UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
September 9, 2010
Date of Report (Date of earliest event reported)
Date of Report (Date of earliest event reported)
DIODES INCORPORATED
(Exact name of registrant as specified in its charter)
| Delaware (State or other jurisdiction of incorporation) |
002-25577 (Commission File Number) |
95-2039518 (I.R.S. Employer Identification No.) |
| 15660 Dallas Parkway, Suite 850 Dallas, Texas (Address of principal executive offices) |
75248 (Zip Code) |
(972) 385-2810
(Registrant’s telephone number, including area code)
(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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 7.01. Regulation FD Disclosure.
On September 9, 2010, Diodes Incorporated issued a press release to update its guidance for the
third quarter of 2010. A copy of the press release is attached as Exhibit 99.1.
The information in this Item 7.01, including Exhibit 99.1, will not be treated as filed for
the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise
subject to the liabilities of that section. This information will not be incorporated by reference
into a filing under the Securities Act of 1933, or into another filing under the Exchange Act,
unless that filing expressly refers to specific information in this Form 8-K. The furnishing of the
information in this Item 7.01 is not intended to, and does not, constitute a representation that
such furnishing is required by Regulation FD or that the information in this Item 7.01 is material
information that is not otherwise publicly available.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit | ||
| Number | Description | |
99.1
|
Press release dated September 9, 2010 |
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.
| Dated: September 10, 2010 | DIODES INCORPORATED |
|||
| By /s/ Richard D. White | ||||
| RICHARD D. WHITE | ||||
| Chief Financial Officer | ||||
Exhibit 99.1
Diodes Incorporated Increases Third Quarter 2010 Guidance
Dallas, Texas — September 9, 2010 — Diodes Incorporated (Nasdaq: DIOD), a leading global
manufacturer and supplier of high-quality application specific standard products within the broad
discrete, logic and analog semiconductor markets, today increased its revenue and gross margin
guidance for the third quarter of 2010.
The Company is increasing its guidance for the third quarter of 2010 and now expects revenue to
range between $161 million and $166 million, or an increase of 8 to 11 percent sequentially,
compared to its previous guidance of $158 million to $164 million or an increase of 6 to 10 percent
sequentially. The Company also expects gross margin to range between 36.5 and 37.0 percent.
Previously the Company expected that gross profit would increase at a rate comparable to its
revenue growth or gross margin of 35.8 percent.
About Diodes Incorporated
Diodes Incorporated (Nasdaq: DIOD), a Standard and Poor’s SmallCap 600 and Russell 3000 Index
company, is a leading global manufacturer and supplier of high-quality application specific
standard products within the broad discrete, logic, and analog semiconductor markets. Diodes
serves the consumer electronics, computing, communications, industrial, and automotive markets.
Diodes’ products include diodes, rectifiers, transistors, MOSFETs, protection devices, functional
specific arrays, single gate logic, amplifiers and comparators, Hall-effect and temperature
sensors; power management devices, including LED drivers, DC-DC switching and linear voltage
regulators, and voltage references along with special function devices, such as USB power switches,
load switches, voltage supervisors, and motor controllers. The Company’s corporate headquarters,
logistics center, and Americas’ sales office are located in Dallas, Texas. Design, marketing, and
engineering centers are located in Dallas; San Jose, California; Taipei, Taiwan; Manchester,
England; and Neuhaus, Germany. The Company’s wafer fabrication facilities are located in Kansas
City, Missouri and Manchester, with two manufacturing facilities located in Shanghai, China,
another in Neuhaus, and a joint venture facility located in Chengdu, China. Additional
engineering, sales, warehouse, and logistics offices are located in Taipei; Hong Kong; Manchester;
and Munich, Germany; with support offices located throughout the world. For further information,
including SEC filings, visit the Company’s website at http://www.diodes.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any
statements set forth above that are not historical facts are forward-looking statements that
involve risks and uncertainties that could cause actual results to differ materially from those in
the forward-looking statements. Such statements include statements regarding our expectation that:
the Company is increasing its guidance for the third quarter of 2010 and now expects revenue to
range between $161 million and $166 million, or an increase of 8 to 11 percent sequentially,
compared to its previous guidance of $158 million to $164 million or an increase of 6 to 10 percent
sequentially; the Company also expects gross margin to range between 36.5 and 37.0 percent; and
previously the Company expected that gross profit would increase at a rate comparable to its
revenue growth or gross margin of 35.8 percent. Potential risks and uncertainties
include, but are not limited to, such factors as: we may not be able to maintain our current growth
strategy or continue to maintain our current performance and loadings in our manufacturing
facilities; risks of domestic and foreign operations; unfavorable currency exchange rates; our
future guidance may be incorrect; the global economic weakness may be more severe or last longer
than we currently anticipated; and other information detailed from time to time in the Company’s
filings with the United States Securities and Exchange Commission.
Recent news releases, annual reports, and SEC filings are available at the Company’s website:
http://www.diodes.com. Written requests may be sent directly to the Company, or they may be
e-mailed to: diodes-fin@diodes.com.
# # #
Company Contact:
|
Investor Relations Contact: | |
Carl Wertz
|
Shelton Group | |
VP, Finance and Investor Relations
|
Leanne K. Sievers | |
P: 805-446-4800
|
EVP, Investor Relations | |
E: carl_wertz@diodes.com
|
P: 949-224-3874 | |
| E: lsievers@sheltongroup.com |