAB”), entered into a Wafer Supply Agreement effective as of October 1, 2010 (the “Agreement”), pursuant to which PI will acquire wafers for certain integrated circuit products from X-FAB based on forecasts that PI provides to X-FAB.





SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
Power Integrations, Inc.
 
 
 
 
By:
/s/ Sandeep Nayyar
 
 
 
Name:
Sandeep Nayyar
 
 
Title:
Chief Financial Officer
 
 
 
 
 
 

Dated: March 9, 2012