Micron Technology, Inc.
MICRON TECHNOLOGY INC (Form: 8-K, Received: 06/28/2017 14:47:58)


 
 
 
 
 



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


June 22, 2017
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))


 
 
 
 
 






Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 22, 2017, Brian M. Shirley’s position with Micron Technology, Inc. (the “Company”) changed from Vice President, Memory Solutions to Senior Vice President, DRAM & Emerging Memory Engineering.

Item 8.01
Other Events.

On June 23, 2017, Mr. Sumit Sadana joined the Company as Executive Vice President and Chief Business Officer and on June 26, 2017, Mr. Jeff VerHeul joined the Company as Senior Vice President, Non-Volatile Engineering. The press releases related to Messrs. Sadana and VerHeul joining the Company are included as Exhibit 99.1 and 99.2, respectively, 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 June 22, 2017
99.2
 
Press Release issued on June 26, 2017






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:
June 28, 2017
By:
/s/ Ernest E. Maddock
 
 
Name:
Ernest E. Maddock
 
 
Title:
Senior Vice President and Chief Financial Officer







INDEX TO EXHIBITS FILED WITH
THE CURRENT REPORT ON FORM 8-K DATED JUNE 22, 2017



Exhibit
 
Description
99.1
 
Press Release issued on June 22, 2017
99.2
 
Press Release issued on June 26, 2017





EXHIBIT 99.1
FOR IMMEDIATE RELEASE

Contacts:
Shanye Hudson
Marc Musgrove
 
Investor Relations
Public Relations
 
shudson@micron.com
mmusgrove@micron.com
 
(208) 492-1205
(208) 363-2405

Micron Appoints Sumit Sadana as EVP and Chief Business Officer
BOISE, Idaho (June 22, 2017) - Micron Technology, Inc., (Nasdaq: MU) today announced that the company has appointed Sumit Sadana as executive vice president and chief business officer. His addition to the executive team will accelerate the company’s ability to execute on its strategic goals.
In this role, all four business units of the company will report to Sadana. In addition, he will have responsibility for driving corporate strategy and business development for the company. He will report to Sanjay Mehrotra, Micron’s president and CEO.
Sadana has 26 years of experience in the semiconductor industry, including executive roles at IBM and Freescale Semiconductor, and served most recently as executive vice president, chief strategy officer and general manager, Enterprise Solutions at SanDisk.
The new integrated business and strategy organization aims to provide an agile structure to anticipate future customer demands and position the company for success.
“Sumit is a seasoned business leader who brings an exceptional track record of growing revenue and improving operating performance at leading technology companies,” said Sanjay Mehrotra, president and CEO of Micron Technology. “We are excited to welcome Sumit to the leadership team, and look forward to his immediate contributions.”
Sadana holds a master’s degree in electrical engineering from Stanford University. He serves on the boards of Silicon Laboratories (NASDAQ: SLAB) and the Second Harvest Food Bank.
Additional career information on Sumit Sadana is available at http://www.micron.com/media .

Micron Technology is a world leader in innovative memory solutions. Through our global brands - Micron, Crucial®, Lexar® and Ballistix® - our broad portfolio of high-performance memory technologies, including DRAM, NAND, NOR Flash and 3D XPoint™ memory, is transforming how the world uses information. Backed by more than 35 years of technology leadership, Micron's memory solutions enable the world's most innovative computing, consumer, enterprise storage, data center, mobile, embedded and automotive applications. Micron's common stock is traded on the Nasdaq under the MU symbol. To learn more about Micron Technology, Inc., visit micron.com.

# # #

The Micron logo and Micron symbol are trademarks of Micron Technology, Inc. All other trademarks are the property of their respective owners.





EXHIBIT 99.2
FOR IMMEDIATE RELEASE

Contacts:
Shanye Hudson
Marc Musgrove
 
Investor Relations
Public Relations
 
shudson@micron.com
mmusgrove@micron.com
 
(208) 492-1205
(208) 363-2405

Micron Announces Appointment of Jeff VerHeul as SVP of Non-Volatile Engineering

BOISE, Idaho (June 26, 2017) - Micron Technology, Inc., today announced the appointment of Jeff VerHeul as senior vice president, Non-Volatile Engineering, reporting to Sanjay Mehrotra, Micron president and CEO. VerHeul most recently was senior vice president, Corporate Engineering at SanDisk, where he was responsible for developing a broad array of flash products. 
VerHeul’s new role will drive greater focus on solid state drives (SSDs) and other value-added solutions based on Micron’s non-volatile memory technology to address the growing opportunity for these solutions in large market segments like cloud, enterprise, client and mobile.
VerHeul is a 36-year semiconductor industry veteran with deep and broad semiconductor knowledge and experience. He brings a unique combination of business acumen, technical understanding and systems development gained as an executive at leading technology companies including AMD, IBM, and SanDisk.
“We are excited to welcome Jeff to the team and look forward to him driving execution of our non-volatile memory product roadmap,” said Sanjay Mehrotra, Micron president and CEO.
Brian Shirley will continue to lead the DRAM engineering teams as senior vice president, DRAM and emerging memory engineering, also reporting to Mehrotra.
Additional career information on Jeff VerHeul is available at  http://www.micron.com/media

Micron Technology is a world leader in innovative memory solutions. Through our global brands - Micron, Crucial®, Lexar® and Ballistix® - our broad portfolio of high-performance memory technologies, including DRAM, NAND, NOR Flash and 3D XPoint™ memory, is transforming how the world uses information. Backed by more than 35 years of technology leadership, Micron's memory solutions enable the world's most innovative computing, consumer, enterprise storage, data center, mobile, embedded and automotive applications. Micron's common stock is traded on the Nasdaq under the MU symbol. To learn more about Micron Technology, Inc., visit micron.com.

# # #

The Micron logo and Micron symbol are trademarks of Micron Technology, Inc. All other trademarks are the property of their respective owners.