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): September 1, 2026
Skyworks
Solutions, Inc.
(Exact name of registrant as specified in its
charter)
| Delaware |
|
001-05560 |
|
04-2302115 |
(State or other jurisdiction
of
incorporation) |
|
(Commission File Number) |
|
(IRS Employer Identification
No.) |
5260
California Avenue
Irvine,
CA 92617
(Address
of principal executive office) (Zip Code)
(949)
231-3000
(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:
x 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, Par Value $0.25 per share |
|
SWKS |
|
Nasdaq
Global Select Market |
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. ¨
Exchange Offers Expiration Date
On
September 1, 2026, Skyworks Solutions, Inc. (“Skyworks”) issued a press release (the “Press Release”) announcing
the extension of the Expiration Date (as defined in the Prospectus (as defined below)) of its previously announced offers to exchange
any and all of the outstanding 4.375% Senior Notes due 2029 (the “2029 Qorvo Notes”) issued by Qorvo, Inc. (“Qorvo”)
and any and all of the outstanding 3.375% Senior Notes due 2031 (together with the 2029 Qorvo Notes, the “Qorvo Notes”) issued
by Qorvo (such offers to exchange, the “Exchange Offers”). The Exchange Offers, which are being made pursuant to the terms
and subject to the conditions set forth in Skyworks’ registration statement on Form S-4, which was declared effective on May 29,
2026, and the related final prospectus filed with the U.S. Securities and Exchange Commission on May 29, 2026 (as it may be amended or
supplemented from time to time, the “Prospectus”), were previously scheduled to expire at 5:00 p.m., New York City time,
on September 1, 2026, and will now expire at 5:00 p.m., New York City time, on September 11, 2026, unless the Exchange
Offers are further extended or earlier terminated or otherwise amended (as it may be extended or otherwise amended, the “Expiration
Date”). Skyworks is hopeful that the Mergers (as defined in the Prospectus) will close within the calendar year (subject to satisfaction
or waiver of all closing conditions) and is preparing to close as early as within the fiscal year. However, there can be no assurances
that the closing will occur on this timeline. All other terms and conditions of the Exchange Offers as set forth in the Prospectus remain
in full force and effect. Any further extension of the Expiration Date will be announced by press release and may not be accompanied by
an additional Current Report on Form 8-K.
A copy of the Press Release is attached hereto
as Exhibit 99.1 and is incorporated into this Item 8.01 by reference.
Safe Harbor Statement
This report includes “forward-looking statements.”
Forward-looking statements relate to future events, including, but not limited to, the Exchange Offers and the Mergers, as applicable.
These forward-looking statements include information relating to future events, prospects, expectations and results of Skyworks (e.g.,
certain projections and business trends, including with respect to future sales and revenue, as well as plans for dividend payments).
Forward-looking statements can often be identified by words such as “anticipates,” “estimates,” “expects,”
“forecasts,” “intends,” “believes,” “plans,” “may,” “will” or
“continue,” and similar expressions and variations or negatives of these words. All such statements are subject to certain
risks, uncertainties and other important factors that could cause actual results to differ materially and adversely from those projected
and may affect Skyworks’ future operating results, financial position and cash flows.
These risks, uncertainties and other important
factors include: the risks of doing business internationally, including from trade war or trade protection measures (e.g., tariffs, retaliatory
tariffs and other countermeasures or taxes), increased import/export restrictions and controls (e.g., Skyworks’ ability to obtain
foreign-sourced raw materials, including from Chinese-based sources, as well as Skyworks’ ability to sell products to certain specified
foreign entities only pursuant to a limited export license from the U.S. Department of Commerce), the susceptibility of the semiconductor
industry and the markets addressed by Skyworks’, and Skyworks’ customers’, products to economic cycles or changes in
economic conditions, including inflation and recession that could result from trade war or trade protection measures; Skyworks’
reliance on a small number of key customers for a large percentage of Skyworks’ sales; decreased gross margins and loss of market
share as a result of increased competition; Skyworks’ ability to obtain design wins from customers; Skyworks’ ability to convert
design wins into revenue; market acceptance of Skyworks’ products and Skyworks’ customers’ products, including market
acceptance of new, emerging technologies such as AI; the mix and volume of phone models sold by Skyworks’ largest customer; the
potential impacts on Skyworks’ business, reputation, relationships, results of operations, cash flows and financial condition as
a result of the Mergers and related transactions with Qorvo; the possibility that expected benefits related to such transactions with
Qorvo may not materialize as expected; such transactions with Qorvo being timely completed, if completed at all; regulatory approvals
required for the Mergers and related transactions not being timely obtained, if obtained at all, or being obtained subject to conditions;
Skyworks or Qorvo’s business experiencing disruptions as a result of the Mergers and related transactions or due to transaction-related
uncertainty or other factors making it more difficult to maintain relationships with employees, customers, other business partners or
governmental entities; Skyworks and Qorvo being unable to successfully implement integration strategies or to achieve expected synergies
and operating efficiencies within the expected time-frames or at all; the costs, fees, expenses and other charges related to the Mergers
and related transactions with Qorvo, including with respect to any related litigation; reduced flexibility in operating Skyworks’
business as a result of the substantial amount of additional indebtedness Skyworks has incurred and expects to incur in connection with
the Mergers and related transactions; delays in the deployment of commercial 5G networks or in consumer adoption of 5G-enabled devices;
the volatility of Skyworks’ stock price; changes in laws, regulations and/or policies that could adversely affect Skyworks’
operations and financial results, the economy and Skyworks’ customers’ demand for Skyworks’ products, or the financial
markets and Skyworks’ ability to raise capital; fluctuations in Skyworks’ manufacturing yields due to Skyworks’ complex
and specialized manufacturing processes; Skyworks’ ability to develop, manufacture and market innovative products, avoid product
obsolescence, reduce costs in a timely manner, transition Skyworks’ products to smaller geometry process technologies and achieve
higher levels of design integration; the quality of Skyworks’ products and any defect remediation costs; Skyworks’ products’
ability to perform under stringent operating conditions; the availability and pricing of third-party semiconductor foundry, assembly and
test capacity, raw materials, including rare earth and similar minerals, supplier components, equipment and shipping and logistics services,
including limits on Skyworks’ customers’ ability to obtain such services and materials; risks that Skyworks may not be able
to optimize Skyworks’ manufacturing footprint and achieve any financial and operational benefits from such efforts, including reducing
fixed costs or improving utilization rates, disruptions to Skyworks’ manufacturing processes, including relating to any relocation
of Skyworks’ key facilities; Skyworks’ ability to successfully manage Skyworks’ senior management transitions; Skyworks’
ability to retain, recruit and hire key executives or the departure of any such executives, technical personnel and other employees in
the positions and numbers, with the experience and capabilities, and at the compensation levels needed to implement Skyworks’ business
and product plans; the timing, rescheduling or cancellation of significant customer orders and Skyworks’ ability, as well as the
ability of Skyworks’ customers, to manage inventory; other economic, social, military and geopolitical conditions in the countries
in which Skyworks, Skyworks’ customers or Skyworks’ suppliers operate, including the conflicts in Ukraine, Iran and other
regions in the Middle East, possible disruptions in transportation networks, and fluctuations in foreign currency exchange rates; the
effects of global health crises on business conditions in Skyworks’ industry, including the risk of significant disruptions to Skyworks’
business operations, as well as negative impacts to Skyworks’ financial condition; Skyworks’ ability to prevent theft of Skyworks’
intellectual property, disclosure of confidential information or breaches of Skyworks’ information technology systems; uncertainties
of litigation, including Skyworks’ ongoing securities litigation, potential disputes over intellectual property infringement and
rights, as well as payments related to the licensing and/or sale of such rights; Skyworks’ ability to continue to grow and maintain
an intellectual property portfolio and obtain needed licenses from third parties; Skyworks’ ability to make certain investments
and acquisitions, integrate companies Skyworks acquires and/or enter into strategic alliances; and other risks and uncertainties, including
those detailed from time to time in Skyworks’ filings with the Securities and Exchange Commission.
The forward-looking statements contained in this
report are made only as of the date hereof, and Skyworks undertakes no obligation to update or revise the forward-looking statements,
whether as a result of new information, future events or otherwise.
Important Information About the Mergers and Where to Find It
In connection with the Mergers, Skyworks has filed
with the SEC a registration statement on Form S-4, which includes a proxy statement of Qorvo that also constitutes a prospectus for the
shares of Skyworks common stock to be offered in the Mergers (collectively, the “Mergers Registration Statement and Proxy Statement/Prospectus”).
Each of Skyworks and Qorvo may also file other relevant documents with the SEC regarding the Mergers. This report is not a substitute
for the proxy statement/prospectus or registration statement or any other document that Skyworks or Qorvo may file with the SEC. INVESTORS
AND SECURITY HOLDERS ARE URGED TO READ THE MERGERS REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS
THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY
BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT SKYWORKS, QORVO, THE MERGERS AND RELATED MATTERS. Investors
and security holders can obtain free copies of the registration statement and proxy statement/prospectus and other documents containing
important information about Skyworks, Qorvo and the Mergers filed with the SEC through the website maintained by the SEC at www.sec.gov.
The documents filed by Skyworks with the SEC also may be obtained free of charge at Skyworks’ website at https://www.skyworksinc.com/investors
or upon written request to Skyworks at investor.relations@skyworksinc.com. The documents filed by Qorvo with the SEC also may be obtained
free of charge at Qorvo’s website at https://ir.qorvo.com/ or upon written request to Qorvo at investor-relations@qorvo.com.
|
Item 9.01 |
Financial Statements and Exhibits |
(d) Exhibits
Exhibit
Number |
|
Description |
| 99.1 |
|
Registrant’s Press Release, dated September 1, 2026 |
| |
|
|
| 104 |
|
Cover Page Interactive Data File (formatted as Inline XBRL with applicable taxonomy extension information contained in Exhibit 101) |
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.
September 2, 2026
| |
Skyworks Solutions, Inc. |
| |
|
| |
By: |
/s/ Philip Carter |
| |
|
Name: Philip Carter |
| |
|
Title: Senior Vice President and Chief Financial Officer |