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ADI > SEC Filings for ADI > Form 8-K on 1-Nov-2013All Recent SEC Filings

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Other Events, Financial Statements and Exhibits

Item 8.01. Other Events.

On October 31, 2013, Analog Devices, Inc. ("ADI") completed the previously announced sale of the assets and intellectual property related to ADI's microphone product line, pursuant to the Master Asset Purchase and Sale Agreement entered into with InvenSense, Inc. and its subsidiary InvenSense International, Inc. (collectively, "InvenSense"). The product line sold consists of analog and digital output microphones, and related support operations, primarily used in consumer applications. InvenSense paid consideration to ADI of $100 million in cash at closing. Potential additional amounts are payable to ADI upon achievement over 12 months of certain revenue milestones by InvenSense based on microphone sales.

A copy of the press release issued by ADI on November 1, 2013 concerning the completion of the foregoing transaction is filed herewith as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

Exhibit No. Description

99.1 Press Release, dated November 1, 2013

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