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
Date of Report: May 17, 2005
Simtek Corporation
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(Exact Name of Registrant as Specified in Charter)
Colorado 0-19027 84-1057605
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(State or other (Commission (IRS Employer
jurisdiction File Number) Identification #)
of incorporation)
4250 Buckingham Dr. #100
Colorado Springs, CO 80907
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(Address of Principal Executive Office)
(719) 531-9444
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(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-4(c))
Item 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
(c) On May 17, 2005, Mr. Blomquist was appointed acting Chief Financial Officer
of Simtek Corporation (the "Company"). Mr. Blomquist is currently the President
and Chief Executive Officer of the Company and has served as such since May 9,
2005. Mr. Blomquist has served as the Company's Chairman of the Board since
October 2003 and has served on the Company's board of directors from 1998 to
2001 and again from 2002 through the current period. Mr. Blomquist's current
term of office as a director expires in 2005. Mr. Blomquist has served as a
director on the Board of Microsemi, Inc. since February 2003 and as a consultant
to investors and technology companies in the semiconductor and electronic
components areas. In the past, he was employed as President and Chief Executive
Officer of Morpho Technologies, Inc. and Chief Executive Officer of Tower
Semiconductor, USA, Inc. Mr. Blomquist served as a member of the Board of
Directors of AMIS Holding Co. and as Senior Vice President of AMI
Semiconductors. Prior to joining AMI in April 1990, Mr. Blomquist held positions
in engineering, sales, and marketing for several semiconductor firms, including
Texas Instruments, Inmos Corporation and General Semiconductor. Mr. Blomquist
was granted a BSEE degree from the University of Utah and also attended the
University of Houston, where he pursued a joint Juris Doctor/MBA course of
study.
A brief description of the material terms of Mr. Blomquist's employment
agreement with the Company is set forth in Item 5.02(c) of the current report on
Form 8-K filed on May 12, 2005, which is herein incorporated by reference.
(d) On May 17, 2005, the Board of Directors of the Company elected Mr. Tom
Surrette to serve on the Company's Board of Directors. Mr. Surrette is an
executive with Cypress Semiconductor Corporation. Mr. Surrette will receive the
standard compensation that the directors of Simtek Corporation currently
receive. At this time, Mr. Surrette will not be a member of any of the Company's
board committees.
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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.
SIMTEK CORPORATION
By: /s/ Harold A. Blomquist
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Harold A. Blomquist, President, Chief
Executive Officer and Chief Financial
Officer (acting)
May 23, 2005
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