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 November 20, 1997
QUALITY SEMICONDUCTOR, INC.
(Exact name of registrant as specified in its charter)
California 0-23128 77-0199189
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
851 Martin Avenue
Santa Clara, CA 95050
(Address of principal executive offices) (including Zip code)
(408) 450-8000
(Registrant's telephone number, including area code)
Exhibit Index on page 4
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Item 5. Other Events
On November 20, 1997, Quality Semiconductor, Inc., a California
corporation (the "Company") announced the resignation of John P. Goldsberry,
Vice President - Finance and Chief Financial Officer. Further details regarding
this announcement are contained in the Company's press release dated November
20, 1997 attached as an exhibit hereto and incorporated by reference herein.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit 99 Quality Semiconductor, Inc. Press Release dated November 20, 1997.
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SIGNATURES
Pursuant the requirements of Section 12 of the Securities Exchange Act of 1934,
as amended has duly caused this report to be signed on its behalf of the
undersigned hereunto duly authorized.
QUALITY SEMICONDUCTOR, INC.
Date: November 20, 1997 By: /s/ R. Paul Gupta
--------------------
R. Paul Gupta
President and
Chief Executive Officer
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QUALITY SEMICONDUCTOR, INC.
CURRENT REPORT ON FORM 8-K
EXHIBIT INDEX
Exhibit No. Exhibit
99 Quality Semiconductor, Inc. Press Release dated November 20, 1997
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EXHIBIT 99
For more information contact:
R. Paul Gupta
President and Chief Executive Officer
Quality Semiconductor, Inc.
(408)450-8000
Morgen-Walke Associates, Inc.
Doug Sherk, Suzanne Craig, Chris Del Carlo
(415) 296-7383
Vince Daniels, Josh Passman
(212) 850-5698
FOR IMMEDIATE RELEASE
QUALITY SEMICONDUCTOR ANNOUNCES MANAGEMENT CHANGE
SANTA CLARA, CA - (November 20, 1997) - Quality Semiconductor, Inc.
(Nasdaq:QUAL) today announced that John P. Goldsberry, Vice President - Finance
and Chief Financial Officer, has resigned from the Company, effective November
19, 1997, to pursue other interests. Mr. Rick Bottomley, Controller, will assume
Mr. Goldsberry's duties on an interim basis while the company evaluates
candidates for the position.
R. Paul Gupta, the Company's President and Chief Executive Officer,
commented, "John has been a valuable member of the management team of Quality
Semiconductor. We are sorry to have him leave and we wish him every success in
his new pursuits." John Goldsberry commented, "I have enjoyed my role at Quality
Semiconductor and I wish the Company well."
Mr. Bottomley, who will be assuming the interim role of Chief Financial
Officer, has been the Controller of Quality Semiconductor since August 1996.
Prior to taking the Controller position at Quality Semiconductor, Bottomley had
served in a similar position with Actel Corporation, and prior to that was with
Ernst & Young for seven years.
Quality Semiconductor, Inc. designs, develops and markets high-performance
logic as well as networking and logic-intensive specialty memory semiconductor
products. The Company targets systems manufacturers principally in the
networking, computer and communications markets. The company's products include
the 3.3-volt and 5-volt FCT and LCX families of high-speed, low noise interface
logic devices, the QuickSwitch family of high speed, low resistance bus
switches, a family of low-skew clock management products, a family of analog
switch devices and new JTAG products designed to allow board-level testing of
complex products. Quality Semiconductors networking products include two Fast
Ethernet CMOS transceivers that provide high integration solutions for the
adapter, repeater, switch and card bus markets.
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