UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 7)
Cirrus Logic Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
172755100
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(CUSIP Number)
Alfred Teo
Alpha Industries, Inc.
Page & Schuyler Avenues
P.O. Box 808
Lyndhurst, N.J. 07071
(201) 933-6000
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 4, 2000
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sec.Sec.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. [ ]
<PAGE>
CUSIP No. 172755100
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1. Names of Reporting Person I.R.S. Identification Nos. of above persons
(entities only). Alfred Teo; SSN: ###-##-####
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
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(b) XX
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3. SEC Use Only
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4. Source of Funds (See Instructions) PF
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5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e)
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6. Citizenship or Place of Organization USA
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Number of 7. Sole Voting Power 111,000
Shares ------------------------------------
Beneficially ---------------------------------------------------------------
Owned 8. Shared Voting Power 6,562,100
By ------------------------------------
Each ---------------------------------------------------------------
Reporting 9. Sole Dispositive Power 111,000
Person ---------------------------------
With ---------------------------------------------------------------
10. Shared Dispositive Power 6,562,100
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11. Aggregate Amount Owned by Each Reporting Person 6,673,100
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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13. Percent of Class Represented by Amount in Row (11) 8.4% (1)
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14. Type of Reporting Person (See Instructions) IN
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(1) Based on 79,022,442 shares outstanding as of December 30, 2000 according to
the Issuer's Transfer Agent.
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<PAGE>
CUSIP No. 172755100
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1. Names of Reporting Person I.R.S. Identification Nos. of above persons
(entities only). Annie Teo; SSN: ###-##-####
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
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(b) XX
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3. SEC Use Only
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4. Source of Funds (See Instructions) PF
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5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e)
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6. Citizenship or Place of Organization USA
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Number of 7. Sole Voting Power 0
Shares ------------------------------------
Beneficially ---------------------------------------------------------------
Owned 8. Shared Voting Power 6,562,100
By ------------------------------------
Each ---------------------------------------------------------------
Reporting 9. Sole Dispositive Power 0
Person ---------------------------------
With ---------------------------------------------------------------
10. Shared Dispositive Power 6,562,100
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11. Aggregate Amount Owned by Each Reporting Person
6,673,100 (2)
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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13. Percent of Class Represented by Amount in Row (11) 8.4% (3)
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14. Type of Reporting Person (See Instructions) IN
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(2) This includes 111,000 shares of Common Stock of the Issuer held by Alpha
Industries, Inc. Retirement Plan Trust of which Alfred S. Teo is trustee
and 21,283 shares of Common Stock of the Issuer issuable upon exercise of
the options to purchase Common Stock that he holds that are exercisable
within 60 days of the date hereof. Because Mr. Teo is the spouse of Mrs.
Teo, such shares may be deemed to be beneficially owned by Mrs. Teo.
Nevertheless, Mrs. Teo disclaims beneficial ownership of such shares.
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<PAGE>
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(... continued)
(3) Based on 79,022,442 shares outstanding as of December 30, 2000 according to
the Issuer's Transfer Agent.
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<PAGE>
CUSIP No. 172755100
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1. Names of Reporting Person I.R.S. Identification Nos. of above persons
(entities only). Alpha Industries, Inc. Retirement Plan, dated January
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1, 1984, Alfred S. Teo, Trustee. Tax I.D. # 22-2408251.
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
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(b) XX
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3. SEC Use Only
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4. Source of Funds (See Instructions) OO
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5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e)
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6. Citizenship or Place of Organization New Jersey, USA
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Number of 7. Sole Voting Power 111,000
Shares ------------------------------------
Beneficially ---------------------------------------------------------------
Owned 8. Shared Voting Power 0
By ------------------------------------
Each ---------------------------------------------------------------
Reporting 9. Sole Dispositive Power 111,000
Person ---------------------------------
With ---------------------------------------------------------------
10. Shared Dispositive Power 0
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11. Aggregate Amount Owned by Each Reporting Person 111,000
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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13. Percent of Class Represented by Amount in Row (11) 0% (4)
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14. Type of Reporting Person (See Instructions) OO
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(4) Based on 79,022,442 shares outstanding as of December 30, 2000 according to
the Issuer's Transfer Agent.
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<PAGE>
CUSIP No. 172755100
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1. Names of Reporting Person I.R.S. Identification Nos. of above persons
(entities only). Alpha Technologies, Inc.
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Tax I.D. #22-301576
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
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(b)
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3. SEC Use Only
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4. Source of Funds (See Instructions) WC
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5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e)
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6. Citizenship or Place of Organization New Jersey, USA
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Number of 7. Sole Voting Power 0
Shares ------------------------------------
Beneficially ---------------------------------------------------------------
Owned 8. Shared Voting Power 0
By ------------------------------------
Each ---------------------------------------------------------------
Reporting 9. Sole Dispositive Power 0
Person ---------------------------------
With ---------------------------------------------------------------
10. Shared Dispositive Power 0
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11. Aggregate Amount Owned by Each Reporting Person 0
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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13. Percent of Class Represented by Amount in Row (11) 0%
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14. Type of Reporting Person (See Instructions) CO
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<PAGE>
CUSIP No. 172755100
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1. Names of Reporting Person I.R.S. Identification Nos. of above persons
(entities only). Lambda Financial Service Corp.
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Tax I.D. #22-2899749
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
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(b)
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3. SEC Use Only
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4. Source of Funds (See Instructions) WC
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5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e)
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6. Citizenship or Place of Organization New Jersey, USA
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Number of 7. Sole Voting Power 0
Shares ------------------------------------
Beneficially ---------------------------------------------------------------
Owned 8. Shared Voting Power 0
By ------------------------------------
Each ---------------------------------------------------------------
Reporting 9. Sole Dispositive Power 0
Person ---------------------------------
With ---------------------------------------------------------------
10. Shared Dispositive Power 0
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11. Aggregate Amount Owned by Each Reporting Person 0
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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13. Percent of Class Represented by Amount in Row (11) 0%
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14. Type of Reporting Person (See Instructions) CO
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<PAGE>
This Amendment No. 7 amends and supplements the Schedule 13D filed on
August 27, 1997, as amended, relating to the shares of Common Stock, par value
$.001 of Cirrus Logic, Inc., a Delaware corporation ("Issuer"). The address of
the principal executive office of the Issuer is 4210 S. Industrial Drive,
Austin, TX 78744.
Pursuant to Rule 13d-1(k) promulgated under the Securities Exchange
Act of 1934, as amended (the "Act"), the undersigned hereby jointly file this
amended statement on Schedule 13D ("Statement") on behalf of Alfred S. Teo,
Annie Teo and Alpha Industries, Inc. Retirement Plan, Alpha Technologies, Inc.
and Lambda Financial Service Corp. The foregoing persons may be hereinafter
referred to collectively as the "Reporting Persons". The Reporting Persons are
making this single, joint filing to comply with the reporting requirements with
respect to Common Stock of the Issuer that each beneficially owns.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 is hereby amended so as to add at the end thereof the
following:
The source of funds used by Alfred Teo and Annie Teo in making all
purchases of Common Stock since October 9, 1998 was personal funds. The source
of funds used by Alpha Industries, Inc. Retirement Plan for purchases of Common
Stock since October 9, 1998 was trust funds. The aggregate amount of funds used
in making purchases, including brokerage commissions and other costs of
execution, from October 9, 1998 through on December 15, 2000 was as set forth in
the following table:
Alfred Teo and Annie Teo,
Joint Tenants with Rights of Survivorship $10,774,019.50
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Alpha Industries, Inc. Retirement Plan $713,767.30
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Total $11,487,786.80
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ITEM 4. PURPOSE OF TRANSACTION
Item 4(a) is hereby amended so as to read in its entirety as follows:
(a) The Reporting Persons may acquire additional securities of the
Issuer or dispose of securities of the Issuer from time to time.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 is hereby amended so as to read in its entirety as follows:
(a) Alfred S. Teo beneficially owns 6,673,100 shares of Common
Stock of the Issuer, including (i) 111,000 shares of Common Stock of the Issuer
held by Alpha Industries, Inc. Retirement Plan of which Mr. Teo is trustee and
(ii) 21,283 shares of Common Stock of the Issuer issuable upon exercise of the
options to purchase Common Stock that he holds that are exercisable within 60
days of the date hereof. Together, these shares represent 8.4% of the
outstanding Common Stock of the Issuer (based on 79,022,442 shares outstanding
as of December 30, 2000, according to the Issuer's Transfer Agent).
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<PAGE>
Annie Teo beneficially owns 6,673,100 shares of Common Stock of the
Issuer or 8.4% of the outstanding Common Stock of the Issuer (based on
79,022,442 shares outstanding as of December 30, 2000, according to the Issuer's
Transfer Agent). Such shares include (i) 111,000 shares of Common Stock of the
Issuer held by Alpha Industries, Inc. Retirement Plan of which her spouse, Mr.
Teo, is trustee and (ii) 21,283 shares of Common Stock of the Issuer that Mr.
Teo holds issuable upon exercise of the options to purchase Common Stock that
are exercisable within 60 days of the date hereof. Because Mr. Teo is the
spouse of Mrs. Teo, such shares may be deemed to be beneficially owned by Mrs.
Teo. Nevertheless, Mrs. Teo disclaims beneficial ownership of such shares.
Alpha Industries, Inc. Retirement Plan Trust beneficially owns
111,000 shares of Common Stock of the Issuer or less than one percent of the
outstanding Common Stock of the Issuer (based on 79,022,442 shares outstanding
as of December 30, 2000, according to the Issuer's Transfer Agent).
(b) Alfred S. Teo and his spouse, Annie Teo, hold 6,562,100
shares of Common Stock of the Issuer as "joint tenants with rights of
survivorship" and, as such, jointly share the power to vote, or direct the vote,
and to dispose of, or direct the disposition of, such shares. Mr. Teo is the
trustee of the Alpha Industries, Inc. Retirement Plan, dated January 1, 1984,
and, therefore, has sole power to vote, or direct the vote, and to dispose of,
or direct the disposition of, the 111,000 shares of Common Stock of the Issuer
held by this Retirement Plan.
(c) The following Reporting Persons effected the following
transactions in the class of securities reported since October 9, 1998 to
December 15, 2000:
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<PAGE>
(1) Alfred Teo and Annie Teo, as joint tenants with rights of survivorship
effected the following market purchases:
Date Quantity Price Total Cost
12/23/98 5,000 $ 10.31 $ 51,565.00
12/23/98 5,000 $ 10.25 $ 51,250.00
12/24/98 10,000 $ 10.25 $ 102,500.00
12/24/98 5,000 $ 10.50 $ 52,500.00
12/24/98 5,000 $ 10.25 $ 51,250.00
12/28/98 70,000 $ 10.38 $ 726,250.00
12/29/98 50,000 $ 10.13 $ 506,250.00
12/30/98 10,000 $ 9.84 $ 98,440.00
12/30/98 10,000 $ 9.81 $ 98,130.00
12/31/98 5,000 $ 9.88 $ 49,375.00
12/31/98 2,500 $ 9.75 $ 24,375.00
12/31/98 2,500 $ 9.69 $ 24,220.00
12/31/98 10,000 $ 9.50 $ 95,000.00
01/15/99 20,000 $ 12.65 $ 253,060.00
01/15/99 30,000 $ 12.63 $ 378,750.00
01/15/99 10,000 $ 12.50 $ 125,000.00
01/21/99 55,000 $ 11.75 $ 646,250.00
01/21/99 10,000 $ 11.69 $ 116,880.00
01/21/99 7,500 $ 11.88 $ 89,062.50
01/21/99 22,500 $ 11.81 $ 265,792.50
01/21/99 5,000 $ 11.63 $ 58,125.00
01/27/99 50,000 $ 10.13 $ 506,250.00
02/02/99 160,000 $ 9.46 $1,513,120.00
11/02/2000 125,000 $39.125 $4,890,625.00
(2) Alpha Industries, Inc. Retirement Plan effected the following market
purchases:
Date Quantity Price Total Cost
3/5/98 1,500 $10.38 $ 15,562.50
3/5/98 3,000 $10.50 $ 31,500.00
3/5/98 20,000 $10.44 $208,760.00
7/22/98 13,000 $ 9.69 $125,944.00
9/4/98 7,500 $ 6.78 $ 50,850.00
9/4/98 5,500 $ 6.69 $ 36,784.00
9/25/98 10,000 $ 6.19 $ 61,880.00
9/25/98 2,900 $ 6.13 $ 17,762.50
10/13/98 100 $ 6.44 $ 643.80
10/13/98 15,000 $ 6.44 $ 96,580.50
3/22/99 9,000 $ 7.50 $ 67,500.00
-10-
<PAGE>
(3) Alpha Technologies, Inc. transferred on February 27, 2000, 15,600 shares
of Common Stock to Alfred Teo at a price of $19.875 per share or $310,050
in the aggregate.
(4) Lambda Financial Service Corp. transferred on February 27, 2000, 30,000
shares of Common Stock to Alfred Teo at a price of $19.875 per share or
$596,250 in the aggregate.
(5) Alfred Teo and Annie Teo effected the following market dispositions:
Date Quantity Price Total Cost
11/30/00 170,000 $ 22.45 $ 3,816,500
12/1/00 175,000 $ 22.45 $ 3,928,750
12/4/00 275,000 $19.875 $ 5,465,625
12/4/00 725,000 $ 19.00 $13,775,000
No other transactions in the class of securities reported were effected by
the Reporting Persons since October 9, 1998 to December 15, 2000 other than
those listed above.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
Item 6 is hereby amended so as to read in its entirety as follows:
There are no contracts, arrangements, understandings or relationships (legal or
otherwise) among the persons named in Item 2 and between such persons and any
person with respect to any securities of the Issuer, including but not limited
to transfer or voting of any of the securities, finder's fees, joint ventures,
loan or option arrangements, puts or calls, guarantees or profits, division of
profits or loss, or the giving or withholding of proxies. Mr. and Mrs. Teo
have also stated that, in the election of directors, they intend to vote their
shares of the Issuer in favor of the Governance Committee's nominees to the
Board; not to directly or indirectly participate in any solicitation of proxies
other than as recommended by the Board with respect to voting shares of the
Issuer; not to form, join or in any way participate in a "group" within the
meaning of Section 13(d)(3) of the Securities Exchange Act of 1934 with respect
to any voting securities of the Issuer; and not to otherwise act alone or in
concert with others to seek control of the Issuer. The Issuer has signed no
agreement with Mr. Teo or any other Reporting Person with respect to the
foregoing matters.
-11-
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Dated as of January 4, 2000.
/s/ Alfred S. Teo
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Alfred S. Teo, Individually
/s/ Annie Teo
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Annie Teo, Individually
ALPHA INDUSTRIES, INC. RETIREMENT PLAN
By: /s/ Alfred S. Teo
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Alfred S. Teo, Trustee
ALPHA TECHNOLOGIES, INC.
By: /s/ Alfred S. Teo
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LAMBDA FINANCIAL SERVICE CORP.
By: /s/ Alfred S. Teo
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-12-
<PAGE>
