|
x
|
Annual Report pursuant to
Section 13 or 15(d) of the Securities Exchange Act of
1934
|
|
¨
|
Transition Report pursuant to
Section 13 or 15(d) of the Securities Exchange Act of
1934
|
California
|
94-2848099
|
(State or other jurisdiction
of incorporation or
organization)
|
(I.R.S.
Employer Identification Number)
|
1778
McCarthy Blvd Milpitas, California
|
95035
|
(Address
of principal executive offices)
|
(Zip
code)
|
Title
of each class
|
Name
of each exchange on which registered
|
|
Common
Stock, no par value
|
The
NASDAQ Stock Market LLC
|
DIRECTORS,
EXECUTIVE OFFICERS OF THE REGISTRANT AND CORPORATE
GOVERNANCE
|
Name
|
Age
|
Position(s) with the
Company
|
Thinh
Q. Tran
|
55
|
President,
Chief Executive Officer and Director
|
Thomas
E. Gay III
|
60
|
Chief
Financial Officer and Secretary
|
David
Lynch
|
53
|
Senior
Vice President of Sales and Marketing
|
Jacques
Martinella
|
53
|
Vice
President of Engineering
|
Kenneth
Lowe
|
53
|
Vice
President of Strategic Marketing
|
William
J. Almon (1)(2)(3)
|
76
|
Director
|
Julien
Nguyen (1)(2)(3)
|
52
|
Director
|
Lung
C. Tsai (1)(2)(3)
|
61
|
Director
|
EXECUTIVE
COMPENSATION
|
|
·
|
Attract and retain highly
qualified talent. We compete for talented executives
with leading technology companies worldwide along with both technology
start-ups and established businesses. Our compensation programs
allow us to attract and retain dynamic, experienced people who are
motivated by the challenges and opportunities of growing our
business.
|
|
·
|
Align the interests of our
executives with stockholders. We believe our programs
should reward our executive officers for contributions to increase our
shareholder value.
|
|
·
|
Manage resources
efficiently. Employee compensation is a significant
expense for us. We strive to manage our compensation programs
to balance our need to reward and retain executives with preserving
stockholder value.
|
|
·
|
Base
salary. The Committee believes that base salary should
provide executives with a predictable income sufficient to attract and
retain strong talent in a competitive marketplace. We generally
set executive base salaries at levels that we believe enable us to hire
and retain individuals in a competitive
environment.
|
|
·
|
Equity
Awards. The Committee believes that long-term equity
incentives, such as stock options that vest over a period of time, focus
executives on increasing long-term shareholder value and are key retention
devices for executives through use of multi-year vesting
periods.
|
|
·
|
Discretionary Cash Bonus
Awards. Our Committee has historically awarded cash
bonuses on occasion in recognition of strong company performance or to
reward significant individual contributions. Historically, our
Committee has retained the discretion to determine individual cash bonus
awards after the completion of a fiscal
year.
|
|
·
|
General
Benefits. We provide generally competitive benefits
packages, such as medical, life and disability insurance, to our
executives on the same terms as our other
employees.
|
Actel
Corp.
|
Advanced
Energy Inds Inc.
|
Anadigics
Inc.
|
Applied
Micro Circuits Corp.
|
Asyst
Technologies Inc.
|
Atheros
Communications, Inc.
|
Atmi
Inc.
|
Axcelis
Technologies Inc.
|
Cabot
Microelectronics Corp.
|
Cirrus
Logic Inc.
|
Cohu
Inc.
|
Diodes
Inc.
|
DSP
Group Inc.
|
Emcore
Corp.
|
Formfactor
Inc.
|
Hittie
Microwave Corp.
|
Integrated
Silicon Solution Inc.
|
Ixys
Corp.
|
Lattice
Semiconductor Corp.
|
Mattson
Technology Inc.
|
Micrel
Inc.
|
Microsemi
Corp.
|
Mindspeed
Technologies, Inc.
|
Monolithic
Power Systems, Inc.
|
Photronics
Inc.
|
PMC
Sierra Inc.
|
Power
Integrations Inc.
|
Rambus
Inc.
|
Rudolph
Technologies Inc.
|
Semitool
Inc.
|
Semtech
Corp.
|
Silicon
Image Inc.
|
Silicon
Laboratories Inc.
|
Silicon
Storage Technology
|
SiRF
Technology Holdings Inc.
|
Standard
Microsystems Corp
|
Tessera
Technologies Inc.
|
Trident
Microsystems Inc.
|
Triquent
Semiconductor Inc.
|
Ultra
Clean Holdings Inc.
|
Veeco
Instruments Inc.
|
Zoran
Corp.
|
FISCAL
2009 SUMMARY COMPENSATION
TABLE
|
Name
and Principal Position
|
Fiscal
Year
|
Salary
($)
|
Bonus
($)
|
Option
Awards ($)(1)
|
Non-Equity
Incentive Plan Compensation
|
All
Other Compensation ($)
|
Total
($)
|
|||||||
Thinh
Q. Tran
|
2009
|
547,500
|
—
|
2,924,490
|
—
|
23,021
|
(2)
|
3,495,011
|
||||||
President
and Chief Executive Officer
|
2008
|
420,538
|
100,000
|
740,456
|
—
|
21,583
|
(3)
|
1,282,577
|
||||||
2007
|
350,000
|
35,000
|
709,639
|
—
|
10,000
|
(4)
|
1,104,639
|
|||||||
Thomas
E. Gay III
|
2009
|
258,827
|
—
|
446,048
|
—
|
8,256
|
(5)
|
713,131
|
||||||
Chief
Financial Officer and Secretary
|
2008
|
165,385
|
(6)
|
25,000
|
(7)
|
295,674
|
—
|
433
|
(8)
|
486,492
|
||||
2007
|
—
|
—
|
—
|
—
|
—
|
—
|
||||||||
David
Lynch
|
2009
|
180,945
|
(9)
|
—
|
181,014
|
—
|
48,138
|
(10)
|
410,097
|
|||||
Senior
Vice President, Worldwide Sales
|
2008
|
—
|
—
|
—
|
—
|
—
|
—
|
|||||||
2007
|
—
|
—
|
—
|
—
|
—
|
—
|
||||||||
Jacques
Martinella
|
2009
|
258,827
|
—
|
267,166
|
—
|
6,289
|
(11)
|
532,282
|
||||||
Vice
President, Engineering
|
2008
|
242,008
|
—
|
161,322
|
—
|
962
|
(8)
|
404,292
|
||||||
2007
|
223,549
|
—
|
148,048
|
—
|
—
|
371,597
|
||||||||
Kenneth
Lowe
|
2009
|
207,062
|
—
|
234,347
|
—
|
4,980
|
(12)
|
446,389
|
||||||
Vice
President, Strategic Marketing
|
2008
|
192,597
|
—
|
139,029
|
—
|
308
|
(8)
|
331,934
|
||||||
2007
|
177,844
|
—
|
126,176
|
—
|
—
|
304,020
|
(1)
|
Amounts
listed in this column represent the compensation expense of option awards
recognized by the Company, before forfeitures, under FAS 123R for the
corresponding fiscal year, rather than amounts paid to or realized by the
named individual, and includes expense recognized in the corresponding
fiscal year for awards granted prior to such year. Please refer
to the footnotes to our consolidated financial statements in our 2008
Annual Report on Form 10-K and 2007 Annual Report on Form 10-K for the
underlying assumptions for this expense. There can be no
assurance that options will be exercised (in which case no value will be
realized by the individual) or that the value on exercise will approximate
the compensation expense recognized by
us.
|
(2)
|
Represents
$15,000 paid for annual retainer for
services on the Board of Directors, $6,007 for 401K match and $2,014 for
group term life insurance. As of October 28, 2008, Mr. Tran was
no longer paid additional compensation for serving on the board of
directors.
|
(3)
|
Represents
$20,000 paid for annual retainer for
services on the Board of Directors and $1,583 for 401K
match.
|
(4)
|
Represents
$10,000 paid for annual retainer for
services on the Board of Directors and no 401K match was paid in fiscal
2007.
|
(5)
|
Represents
$5,164 paid for 401K match and $3,092 for group term life
insurance.
|
(6)
|
Mr. Gay joined us as our Chief Financial Officer
on June 1, 2007.
|
(7)
|
Represents
amount paid as sign on bonus in connection with Mr. Gay’s acceptance of
employment with us.
|
(8)
|
Represents
amount paid as 401K match.
|
(9)
|
Mr. Lynch became our Senior Vice President on
September 1, 2008.
|
(10)
|
Represents
$3,947 paid for Registered Retirement Savings Plan match and $290 for
group term life insurance.
|
(11)
|
Represents
$5,212 paid for 401K match and $1,078 for group term life
insurance.
|
(12)
|
Represents
$3,903 paid for 401K match and $1,078 for group term life
insurance.
|
Estimated
Future Payouts under Non-Equity Incentive Plan Awards
|
All
Other Option Awards: Number of Securities Underlying
Options |
Exercise
or Base Price of Option Awards
|
Grant
Date Fair Value of Stock and Option Awards
|
|||||||||||||||||||||||
Name
|
Grant
Date
|
Threshold
|
Target
|
Maximum
|
(#)(1)
|
($/Sh) | (2) | |||||||||||||||||||
Thinh
Q. Tran
|
11/3/2008
|
— | — | — | 87,500 | $ | 10.87 | $ | 581,884 | |||||||||||||||||
President
and Chief Executive Officer
|
2/11/2008
|
— | — | — | 100,000 | $ | 41.58 | $ | 2,716,220 | |||||||||||||||||
Thomas
E. Gay III.
|
11/3/2008
|
— | — | — | 30,000 | $ | 10.87 | $ | 199,503 | |||||||||||||||||
Chief
Financial Officer and Secretary
|
||||||||||||||||||||||||||
David
Lynch
|
11/3/2008
|
— | — | — | 100,000 | $ | 10.87 | $ | 665,010 | |||||||||||||||||
Senior
Vice President, Worldwide Sales
|
||||||||||||||||||||||||||
Jacques
Martinella
|
11/3/2008
|
— | — | — | 30,000 | $ | 10.87 | $ | 199,503 | |||||||||||||||||
Vice
President, Engineering
|
||||||||||||||||||||||||||
Kenneth
Lowe
|
11/3/2008
|
— | — | — | 20,000 | $ | 10.87 | $ | 133,002 | |||||||||||||||||
Vice
President, Strategic Marketing
|
(1)
|
All
options listed are exercisable as to 20% of the shares on the first
anniversary of the grant date, with the remaining shares vesting ratably
each month thereafter over the following four years, except for Mr. Tran’s
.grant on February 11, 2009 that vested in full on the date of
grant. The option has a term of ten years, subject to earlier
termination in certain events relating to termination of
employment.
|
(2)
|
The
grant date fair value was determined under FAS 123R for financial
reporting purposes. Please refer to the footnotes to our consolidated
financial statements in our 2009 Annual Report on Form 10-K for the
underlying assumptions for this expense. There can be no
assurance that options will be exercised (in which case no value will be
realized by the individual) or that the value on exercise will approximate
the compensation expense recognized by
us.
|
Number
of
|
Number
of Securities
|
||||||||||
Securities
Underlying
|
Underlying
|
||||||||||
Unexercised
Options
|
Unexercised
Options
|
||||||||||
(#)
|
(#)
|
Option
Exercise
|
Option
Expiration
|
||||||||
Name
|
Exercisable
|
Unexercisable
|
Price
($)
|
Date
(1)
|
|||||||
Thinh
Q. Tran
|
45,833
|
—
|
$
|
3.50
|
5/31/2010
|
||||||
President
and Chief Executive Officer
|
31,667
|
—
|
$
|
1.25
|
11/7/2011
|
||||||
40,986
|
—
|
$
|
1.69
|
10/18/2012
|
|||||||
44,000
|
—
|
$
|
3.40
|
2/20/2013
|
|||||||
2,500
|
(2)
|
17,500
|
(2)
|
$
|
5.43
|
3/15/2010
|
|||||
2,500
|
(3)
|
52,500
|
(3)
|
$
|
9.89
|
(9)
|
|||||
58,000
|
(4)
|
62,000
|
(4)
|
$
|
11.06
|
8/25/2016
|
|||||
100,000
|
(5)
|
—
|
$
|
41.58
|
2/11/2018
|
||||||
—
|
87,500
|
(6)
|
$
|
10.87
|
11/3/2018
|
||||||
Thomas
E. Gay, III
|
38,000
|
(7)
|
82,000
|
(7)
|
$
|
28.63
|
6/1/2017
|
||||
Chief
Financial Officer
|
—
|
30,000
|
(6)
|
$
|
10.87
|
11/3/2018
|
|||||
David
Lynch
|
—
|
100,000
|
(6)
|
$
|
10.87
|
11/3/2018
|
|||||
Senior
Vice President, Worldwide Sales
|
|||||||||||
Jacques
Martinella
|
20,000
|
—
|
$
|
5.75
|
11/1/2009
|
||||||
Vice
President, Engineering
|
22,916
|
—
|
$
|
3.50
|
5/31/2010
|
||||||
1,000
|
—
|
$
|
1.69
|
10/18/2012
|
|||||||
9,166
|
—
|
$
|
3.40
|
2/20/2013
|
|||||||
500
|
(2)
|
3,500
|
(2)
|
$
|
5.43
|
3/15/2010
|
|||||
6,500
|
(3)
|
10,500
|
(3)
|
$
|
9.89
|
(10)
|
|||||
14,499
|
(4)
|
15,501
|
(4)
|
$
|
11.06
|
8/25/2016
|
|||||
5,133
|
(8)
|
16,867
|
(8)
|
$
|
45.83
|
11/5/2017
|
|||||
—
|
30,000
|
(6)
|
$
|
10.87
|
11/3/2018
|
||||||
Kenneth
Lowe
|
10,000
|
—
|
$
|
3.50
|
5/31/2010
|
||||||
Vice
President, Strategic Marketing
|
834
|
—
|
$
|
3.40
|
3/15/2009
|
||||||
5,417
|
(2)
|
2,917
|
(2)
|
$
|
5.43
|
(11)
|
|||||
5,416
|
(3)
|
8,751
|
(3)
|
$
|
9.89
|
(12)
|
|||||
12,082
|
(4)
|
12,918
|
(4)
|
$
|
11.06
|
8/25/2016
|
|||||
4,666
|
(8)
|
15,334
|
(8)
|
$
|
45.83
|
11/5/2017
|
|||||
—
|
20,000
|
(6)
|
$
|
10.87
|
11/3/2018
|
(1)
|
Except
as otherwise noted, the options have a term of 10 years, subject to
earlier termination in certain events relating to termination of
employment.
|
(2)
|
Exercisable
as to 20% of the shares on the first anniversary of 8/9/04, with the remaining shares vesting
ratably each month thereafter over the following four
years.
|
(3)
|
Exercisable
as to 20% of the shares on the first anniversary of 10/28/05, with the remaining shares vesting
ratably each month thereafter over the following four
years.
|
(4)
|
Exercisable
as to 20% of the shares on the first anniversary of 8/25/06, with the remaining shares vesting
ratably each month thereafter over the following four
years.
|
(5)
|
The
option was fully vested and fully exercisable on the date of grant,
February 11, 2008.
|
(6)
|
Exercisable
as to 20% of the shares on the first anniversary of 11/3/08, with the remaining shares vesting ratably
each month thereafter over the following four
years.
|
(7)
|
Exercisable
as to 20% of the shares on the first anniversary of 6/1/07, with the remaining shares vesting ratably
each month thereafter over the following four
years.
|
(8)
|
Exercisable
as to 20% of the shares on the first anniversary of 11/5/07, with the
remaining shares vesting ratably each month thereafter over the following
four years.
|
(9)
|
30,000
shares underlying this option expire on 3/15/10. 25,000 shares
underlying this option expire on
3/15/11.
|
(10)
|
6,000
shares underlying this option expire on 3/15/09. 6,000 shares
underlying this option expire on 3/15/10. 5,000 shares
underlying this option expire on
3/15/11.
|
(11)
|
5,000
shares underlying this option expire on 3/15/09. 3,334 shares
underlying this option expire on
3/15/10.
|
(12)
|
5,000
shares underlying this option expire on 3/15/09. 5,000 shares
underlying this option expire on 3/15/10. 4,167 shares
underlying this option expire on
3/15/11.
|
Option
Awards
|
||||
Name
|
Number
of Shares Acquired on Exercise (#)
|
Value
Realized on Exercise ($)(1)
|
||
Thinh
Q. Tran
|
221,240
|
6,477,005
|
||
President
and Chief Executive Officer
|
||||
Thomas
E. Gay III.
|
—
|
—
|
||
Chief
Financial Officer and Secretary
|
||||
David
Lynch
|
—
|
—
|
||
Senior
Vice President, Worldwide Sales
|
||||
Jacques
Martinella
|
29,168
|
808,166
|
||
Vice
President, Engineering
|
||||
Kenneth
Lowe
|
6,833
|
105,747
|
||
Vice
President, Strategic Marketing
|
|
|
(1)
|
The aggregate dollar value realized upon the
exercise of an option represents the difference between the market price
of the underlying shares on the date of exercise as measured by the
closing price on The NASDAQ Global Market and the exercise price of the
option, multiplied by the number of shares
exercised.
|
Name
|
Number of Options
|
Thinh
Q. Tran
|
219,500
|
President
and Chief Executive Officer
|
|
Thomas
E. Gay, III
|
112,000
|
Chief
Financial Officer
|
|
David
Lynch
|
100,000
|
Senior
Vice President, Worldwide Sales
|
|
Jacques
Martinella
|
76,368
|
Vice
President, Engineering
|
|
Kenneth
Lowe
|
59,920
|
Vice
President of Strategic Marketing
|
Director
|
Fees
Earned or Paid in Cash
($)(1)
|
Option
Awards
($)(2)(3)
|
Total
($)
|
|||||||||
William
J. Almon
|
$ | 25,000 | $ | 68,229 | $ | 93,229 | ||||||
Julien
Nguyen
|
25,000 | 56,400 | 81,400 | |||||||||
Lung
C. Tsai
|
25,000 | $ | 68,229 | 93,229 |
(1)
|
The amounts listed under “Fees Earned or Paid in
Cash” is based on actual payments made to our non-employee directors,
which consisted of the standard board retainer fee of $20,000 per year,
which was increased effective at the beginning of our last fiscal quarter
in fiscal 2009 to an annual retainer of $40,000 per year (paid
quarterly).
|
(2)
|
Amounts in this column represent the compensation
cost of stock option awards recognized during fiscal 2009 for the stock
option awards granted. The stock option awards granted prior to
fiscal 2008 have been accounted for using the intrinsic value measurement
provisions of APB No. 25 and the stock option awards granted in fiscal
2008 have been calculated in accordance with SFAS No.
123R (“SFAS 123R”) using the Black-Scholes option pricing model
which utilizes certain assumptions outlined in the footnotes to the
Company’s financial statements included in the Company’s Annual Report on
Form 10-K for the year ended January 31,
2009.
|
(3)
|
The grant date fair value of each stock option
award reflected in this column, computed in accordance with SFAS 123R, was
as follows: Mr. Almon $347,342, Mr. Nguyen $312,762 and Mr. Tsai
$341,711. The following number of option awards were held by
each director and outstanding as of January 31, 2009: Mr. Almon 10,000
shares, Mr. Nguyen 26,875 shares and Mr. Tsai 30,000
shares.
|
SECURITY
OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED
SHAREHOLDER MATTERS
|
Name
and Address of Beneficial Owner
|
Shares
Beneficially Owned(1)
|
Percentage
Beneficially Owned
|
||
5%
Shareholder
|
||||
Morgan
Stanley (2)
|
2,177,833
|
8.2%
|
||
Royce
& Associates, LLC (3)
|
2,781,696
|
10.5%
|
||
Named
Executive Officers, Directors and Nominees for Director
|
||||
Thinh
Q. Tran (4)
|
869,279
|
3.3%
|
||
Thomas
E. Gay III (5)
|
51,000
|
*
|
||
David
Lynch
|
—
|
*
|
||
Jacques
Martinella (6)
|
106,264
|
*
|
||
Kenneth
Lowe (7)
|
35,498
|
*
|
||
William
J. Almon (8)
|
98,297
|
*
|
||
Julien
Nguyen (9)
|
28,475
|
*
|
||
Lung
C. Tsai (10)
|
30,000
|
*
|
||
All
directors and executive officers as a group (8 persons)
(11)
|
1,218,813
|
4.6%
|
*
|
Represents
less than 1% of our Common
Stock.
|
(1)
|
The
persons named in the table have sole voting and investment power with
respect to all shares of Common Stock shown as beneficially owned by them,
subject to community property laws where applicable and the information
contained in the footnotes to this
table.
|
(2)
|
Based
on information contained in the Schedule 13G which was filed by this
stockholder pursuant to Section 13 of the Securities and Exchange Act of
1934, as amended, on February 17, 2009. The address of Morgan
Stanley is 1585 Broadway New York, NY
10036.
|
(3)
|
Based
on information contained in the Schedule 13G which was filed by this
stockholder pursuant to Section 13 of the Securities and Exchange Act of
1934, as amended, on January 30, 2009. 1414 Avenue of the
Americas, New York,
NY 10019
|
(4)
|
Includes
360,486 shares issuable upon exercise of outstanding options which were
exercisable at May 1, 2009 or within sixty (60) days thereafter; and
480,293 shares of Common Stock held by Thinh Q Tran’s family trust and
28,500 shares of Common Stock held by his three children’s trusts (9,500
shares each). Mr. Tran disclaims beneficial ownership of Common
Stock held by these trusts.
|
(5)
|
Includes
50,000 shares issuable upon the exercise of outstanding options which were
exercisable at May 1, 2009 or within sixty (60) days
thereafter.
|
(6)
|
Includes
82,548 shares issuable upon the exercise of outstanding options which were
exercisable at May 1, 2009 or within sixty (60) days
thereafter.
|
(7)
|
Includes
35,498 shares issuable upon the exercise of outstanding options which were
exercisable at May 1, 2009 or within sixty (60) days
thereafter.
|
(8)
|
Includes
10,000 shares issuable upon the exercise of outstanding options which were
exercisable at May 1, 2009 or within sixty (60) days
thereafter.
|
(9)
|
Includes
26,875 shares issuable upon the exercise of outstanding options which were
exercisable at May 1, 2008 or within sixty (60) days
thereafter.
|
(10)
|
Includes
30,000 shares issuable upon the exercise of outstanding options which were
exercisable at May 1, 2009 or within sixty (60) days
thereafter.
|
(11)
|
Includes
627,073 shares issuable upon the exercise of outstanding options held by
eight officers and directors which were exercisable at May 1, 2009 or
within sixty (60) days thereafter.
|
Number
of securities to be issued upon exercise of outstanding options, warrants,
and rights
|
Weighted-average
exercise price of outstanding options, warrants, and
rights
|
Number
of securities remaining available for future issuance under equity
compensation plans (excluding securities reflected in column
(a)(1)(2)(3)
|
||||||||||
Plan
Category
|
(a)
|
(b)
|
(c)
|
|||||||||
Equity
Compensation Plans approved by security holders
|
4,457,757 | $ | 17.50 | 164,810 | ||||||||
Equity
Compensation Plans not approved by security holders
|
— | — | — | |||||||||
Totals
|
4,457,757 | $ | 17.50 | 164,810 |
(1)
|
The
2001 Stock Plan contains a provision that automatically increases the
number of shares reserved for issuance on the first day of the Company’s
fiscal year of each succeeding year by the lesser of (i) 1,000,000 shares,
(ii) 4% of our outstanding Common Stock on the first day of the fiscal
year or (iii) the number of shares determined by the board of
directors. On February 1, 2009, the number of securities
remaining available for future issuance under equity compensation plans
increased by 1,000,000 shares.
|
(2)
|
The
2001 Employee Stock Purchase Plan contains a provision that automatically
increases the number of shares reserved for issuance on the first day of
the Company’s fiscal year of each succeeding year by the lesser of (i)
500,000 shares, (ii) 2% of our outstanding Common Stock on the first day
of the fiscal year or (iii) the number of shares determined by the board
of directors. On February 1, 2009, the number of securities
remaining available for future issuance under 2001 Employee Stock Purchase
Plan increased by 300,000 shares.
|
(3)
|
The
2003 Director Stock Option Plan was adopted to replace the predecessor
1994 Director Stock Option Plan which expired in fiscal
2005.
|
CERTAIN
RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR
INDEPENDENCE
|
PRINCIPAL
ACCOUNTING FEES AND SERVICES
|
2009
|
2008
|
|||||||
Audit
fees (1)
|
2,519,000 | 2,076,000 | ||||||
Audit-related
fees (2)
|
— | 301,000 | ||||||
Tax
fees (3)
|
357,000 | 299,000 | ||||||
Total
|
2,876,000 | 2,676,000 |
|
(1)
|
Audit
fees represent fees for professional services provided in connection with
their audit of the Company’s consolidated financial statements, their
audit of management’s assessment of the effectiveness of internal control
over financial reporting and the effectiveness of internal control over
financial reporting, reviews of the consolidated financial statements
included in its quarterly reports on Form 10-Q and related statutory and
regulatory filings.
|
|
(2)
|
The
audit-related fees as of the year ended February 2, 2008 were for services
related to Company’s registration statement on Form S-1, that are not
included in the “audit fees”.
|
|
(3)
|
Tax
fees represent fees for professional services related to tax compliance,
tax advice and tax planning.
|
Exhibit No.
|
Description
|
31.1
|
Certification
Pursuant to Rule 13a-14(a) and 15d-14(a), as adopted pursuant to section
302 of the Sarbanes-Oxley Act of 2002*
|
31.2
|
Certification
Pursuant to Rule 13a-14(a) and 15d-14(a), as adopted pursuant to section
302 of the Sarbanes-Oxley Act of
2002*
|
SIGMA
DESIGNS, INC.
|
||
By:
|
/s/ Thinh Q.
Tran
|
|
Thinh
Q. Tran
|
||
Chairman
of the Board,
|
||
President
and Chief Executive
Officer
|
Signature
|
Title
|
Date
|
||
/s/
Thinn Q. Tran
|
||||
Thinh
Q. Tran
|
Chairman
of the Board, President, and Chief Executive Officer (Principal Executive
Officer)
|
May
29, 2009
|
||
/s/
Thomas E. Gay III
|
||||
Thomas
E. Gay III
|
Chief
Financial Officer and Secretary (Principal Financial and Accounting
Officer)
|
May
29, 2009
|
||
/s/
William J. Almon
|
||||
William
J. Almon
|
Director
|
May
29, 2009
|
||
/s/
Julien Nguyen
|
||||
Julien
Nguyen
|
Director
|
May
29, 2009
|
||
/s/
Lung C. Tsai
|
||||
Lung
C. Tsai
|
Director
|
May
29, 2009
|