iphi20200801_8k.htm
false 0001160958 0001160958 2020-07-29 2020-07-29
united states
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): July 29, 2020
 
INPHI CORPORATION
 
(Exact name of registrant as specified in its charter)
 
Delaware
(State or Other Jurisdiction of
Incorporation)
001-34942
(Commission File Number)
77-0557980
(I.R.S. Employer
Identification No.)
 
2953 Bunker Hill Lane, Suite 300
Santa Clara, California
  95054
(Address of principal executive offices)   (Zip Code)
     
(408) 217-7300
(Registrant’s telephone number,
including area code)
 
N/A
(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 obligations of the registrant under any of the following provisions:
 
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))
 
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading symbol(s) 
Name of each exchange on which registered
Common Stock, $0.001 par value per share
IPHI
The New York Stock Exchange
 
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b–2 of the Securities Exchange Act of 1934 (§240.12b–2 of this chapter).
 
Emerging growth company
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 

 
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
On July 29, 2020, Diosdado Banatao notified the Board of Directors (the “Board”) of Inphi Corporation, a Delaware corporation (the “Company”), of his decision to resign as a director of the Company and as a member of any and all committees of the Board, effective immediately. Mr. Banatao’s decision to resign is not a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
 
On August 3, 2020, the Company issued a press release regarding the resignation of Mr. Banatao, a copy of which is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
 
Item 9.01
Financial Statements and Exhibits.
 
(d) Exhibits.
 
Exhibit No.
 
Description
 
 
 
99.1
 
104
 
Cover Page Interactive Data File (formatted as Inline XBRL).
 
 

 
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 thereunto duly authorized.
 
 
Date: August 3, 2020
 
INPHI CORPORATION
   
 
   
By:    /s/ Richard Ogawa 
   
    Richard T. Ogawa
    General Counsel
     
 
 
ex_196667.htm

Exhibit 99.1

 

 

 

Inphi Announces Dado Banatao as Chairman Emeritus

 

 

SANTA CLARA, Calif., August 3, 2020  Inphi Corporation (NYSE: IPHI), a leader in high-speed data movement interconnects, announced today that Mr. Diosdado Banatao has retired from the Board of Directors effective July 29, 2020. Banatao will continue in his new role as Chairman Emeritus and will be engaged as an advisor to Inphi.

 

“I'm grateful to have had the opportunity to serve as Chairman of Inphi since its incorporation in December 2000, working alongside great directors, gifted engineers and a tireless management team that has successfully scaled and strategically positioned Inphi as a well-respected market leader,” said Banatao. “This year marks the 20th anniversary of Inphi’s founding and its 10th anniversary as a public company, milestones that mark a perfect opportunity for me to retire from my current role and pass on the Chairman role to its next leader. I’m extremely proud of the company’s accomplishments and I have great optimism about Inphi’s future and continued market leadership.”

 

“It’s been a tremendous honor and privilege to have worked with Dado over the years,” said Ford Tamer, President and CEO, Inphi. “We are grateful for his experience, perspectives and contribution, which have helped shape Inphi’s strategy and vision. He was instrumental in forming the company from the very beginning and we wish him continued success in his future endeavors.”

 

“On behalf of the Inphi team, I would like to thank Dado for his early investments and long-term stewardship of Inphi through our phases of development. If it weren’t for Dado, we wouldn’t be here today,” said Dr. Loi Nguyen, Founder and Senior Vice President, Optical Interconnect at Inphi. “Dado’s lasting impression on our culture and values will prove timeless and he will be missed.”

 

Banatao served on the Inphi Board and as chairman of its Board since December 2000, overseeing Inphi’s start-up capital raising efforts, its development as a private company, its initial public offering and strategy as a publicly held corporation. During his tenure, Banatao also served as Inphi’s Interim President and Chief Executive Officer from October 2006 to August 2007.

 

About Inphi
Inphi Corporation is a leader in high-speed data movement interconnects. We move big data – fast, throughout the globe, between data centers, and inside data centers.  Inphi’s expertise in signal integrity results in reliable data delivery, at high speeds, over a variety of distances. As data volumes ramp exponentially due to video streaming, social media, cloud-based services, and wireless infrastructure, the need for speed has never been greater. That’s where we come in. Customers rely on Inphi’s solutions to develop and build out the Service Provider and Cloud infrastructures, and data centers of tomorrow. To learn more about Inphi, visit www.inphi.com or connect with Inphi on Twitter or Linkedin.

 

# # #

 

Inphi, the Inphi logo and Think fast are registered trademarks of Inphi Corporation. All other trademarks used herein are the property of their respective owners.

 

Corporate Contact:
Kim Markle
408-217-7329               
kmarkle@inphi.com

 

Investor Contact:

Vernon P. Essi, Jr.

408-606-6524               

vessi@inphi.com

 

 
v3.20.2
Document And Entity Information
Jul. 29, 2020
Document Information [Line Items]  
Entity, Registrant Name INPHI CORPORATION
Document, Type 8-K
Document, Period End Date Jul. 29, 2020
Entity, Incorporation, State or Country Code DE
Entity, File Number 001-34942
Entity, Tax Identification Number 77-0557980
Entity, Address, Address Line One 2953 Bunker Hill Lane
Entity, Address, Address Line Two Suite 300
Entity, Address, City or Town Santa Clara
Entity, Address, State or Province CA
Entity, Address, Postal Zip Code 95054
City Area Code 408
Local Phone Number 217-7300
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock
Trading Symbol IPHI
Security Exchange Name NYSE
Entity, Emerging Growth Company false
Amendment Flag false
Entity, Central Index Key 0001160958