d8k4232012voting.htm
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 (DATE OF EARLIEST EVENT REPORTED): April 19, 2012



TEXAS INSTRUMENTS INCORPORATED
(Exact name of registrant as specified in charter)
 
         
DELAWARE
  
001-03761
  
75-0289970
(State or other jurisdiction of incorporation)
  
(Commission file number)
  
(I.R.S. employer identification no.)
 
12500 TI BOULEVARD
P.O. BOX 660199
DALLAS, TEXAS 75266-0199
(Address of principal executive offices)
 
Registrant’s telephone number, including area code: (972) 995-3773
 



 
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
¨
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 5.07.  Submission of Matters to a Vote of Security Holders.

At the annual meeting of stockholders held on April 19, 2012, the stockholders elected TI’s Board of Directors and voted upon two Board proposals contained within our Proxy Statement dated March 6, 2012.

The Board nominees were elected with the following vote:

Nominee
 
For
 
Against
Abstentions
Broker
Non-Votes
         
Ralph W. Babb
899,654,096
4,539,523
1,410,650
105,545,151
Daniel A. Carp
894,444,546
9,740,653
1,419,070
105,545,151
Carrie S. Cox
877,697,613
26,465,016
1,441,640
105,545,151
Pamela H. Patsley
885,948,176
18,276,422
1,379,671
105,545,151
Robert E. Sanchez
899,624,276
4,536,665
1,443,328
105,545,151
Wayne R. Sanders
895,103,816
9,079,728
1,420,725
105,545,151
Ruth J. Simmons
877,463,466
26,778,154
1,362,649
105,545,151
Richard K. Templeton
880,466,387
23,649,064
1,488,818
105,545,151
Christine Todd Whitman
898,485,554
5,782,807
1,335,908
105,545,151


The stockholders voted on the following proposals and cast their votes as described below:

Proposal
 
For
 
Against
Abstentions
Broker
Non-Votes
         
Board proposal regarding advisory approval of the
company’s executive compensation
860,897,041
39,516,225
5,191,003
105,545,151


Proposal
 
For
 
Against
Abstentions
       
Board proposal to ratify the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm for 2012
998,368,456
11,155,140
1,625,824

 
 
 

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995:
 
This report includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995.  These forward-looking statements generally can be identified by phrases such as TI or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import.  Similarly, statements herein that describe TI’s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements.  All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
 
We urge you to carefully consider the following important factors that could cause actual results to differ materially from the expectations of TI or its management:

 
•
Market demand for semiconductors, particularly in key markets such as communications, computing, industrial and consumer electronics;
 
•
TI’s ability to maintain or improve profit margins, including its ability to utilize its manufacturing facilities at sufficient levels to cover its fixed operating costs, in an intensely competitive and cyclical industry;
 
•
TI’s ability to develop, manufacture and market innovative products in a rapidly changing technological environment;
 
•
TI’s ability to compete in products and prices in an intensely competitive industry;
 
•
TI’s ability to maintain and enforce a strong intellectual property portfolio and obtain needed licenses from third parties;
 
•
Expiration of license agreements between TI and its patent licensees, and market conditions reducing royalty payments to TI;
 
•
Economic, social and political conditions in the countries in which TI, its customers or its suppliers operate, including security risks, health conditions, possible disruptions in transportation networks and fluctuations in foreign currency exchange rates;
 
•
Natural events such as severe weather and earthquakes in the locations in which TI, its customers or its suppliers operate;
 
•
Availability and cost of raw materials, utilities, manufacturing equipment, third-party manufacturing services and manufacturing technology;
 
•
Changes in the tax rate applicable to TI as the result of changes in tax law, the jurisdictions in which profits are determined to be earned and taxed, the outcome of tax audits and the ability to realize deferred tax assets;
 
•
Changes in laws and regulations to which TI or its suppliers are or may become subject, such as those imposing fees or reporting or substitution costs relating to the discharge of emissions into the environment or the use of certain raw materials in our manufacturing processes;
 
•
Losses or curtailments of purchases from key customers and the timing and amount of distributor and other customer inventory adjustments;
 
•
Customer demand that differs from our forecasts;
 
•
The financial impact of inadequate or excess TI inventory that results from demand that differs from projections;
 
•
Impairments of our non-financial assets;
 
•
Product liability or warranty claims, claims based on epidemic or delivery failure or recalls by TI customers for a product containing a TI part;
 
•
TI’s ability to recruit and retain skilled personnel;
 
•
Timely implementation of new manufacturing technologies, installation of manufacturing equipment and the ability to obtain needed third-party foundry and assembly/test subcontract services;
 
•
TI’s obligation to make principal and interest payments on its debt; and
 
•
TI’s ability to successfully integrate National Semiconductor’s operations, product lines and technologies, and to realize opportunities for growth and cost savings from the acquisition.

For a more detailed discussion of these factors, see the Risk Factors discussion in Item 1A of TI’s most recent Form 10-K.  The forward-looking statements included in this report on Form 8-K are made only as of the date of this report and TI undertakes no obligation to update the forward-looking statements to reflect subsequent events or circumstances.


 
SIGNATURES
 
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.
 
         
 
  
TEXAS INSTRUMENTS INCORPORATED
     
Date: April 23, 2012
  
By:
  
/s/ JOSEPH F. HUBACH
 
  
  
  
Joseph F. Hubach
 
  
  
  
Senior Vice President, Secretary and General Counsel