QuickLogic Corporation
QUICKLOGIC CORPORATION (Form: 8-K, Received: 01/03/2017 14:29:22)


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) January 3, 2017
QuickLogic Corporation
(Exact name of registrant as specified in its charter)
 
 
 
 
 
Delaware
 
000-22671
 
77-0188504
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
 
1277 Orleans Drive,
Sunnyvale, CA
 
 
 
94089-1138
(Address of principal executive offices)
 
 
 
(Zip Code)
Registrant’s telephone number, including area code (408) 990-4000
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 (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))

1



Item 8.01 Other Events.

On January 3, 2017, Quick    Logic Corporation (the "Company") issued a press release announcing that it has received a letter dated December 29, 2016 from the NASDAQ Listing Qualifications notifying the Company that it has regained compliance with the requirement of the NASDAQ Global Market to maintain a minimum bid price of $1.00 per share, as set forth in NASDAQ Listing Rule 5450 (a) (1). A copy of this press release is filed herewith as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.
(d) Exhibits

99.1 Press Release of QuickLogic Corporation dated January 3, 2017

2



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.
 
 
 
 
 
 
 
 
Date: January 3, 2017
 
 
 
 
 
QuickLogic Corporation
 
 
 
 
 
 
 
 
 
 
/s/ Suping (Sue) Cheung
 
 
 
 
 
 
Suping (Sue) Cheung
 
 
 
 
 
 
Vice President, Finance and Chief Accounting Officer


3


Exhibit 99.1
  IMAGE0.JPG
Contacts:
Sue Cheung Vice President, Finance and Chief Accounting Officer (408) 990-4000 scheung@quicklogic.com
Andrea Vedanayagam
Veda Communications
(408) 656-4494
ir@quicklogic.com

   
QuickLogic Regains Compliance with NASDAQ
Minimum Bid Price Listing Requirement

    
Sunnyvale, CA - January 3, 2017 - QuickLogic Corporation (NASDAQ: QUIK), a developer of ultra-low power programmable sensor processing SoCs, display bridges, FPGAs, and embedded FPGA IP, today announced that it has received a letter dated December 29, 2016 from the NASDAQ Listing Qualifications notifying the Company that it has regained compliance with the requirement of the NASDAQ Global Market to maintain a minimum bid price of $1.00 per share.

The letter noted that as of December 28, 2016, the Company evidenced a closing bid price of its common stock in excess of the $1.00 minimum requirement for at least ten consecutive trading days. Accordingly, the Company has regained compliance with NASDAQ Market Place rule 5450(a) (1) and NASDAQ considers the matter closed.

About QuickLogic
QuickLogic Corporation (NASDAQ: QUIK) enables OEMs to maximize battery life for highly differentiated, immersive user experiences with smartphone, wearable and IoT devices. QuickLogic delivers these benefits through industry leading ultra-low power customer programmable SoC semiconductor solutions, embedded software, and algorithms for always-on voice and sensor processing. The company's embedded FPGA initiative also enables SoC designers to easily implement post production changes, and increase revenue by providing hardware programmability to their end customers. For more information about QuickLogic, visit www.quicklogic.com .

The QuickLogic logo and QuickLogic are registered trademarks of QuickLogic Corporation. All other brands or trademarks are the property of their respective holders and should be treated as such.

Code: QUIK-G


###