UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): November 22, 2013
Silicon Graphics International Corp.
(Exact name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction of incorporation)
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000-51333
(Commission file Number)
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32-0047154
(IRS Employer Identification Number)
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46600 Landing Parkway
(Address of principle executive offices)
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94538
(Zip Code)
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510-933-8300
(Registrant’s telephone no., including area code)
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Not Applicable
(Form Name or Former Address, if changed since last report)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On November 22, 2013, Silicon Graphics International Corp. (“SGI” or the “Company”) announced an increase in the Company’s stock repurchase program, authorizing the Company to buy back up to $30 million in SGI common stock. The Company’s board of directors previously had authorized in January 2013 the repurchase of up to $15 million in SGI common stock. Under the terms of the repurchase program, the Company may repurchase its common stock in the open market or through negotiated transactions, including Rule 10b5-1 trading plans that would enable the Company to repurchase shares outside of normal trading windows. The timing of repurchases and the number of shares to be repurchased will depend on market conditions. The stock repurchase program will expire December 31, 2014, and may be suspended or terminated at any time at the Company’s discretion.
To date, the Company has repurchased approximately 697,000 shares or 2% of the Company’s common stock outstanding at a total cost of approximately $9.8 million.
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, thereunto duly authorized.
Silicon Graphics International Corp.
Dated: November 25, 2013 By: /s/ Jennifer W. Pileggi
Jennifer W. Pileggi
Senior Vice President, General Counsel and
Corporate Secretary