0001604778false00016047782024-12-092024-12-09

UNITED STATES
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

Date of Report (Date of earliest event reported): December 9, 2024

qorvoform8kimagea22.jpg
Qorvo, Inc.
(Exact name of registrant as specified in its charter)
Delaware
001-3680146-5288992
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
7628 Thorndike Road, Greensboro, North Carolina 27409-9421
(Address of principal executive offices)
(Zip Code)

(336) 664-1233
Registrant's telephone number, including area code

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:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.0001 par valueQRVOThe Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o





Item 8.01     Other Events.

On December 9, 2024, Qorvo, Inc. (the "Company" or "Qorvo") entered into a definitive agreement to divest its silicon carbide business. The transaction is expected to be immediately accretive to Qorvo upon closing during the March quarter. Exiting the silicon carbide market will allow the Company to redirect investment to other strategic areas, improve gross margin, reduce operating expenses, and avoid the capital expenditures necessary to remain engaged.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.Description
104Cover Page Interactive Data File (embedded within the Inline XBRL document)



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.

Qorvo, Inc.
By:
/s/ Grant A. Brown
Grant A. Brown
Senior Vice President and Chief Financial Officer

Date:    December 10, 2024


v3.24.3
Document and Entity Information Document
Dec. 09, 2024
Entity Information [Line Items]  
Document Type 8-K
Document Period End Date Dec. 09, 2024
Entity Registrant Name Qorvo, Inc.
Entity Central Index Key 0001604778
Amendment Flag false
Entity Incorporation, State or Country Code DE
Entity File Number 001-36801
Entity Tax Identification Number 46-5288992
Entity Address, Address Line One 7628 Thorndike Road
Entity Address, City or Town Greensboro
Entity Address, State or Province NC
Entity Address, Postal Zip Code 27409-9421
City Area Code 336
Local Phone Number 664-1233
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $0.0001 par value
Trading Symbol QRVO
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
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