form8k061008.htm
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
CREE,
INC.
(Exact
name of registrant as specified in its charter)
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North
Carolina
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0-21154
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56-1572719
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(State
or other jurisdiction of
incorporation)
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(Commission
File
Number)
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(I.R.S.
Employer
Identification
Number)
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4600
Silicon Drive
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Durham,
North Carolina
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27703
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(Address
of principal executive offices)
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(Zip
Code)
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(919)
313-5300
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 obligation 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))
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Item
5.02
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
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The Board of
Directors of Cree, Inc. (the “Company”) previously adopted Corporate Governance
Guidelines as amended through January 30, 2007 (the “Guidelines”), which are
available on the Company’s website at www.cree.com under
“Investor Relations.” Section 9 of the Guidelines provides that a
director who holds an executive position with another company is required, upon
termination of the relationship for any reason, to tender his or her resignation
from the Company’s Board of Directors, which resignation is to be effective only
if and when it is accepted by the Company’s Board of Directors.
Consistent
with Section 9 of the Guidelines, Clyde R. Hosein tendered his resignation from
the Company’s Board of Directors on June 6, 2008, as he is resigning his
position as chief financial officer of Integrated Device Technology, Inc.
effective June 13, 2008. Mr. Hosein has been appointed as chief
financial officer of Marvell Technology Group Ltd. (“Marvell”) effective as of
June 23, 2008. Marvell is a semiconductor provider of
high-performance analog, mixed-signal, digital signal processing and embedded
microprocessor integrated circuits. Marvell does not compete with the
Company and the Company has no transactions with Marvell. The
Company’s Board of Directors, with Mr. Hosein abstaining, voted to decline to
accept Mr. Hosein’s tendered resignation.
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.
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CREE,
INC.
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By:
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/s/
John T. Kurtzweil |
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John
T. Kurtzweil
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Executive
Vice President - Finance
and
Chief Financial Officer
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