e6vk
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
January 5, 2009
QIMONDA AG
Gustav-Heinemann-Ring 212
D-81739 Munich
Federal Republic of Germany
Tel: +49-89-60088-0
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form
20-F or Form 40-F.
Form 20-F þ Form 40-F o
Indicate by check mark whether the registrant by furnishing the information contained in this Form
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes o No þ
If Yes is marked, indicate below the file number assigned to the registrant in connection with
Rule 12g3-2(b): 82- .
This Report on Form 6-K is incorporated by reference into the registration statement on Form F-3,
File No. 333-145983.
Explanatory
Note
This Report on Form 6-K contains a press release of Qimonda AG, dated January 2, 2009 announcing
its intention to restore its compliance with the NYSE minimum market capitalization standard. This Report on Form 6-K is hereby incorporated by reference into our Registration Statement on Form F-3, Registration No.
333-145983.
Qimonda Intends to Restore Compliance with NYSE Minimum Market Capitalization Standard
Munich, January 2, 2009 Qimonda AG (NYSE: QI) today announced that on December 5, 2008 it was
notified by the New York Stock Exchange (NYSE) that it is not in compliance with another of the
NYSEs continued listing standards. Qimonda is considered below compliance because its average
global market captialization fell below $100 million over a consecutive thirty trading day period.
As previously announced, on November 7, 2008 Qimonda was notified by the NYSE that it was below
compliance because the price of its American Depositary Shares (ADSs) had fallen below $1.00 over
a consecutive thirty trading day period. The NYSE has included the indicator BC on its
consolidated tape since the previous notice, indicating that Qimonda is below the NYSEs
quantitative continued listing standards.
In order to restore compliance with the market capitalization standard, Qimonda must have an
average global market capitalization at or above $100 million over a consecutive thirty day trading
period 18 months from the date that Qimonda received formal written notice of non-compliance of the
market capitalization standard from the NYSE. Under the applicable rules and regulations of the
NYSE, Qimonda has notified the NYSE of its intention to return to compliance and submitted a
business plan outlining definitive actions that Qimonda is already taking to comply again with the
market capitalization standard and to increase the price of its ADSs to over $1.00. The NYSE is
currently reviewing the plan submitted by Qimonda and if the plan is accepted, Qimonda will be
subject to on-going monitoring by the NYSE. Qimonda intends to return
Page 2 of 3 January 2, 2009
to compliance under both standards and will remain in communication with the NYSE throughout the process.
Under the NYSE rules, should Qimonda fail to increase the average closing price of its ADSs to the
required level at the expiration of the six months period on May 7, 2009 or fail to increase the
average global market capitalization to the required level by June 5, 2010, the NYSE will commence
suspension and delisting procedures.
During this cure period, Qimondas ADSs will continue to be listed on the NYSE, subject to ongoing
reassessment. This NYSE notification of non-compliance will not affect the Qimondas business
operations, does not change its SEC reporting requirements and has no effect under any of the
Qimondas credit agreements or the 6.75% Senior Unsecured Convertible Notes issued by Qimondas
finance subsidiary.
About Qimonda
Qimonda AG (NYSE: QI) is a leading global memory supplier with a broad diversified DRAM product
portfolio. The company generated net sales of Euro 3.61 billion in financial year 2007 and had
approximately 13,500 employees worldwide prior to its recent announcement of a repositioning of its
business. The company provides DRAM products with a focus on infrastructure and graphics
applications, using its power saving technologies and designs. Further information is available at
www.qimonda.com.
Disclaimer
This press release contains forward-looking statements based on assumptions and forecasts made by
Qimonda management and third parties. Statements that are not historical facts, including
statements about our beliefs and expectations, are forward-looking statements. These statements are
based on current plans, estimates and projections, and speak only as of the date they are made. We
undertake no obligation to update any of them in light of new information or future events. These
forward-looking statements involve inherent risks and are subject to a number of uncertainties,
including trends in demand and prices for semiconductors generally and for our products in
particular, the success of our development efforts, both alone and with our partners, the success
of our efforts to introduce new production processes at our facilities and the actions of our
competitors, the availability of funds for planned investments and repositioning efforts and the
outcome of antitrust investigations and litigation matters, as well as other factors. We caution
you that these and a number of other known and unknown risks, uncertainties and other factors could
cause
Page 3 of 3 January 2, 2009
actual future results, or outcomes to differ materially from those expressed in any
forward-looking statement. These factors include those identified under the heading Risk Factors
in our most recent Annual Report on Form 20-F which is available without charge on our website and
at www.sec.gov.
For the Business and Trade Press
|
|
|
|
|
|
|
Public Relations
|
|
Name
|
|
Phone
|
|
E-mail |
Worldwide Headquarters
|
|
Ralph Heinrich
|
|
+49 89 60088 1300
|
|
ralph.heinrich@qimonda.com |
U.S.A.
|
|
Glen Haley
|
|
+1 919 677 4554
|
|
glen.haley@qimonda.com |
Asia
|
|
Isabel Chen
|
|
+886 2 8170 8177
|
|
isabel.chen@qimonda.com |
Investor Relations Worldwide
|
|
Andreas Schaller
|
|
+49 89 60088 1200
|
|
andreas.schaller@qimonda.com |
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, thereunto duly authorized.
|
|
|
|
|
|
QIMONDA AG
|
|
Date: January 5, 2009 |
By: |
/s/ Kin Wah Loh
|
|
|
|
Kin Wah Loh |
|
|
|
Chief Executive Officer and
Chairman of the Management Board |
|
|
|
|
|
|
By: |
/s/ Thomas J. Seifert
|
|
|
|
Thomas J. Seifert |
|
|
|
Chief Operating Officer,
Chief Financial Officer and
Member of the Management Board |
|
|