SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
For the month of August 2009 No. 10
TOWER SEMICONDUCTOR
LTD.
(Translation of
registrants name into English)
Ramat Gavriel Industrial Park
P.O. Box 619, Migdal Haemek, Israel 23105
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No x
On August 27, 2009, the registrant announces that it has regains compliance with $1.00 Nasdaq Minimum Closing Bid Price.
This Form 6-K is being incorporated by reference into all effective registration statements filed by us under the Securities Act of 1933.
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, thereunto duly authorized.
Date: August 27, 2009 |
TOWER SEMICONDUCTOR LTD. By: /s/ Nati Somekh Gilboa Nati Somekh Gilboa Corporate Secretary |
Tower
Semiconductor Regains Compliance with $1.00
Nasdaq Minimum Closing Bid Price
Completed
the requirement on August 25, 2009, and received a letter from Nasdaq confirming it
regained compliance
MIGDAL HAEMEK, Israel,
August 27, 2009 Tower Semiconductor, Ltd. (Nasdaq: TSEM, TASE: TSEM), a
leading global specialty foundry, today announced that it has received a letter dated
August 26, 2009 from the Listing Qualifications Department of the NASDAQ Stock Market
(Nasdaq), according to which Nasdaq confirmed that the Company has regained compliance
with the $1.00 minimum closing bid price requirement for continued listing on The NASDAQ
Global Market under Listing Rule 5450(a)(1) (formerly Marketplace Rule 4450(a)(5)).
Pursuant to Nasdaqs rules, the Company was required to evidence a closing bid price
of at least $1.00 per share for 10 consecutive trading days. Tower completed the
requirement on August 25, 2009, and the Company believes it currently meets all
requirements for continued listing on the Nasdaq Global Market.
The Companys ordinary shares
continue to be listed on The NASDAQ Global Market and its ticker symbol of TSEM remains
unchanged.
About Tower
Semiconductor, Ltd. and Jazz Semiconductor, Inc.
Tower Semiconductor Ltd. (NASDAQ:
TSEM, TASE: TSEM) is a global specialty foundry leader and its fully owned subsidiary Jazz
Semiconductor, a Tower Group Company is a leader in Analog-Intensive Mixed-Signal (AIMS)
foundry solutions. Tower and Jazz manufacture integrated circuits with geometries
ranging from 1.0 to 0.13-micron and provide industry leading design enablement tools to
allow complex designs to be achieved quickly and more accurately. Tower and Jazz offer a
broad range of process technologies including Digital, Mixed-Signal and RFCMOS, HV CMOS,
Power Management, Non-Volatile Memory (NVM), Embedded NVM, MEMS, and CMOS Image Sensors.
To provide world-class customer service, Tower maintains two manufacturing facilities in
Israel; Jazz maintains a fab in the U.S. and additional manufacturing capacity is
available in China through partnerships with ASMC and HHNEC. For more information, please
visit www.towersemi.com and www.jazzsemi.com.
Safe Harbor Regarding
Forward-Looking Statements
This press release includes
forward-looking statements, which are subject to risks and uncertainties. Actual
results may vary from those projected or implied by such forward-looking statements.
A complete discussion of risks and uncertainties that may affect the accuracy of
forward-looking statements included in this press release or which may otherwise affect
Towers and Jazzs business is included under the heading Risk
Factors in Towers most recent filings on Forms 20-F, F-3, F-4 and 6-K, as were
filed with the Securities and Exchange Commission (the SEC) and the Israel
Securities Authority and Jazzs most recent filings on Forms 10-K and 10-Q, as were
filed with the SEC. Tower and Jazz do not intend to update, and expressly disclaim any
obligation to update, the information contained in this release.
Contact: |
Tower Semiconductor | GK Investor Relations |
Noit Levi, +972 4 604 7066 | Kenny Green, (646) 201 9246 |
noitle@towersemi.com | info@gkir.com |