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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Amis Holdings (MM) | NASDAQ:AMIS | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.85 | 0 | 00:00:00 |
Filed by : AMIS Holdings, Inc.
Pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
of the Securities Exchange Act of 1934
Subject Company : AMIS Holdings, Inc.
Commission File No.: 000-50397
Filed below is a Q&A provided by AMI Semiconductor Corporation on its internal website on March 14, 2008 regarding ON Semiconductor Corporations ( ON ) proposed acquisition of AMIS Holdings, Inc. ( AMIS ).
This filing contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements related to the benefits of the proposed transaction between ON and AMIS and the future financial performance of ON. These forward-looking statements are based on information available to ON and AMIS as of the date of this release and current expectations, forecasts and assumptions and involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements. Such risks and uncertainties include a variety of factors, some of which are beyond ONs or AMIS control. In particular, such risks and uncertainties include difficulties encountered in integrating merged businesses; the risk that the transaction does not close, including the risk that the requisite stockholder and regulatory approvals may not be obtained; the variable demand and the aggressive pricing environment for semiconductor products; dependence on each companys ability to successfully manufacture in increasing volumes on a cost-effective basis and with acceptable quality its current products; the adverse impact of competitive product announcements; revenues and operating performance, changes in overall economic conditions, the cyclical nature of the semiconductor industry, changes in demand for our products, changes in inventories at customers and distributors, technological and product development risks, availability of raw materials, competitors actions, pricing and gross margin pressures, loss of key customers, order cancellations or reduced bookings, changes in manufacturing yields, control of costs and expenses, significant litigation, risks associated with acquisitions and dispositions, risks associated with leverage and restrictive covenants in debt agreements, risks associated with international operations, the threat or occurrence of international armed conflict and terrorist activities both in the United States and internationally, risks and costs associated with increased and new regulation of corporate governance and disclosure standards (including pursuant to Section 404 of the Sarbanes-Oxley Act of 2002), and risks involving environmental or other governmental regulation . Information concerning additional factors that could cause results to differ materially from those projected in the forward-looking statements is contained in ONs Annual Report on Form 10-K as filed with the Securities and Exchange Commission (the SEC ) on February 12, 2008, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other of ONs SEC filings, and AMIS Annual Report on Form 10-K as filed with the SEC on February 26, 2008, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other of AMIS SEC filings. These forward-looking statements should not be relied upon as representing ONs or AMIS views as of any subsequent date and neither undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made.
This communication is being made in respect of the proposed transaction involving ON and AMIS. In connection with the proposed transaction, ON has filed with the SEC a Registration Statement on Form S-4 containing a Joint Proxy Statement/Prospectus and each of ON and AMIS plan to file with the SEC other documents regarding the proposed transaction. The definitive Joint Proxy Statement/Prospectus has been mailed to stockholders of ON and AMIS. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.
Investors and security holders may obtain free copies of the Registration Statement and the Joint Proxy Statement/Prospectus and other documents filed with the SEC by ON and AMIS through the web site maintained by the SEC at www.sec.gov . In addition, investors and security holders may obtain free
copies of the Registration Statement and the Joint Proxy Statement/Prospectus and other documents filed with the SEC from ON by directing a request to ON Semiconductor Corporation, 5005 East McDowell Road, Phoenix, AZ, 85008, Attention: Investor Relations (telephone: (602) 244-3437) or going to ONs corporate website at www.onsemi.com , or from AMIS by directing a request to AMIS Holdings, Inc., 2300 Buckskin Road Pocatello, ID, 83201, Attention: Investor Relations (telephone: (208) 233-4690) or going to AMIS corporate website at www.amis.com .
ON and AMIS, and their respective directors and executive officers, may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding ONs directors and executive officers is contained in its annual proxy statement filed with the SEC on April 11, 2007. Information regarding AMIS directors and executive officers is contained in AMIS annual proxy statement filed with the SEC on May 24, 2007. Additional information regarding the interests of such potential participants will be included in the Joint Proxy Statement/Prospectus and the other relevant documents filed with the SEC (when available).
Frequently Asked Questions
Question #336: added 06-Mar-2008 15:22 MST
Question:
Will employees who are terminated before becoming fully vested in the 401K matching be fully vested?
Answer:
Per the AMI Semiconductor 401(k) plan document, employees who terminated before they are fully vested lose any unvested employer matching contributions. The employees contributions are always fully vested.
The current AMIS vesting schedule for employer contributions is 20 percent after one complete year of service, 40 percent after two complete years of service, 60 percent after three complete years of service, 80 percent after four complete years of services, and 100 percent after five complete years of service.
Question #337: by Sonia Judkins added 07-Mar-2008 08:03 MST
Question:
Are we still going to be allowed 80 hours of holiday a year and be able to use 40 hours as prime?
Answer:
Both ON Semiconductor and AMI Semiconductor have 10 paid company holidays (80 hours) per year. Through 2008, we will continue to use the current AMIS holiday and vacation policy and practices, so priming can continue. Beginning, January 1, 2009 we will transition to ON Semiconductors holiday and vacation policies and practices. ON Semiconductor does not allow priming of holidays.
Question #338: added 11-Mar-2008 09:20 MDT
Question:
How many days of FTO does ON Semiconductor offer for employees with more than 25 years of service? Is there also sick leave?
Answer:
Under ON Semiconductors vacation policy, which will not apply to former AMIS employees until January 1, 2009, an employee with more than 25 years of service accrues five weeks vacation per year. There is also one week per year of CLA or Current Leave Allowance, which is sick leave.
Question #340: by Dave Doman added 11-Mar-2008 13:31 MDT
Question:
At what point will our email addresses be morphed and to what?
Answer:
New ON Semiconductor e-mail addresses will likely be created and ready to use by Tuesday, March 18. The format of the e-mail address is firstname.lastname@onsemi.com. The old AMIS addresses will continue to work for some time too.
Question #341: added 12-Mar-2008 00:11 MDT
Question:
In past years, the effective date of merit and promotions has been April. Why is this years effective date in July?
Answer:
ON Semiconductors merit review and promotions are effective in July. Delaying increases to July will put former AMIS employees on the same cycle as all other ON Semiconductor employees.
Question #347: added 12-Mar-2008 14:00 MDT
Question:
If Express people get laid off, will there be a severance package for them?
Answer:
Express employees are not eligible for the ON Semiconductor severance package. This is similar to the former AMIS practice for temp employees.
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