defa14a
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
Filed by the Registrant þ
Filed by a Party other than the Registrant o
Check the appropriate box:
o Preliminary Proxy Statement
o Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
o Definitive Proxy Statement
o Definitive Additional Materials
þ Soliciting Material Pursuant to Rule 14a-12
Conexant Systems, Inc.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
Payment of Filing Fee (Check the appropriate box):
þ No fee required.
o Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
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To Our Valued Suppliers:
As you know, last month we announced a definitive agreement to sell our company to Standard
Microsystems Corporation (SMSC), and we are proceeding with the actions required to complete this
transaction, including the transfer of pertinent supply agreements at the appropriate time.
In addition, we have received an unsolicited acquisition proposal to purchase our company from
Golden Gate Capital, a private equity firm headquartered in San Francisco. We hope to know if the
Golden Gate proposal will result in a definitive offer in the next week or two.
If we close with SMSC, the plan is for me to become executive vice president with responsibility
for all product lines, worldwide engineering, and marketing. In the event that we close with
Golden Gate, I expect to occupy a similar senior management role.
We value our mutually beneficial partnership. For now, operational business processes remain.
Ill provide you with further information as we move through this process. Thank you for your
continuing support.
Sincerely,
Sailesh Chittipeddi, PhD
President and Chief Operating Officer
Conexant Systems, Inc.
Additional Information About the SMSC Transaction
In connection with the proposed merger transaction with SMSC (the SMSC Transaction), SMSC
will file with the Securities and Exchange Commission (the SEC) a Registration Statement on Form
S-4 that will include a proxy statement of Conexant and a prospectus of SMSC. The definitive proxy
statement/prospectus will be mailed to stockholders of Conexant. Conexant and SMSC urge investors
and security holders to read the proxy statement/prospectus regarding the SMSC Transaction when it
becomes available because it will contain important information about the SMSC Transaction. You
may obtain a free copy of the proxy statement/prospectus (when available) and other related
documents filed by SMSC and Conexant with the SEC at the SECs website at www.sec.gov. The proxy
statement/prospectus (when it is available) and other documents filed by SMSC or Conexant with the
SEC relating to the SMSC Transaction may also be obtained for free by accessing SMSCs website at
www.smsc.com by clicking on the link for Investor Relations, then clicking on the link for SEC
Filings or by accessing Conexants website at www.conexant.com and clicking on the Investors
link and then clicking on the link for Financial Information and then clicking on the link for
SEC Filings.
Participants in the SMSC Transaction
SMSC, Conexant and their respective directors, executive officers and certain other members of
management and employees may be deemed to be participants in the solicitation of proxies from
Conexants stockholders in connection with the SMSC Transaction. Information regarding the persons
who may, under the
rules of the SEC, be considered participants in the solicitation of Conexants stockholders in
connection with the SMSC Transaction, including the interests of such participants in the SMSC
Transaction, will be set forth in the proxy statement/prospectus when it is filed with the SEC.
You can find information about SMSCs executive officers and directors in SMSCs definitive proxy
statement filed with the SEC on June 14, 2010. You can find information about Conexants executive
officers and directors in Conexants definitive proxy statement filed with the SEC on December 10,
2010. You can obtain free copies of these documents from SMSC or Conexant, respectively, using the
contact information above.
Forward-Looking Statements
Except for historical information contained herein, the matters set forth in this document are
forward-looking statements about expected future events and financial and operating results that
involve risks and uncertainties. These uncertainties may cause Conexants actual future results to
be materially different from those discussed in the forward-looking statements. These risks and
uncertainties include risks relating to the ability to obtain regulatory approvals of the SMSC
Transaction on the proposed terms and schedule; the failure of Conexant stockholders to approve the
SMSC Transaction; a failure to consummate or delay in consummating the SMSC Transaction for other
reasons; disruption from the SMSC Transaction making it more difficult to maintain relationships
with customers, employees or suppliers; competition and its effect on pricing, spending,
third-party relationships and revenues; and other risks relating to Conexants business set forth
in its filings with the SEC.
Our forward looking statements are qualified in their entirety by the inherent risks and
uncertainties surrounding future. All forward-looking statements speak only as of the date hereof
and are based upon the information available to Conexant at this time. Such statements are subject
to change, and Conexant does not undertake to update such statements, except to the extent required
under applicable law and regulation. These and other risks and uncertainties are detailed from time
to time in Conexants reports filed with the SEC. Investors are advised to read Conexants Annual
Report on Form 10-K and quarterly reports on Form 10-Q filed with the SEC, particularly those
sections entitled Risk Factors, for a more complete discussion of these and other risks and
uncertainties.