<PAGE>
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
September 23, 1999
Date of Report (Date of earliest event reported)
OPTi INC.
(Exact Name of Registrant as Specified in its Charter)
--------------------------------------------------------------------
California 000-21422 77-0220697
(State or other
Jurisdiction of (I.R.S. Employer
Incorporation) (Commission File Number) Identification No.)
--------------------------------------------
888 Tasman Dr.
Milpitas, CA 95035
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (408) 486-8000
--------------------------------------------------------------
<PAGE>
Item 5. Other Events.
On September 23, 1999, the registrant issued the press release
attached as Exhibit 99.1 relating to declaration of cash dividends.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
99.1 Press release issued by Registrant on September 23, 1999.
<PAGE>
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.
OPTi INC.
/s/ Michael Mazzoni
------------------------------
By: Michael Mazzoni
Chief Financial Officer and Secretary
Date: September 23, 1999
<PAGE>
EXHIBIT 99.1
OPTi Announces Dividend
MILPITAS, Calif.--(BUSINESS WIRE)--Sept. 23, 1999--OPTi Inc. (NASDQ/NMS: OPTI)
announced today that its Board of Directors has declared cash dividends totaling
$4.00 per share on each share of the Company's common stock.
The dividend will be payable on November 17, 1999 to shareholders of record at
the close of business on October 29, 1999.
The Board made the determination to provide the cash dividend based upon the
Company's current excess cash position. After the dividend, the Company fully
expects that its remaining cash will be sufficient to satisfy the Company's
projected working capital and other cash requirements and to implement the
Company's current business plan.
The Board therefore believes that a return of the Company's excess cash to its
shareholders is in the best interests of the shareholders.
However, information set forth in this report constitutes and includes forward
looking information made within the meaning of Section 27A of the Securities Act
of 1933, as amended and Section 21E of the Securities and Exchange Act of 1934,
ad amended, that involve risks and uncertainties. The Company's actual results
may differ significantly from the results discussed in the forward looking
statements as a result of a number of factors, including the ultimate resolution
of pending litigation, product mix, the Company's ability to obtain or maintain
design wins, market conditions generally and in the electronic and semiconductor
industries, product development schedules, competition and other matters.
Additional information identifying risks and uncertainties is contained in the
Company's most recent Form 10-Q quarterly report and Form 10-K annual report
filed with the SEC.
OPTi Inc., an independent supplier of semiconductor products, is headquartered
in Miliptas. OPTi stock is traded on the National Market System under NASDAQ
symbol OPTI.
Contact:
OPTi Inc.
Bernard T. Marren, 408/486-8000 (President/CEO)
Michael Mazzoni, 408/486-8000 (CFO)
