MICRON TECHNOLOGY INC - FORM 8-K - MarketScreener.com
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
MICRON TECHNOLOGY INC
FORM 8-K
(Current report filing)
Filed 09/20/18 for the Period Ending 09/20/18
Address 8000 S FEDERAL WAY
PO BOX 6
BOISE, ID, 83716-9632
Telephone 2083684000
CIK 0000723125
Symbol MU
SIC Code 3674 - Semiconductors and Related Devices
Industry Semiconductors
Sector Technology
Fiscal Year 08/29
http://www.edgar-online.com
© Copyright 2018, EDGAR Online, a division of Donnelley Financial Solutions. All Rights Reserved.
Distribution and use of this document restricted under EDGAR Online, a division of Donnelley Financial Solutions, Terms of Use.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
September 20, 2018
Date of Report (date of earliest event reported)
MICRON TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-10658 75-1618004
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)
8000 South Federal Way
Boise, Idaho 83716-9632
(Address of principal executive offices)
(208) 368-4000
(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 (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-4c))
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 September 20, 2018, Steven L. Thorsen, Jr. announced his intention to retire from Micron Technology, Inc. (the "Company”) in early November 2018. Mr.
Thorsen will serve as the Company's Senior Vice President of Worldwide Sales through September 30, 2018 and, to provide for an orderly transition of duties, as
an advisor to the Company from October 1, 2018, until his retirement date. The Company also announced that Mike Bokan will succeed Mr. Thorsen and serve as
Senior Vice President, Worldwide Sales effective as of October 1, 2018.
The press release related to Mr. Thorsen's retirement and Mr. Bokan’s appointment is included 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 Press release issued on September 20, 2018.SIGNATURE
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.
MICRON TECHNOLOGY, INC.
Date: September 20, 2018 By: /s/ David A. Zinsner
Name: David A. Zinsner
Title: Senior Vice President and Chief Financial OfficerINDEX TO EXHIBITS FILED WITH
THE CURRENT REPORT ON FORM 8-K
Exhibit Description
99.1 Press release issued on September 20, 2018.Exhibit 99.1
FOR IMMEDIATE RELEASE
Contacts: Farhan Ahmad David Oro
Investor Relations Media Relations
farhanahmad@micron.com davidoro@micron.com
(408) 834-1927 (707) 558-8585
Micron Appoints Mike Bokan as Senior Vice President, Worldwide Sales
Succeeds retiring Steve Thorsen
BOISE, Idaho, Sept. 20, 2018 - Micron Technology Inc. (Nasdaq: MU) announced today that the company has appointed Mike Bokan as
senior vice president of Worldwide Sales, effective Oct. 1, 2018. Bokan succeeds Steve Thorsen, who is retiring from Micron after 30 years
with the company but will remain as an adviser through early November 2018 to ensure a smooth transition. Bokan is being promoted to
senior vice president and will report directly to Micron President and CEO Sanjay Mehrotra.
“On behalf of the company, I want to thank Steve for his dedication to Micron’s success over the last three decades,” Mehrotra said. “He has
been instrumental to the company’s tremendous growth over the years. During his tenure as head of Worldwide Sales, the company has
enjoyed record sales, culminating in fiscal year 2018 revenue of over $30 billion. We wish Steve the very best in this next chapter of his life.”
“I am proud of my long career at Micron and have enjoyed building strong relationships with our customers around the world,” Thorsen said.
“Mike and I have worked closely for many years, and I am confident he will be highly successful in taking on the leadership of the
Worldwide Sales organization .”
Bokan is currently corporate vice president of Worldwide Sales at Micron. He joined the company in 1996 and held various sales
management positions before moving to Micron’s Crucial division, where he eventually became general manager. In 2003, Bokan took on the
role of director of Sales for Micron Technology. In 2007 he was promoted to senior director of Sales before becoming vice president of
Worldwide OEM Sales in 2008 and corporate vice president of Worldwide Sales in 2018.
“Mike has been a great part of our sales leadership team,” Mehrotra said. “ He has developed deep and trusted relationships with our OEM
and hyperscale customers, as well as with our distribution partners. This is a natural next step for him, and we look forward to his leadership
in driving our sales organization.”
“I am honored to follow in Steve’s footsteps and continue to broaden our market reach as memory and storage become increasingly critical to
our customers,” Bokan said. “Micron is very well-positioned to take advantage of the growing demand for our products and solutions. I look
forward to helping lead the company to the next level.”
Bokan earned a bachelor’s degree in business administration from Colorado State University.
Additional information on Bokan is available at http://www.micron.com/media .
About Micron Technology, Inc.
We are an industry leader in innovative memory and storage solutions. Through our global brands - Micron®, Crucial® and Ballistix® - our
broad portfolio of high-performance memory and storage technologies, including DRAM, NAND, NOR Flash and 3D XPoint™ memory, is
transforming how the world uses information to enrich life. Backed by 40 years of technology leadership, our memory and storage solutions
enable disruptive trends, including artificial intelligence, machine learning, and autonomous vehicles, in key market segments like cloud, data
center, networking and mobile. Our common stock is traded on the NASDAQ under the MU symbol. To learn more about Micron
Technology, Inc., visit www.micron.com .You can also read
