þ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
o | Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
Delaware | 95-2039518 | |
(State or other jurisdiction of | (I.R.S. Employer | |
incorporation or organization) | Identification Number) | |
15660 Dallas Parkway, Suite 850 | ||
Dallas, Texas | 75248 | |
(Address of principal executive offices) | (Zip code) |
Large accelerated filer þ | Accelerated filer o |
Non-accelerated filer
o
(Do not check if a smaller reporting company) |
Smaller reporting company o |
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EX-10.1 | ||||||||
EX-10.2 | ||||||||
EX-31.1 | ||||||||
EX-31.2 | ||||||||
EX-32.1 | ||||||||
EX-32.2 | ||||||||
EX-101 INSTANCE DOCUMENT | ||||||||
EX-101 SCHEMA DOCUMENT | ||||||||
EX-101 CALCULATION LINKBASE DOCUMENT | ||||||||
EX-101 LABELS LINKBASE DOCUMENT | ||||||||
EX-101 PRESENTATION LINKBASE DOCUMENT |
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- 29 -
- 30 -
- 31 -
- 32 -
- 33 -
September 30,
December 31,
2010
2009
(Unaudited)
$
263,807
$
241,953
296,600
123,493
99,074
113,069
89,652
9,257
7,834
10,207
11,591
519,833
746,704
199,098
162,988
67,668
68,075
29,949
34,892
5,836
5,324
$
822,384
$
1,017,983
Table of Contents
CONSOLIDATED CONDENSED BALANCE SHEETS
(cont)
(In thousands, except share data)
Table of Contents
Three Months Ended
Nine Months Ended
September 30,
September 30,
2010
2009
2010
2009
$
163,120
$
122,122
$
449,120
$
304,070
102,143
84,547
286,893
224,632
60,977
37,575
162,227
79,438
22,837
19,079
65,678
50,375
7,212
6,284
20,403
16,944
1,098
1,271
3,304
3,480
144
(291
)
(440
)
31,147
26,343
89,529
70,359
29,830
11,232
72,698
9,079
279
805
2,587
3,907
(939
)
(1,784
)
(4,317
)
(5,709
)
(2,006
)
(1,981
)
(5,713
)
(6,471
)
251
(1,062
)
1,749
(1,074
)
(2,415
)
(4,022
)
(5,694
)
(9,347
)
27,415
7,210
67,004
(268
)
5,346
(629
)
11,705
4,924
22,069
7,839
55,299
(5,192
)
(907
)
(819
)
(2,532
)
(1,507
)
$
21,162
$
7,020
$
52,767
$
(6,699
)
$
0.48
$
0.17
$
1.20
$
(0.16
)
$
0.46
$
0.16
$
1.16
$
(0.16
)
44,346
42,533
44,031
41,761
45,673
44,013
45,418
41,761
Table of Contents
Table of Contents
Table of Contents
Three Months Ended
Nine Months Ended
September 30,
September 30,
2010
2009
2010
2009
$
22,069
$
7,839
$
55,299
$
(5,192
)
7,361
(1,391
)
(3,552
)
12,109
1,802
10,246
(4,068
)
(16,041
)
441
3,672
31,232
17,135
47,679
(5,452
)
907
819
2,532
1,507
$
30,325
$
16,316
$
45,147
$
(6,959
)
Table of Contents
September 30,
December 31,
2010
2009
$
48,462
$
33,280
31,720
24,029
32,887
32,343
$
113,069
$
89,652
Table of Contents
$
68,075
(407
)
$
67,668
$
48,658
(13,558
)
(7,672
)
27,428
3,162
(641
)
2,521
$
29,949
Table of Contents
Three Months Ended
Nine Months Ended
September 30,
September 30,
2010
2009
2010
2009
$
87
$
99
$
262
$
279
2,824
2,409
8,510
6,391
355
359
1,008
881
$
3,266
$
2,867
$
9,780
$
7,551
Table of Contents
Weighted
Weighted
Average
Average
Remaining
Aggregate
Exercise
Contractual
Intrinsic
Stock Options
Shares (000)
Price
Term (yrs)
Value ($000)
3,980
$
12.50
5.2
$
34,989
401
19.00
(381
)
7.55
4,478
(6
)
27.41
3,994
$
13.60
5.3
$
20,631
3,073
$
11.98
4.2
$
19,926
Weighted-
Average
Aggregate
Grant-Date
Intrinsic
Grants
Shares (000)
Fair Value
Value ($000)
714
$
20.64
$
14,579
363
17.47
(250
)
21.33
7,474
(33
)
20.41
794
$
16.29
$
13,540
Table of Contents
Three Months Ended
North
September 30, 2010
Asia
America
Europe
Consolidated
$
133,116
$
42,769
$
45,129
$
221,014
(15,961
)
(14,898
)
(27,035
)
(57,894
)
$
117,155
$
27,871
$
18,094
$
163,120
Three Months Ended
North
September 30, 2009
Asia
America
Europe
Consolidated
$
103,394
$
21,267
$
31,925
$
156,586
(8,293
)
(6,662
)
(19,509
)
(34,464
)
$
95,101
$
14,605
$
12,416
$
122,122
Nine Months Ended
North
September 30, 2010
Asia
America
Europe
Consolidated
$
364,347
$
112,380
$
127,772
$
604,499
(38,054
)
(40,094
)
(77,231
)
(155,379
)
$
326,293
$
72,286
$
50,541
$
449,120
$
137,604
$
30,116
$
31,378
$
199,098
$
439,303
$
169,801
$
213,280
$
822,384
Nine Months Ended
North
September 30, 2009
Asia
America
Europe
Consolidated
$
247,127
$
58,049
$
80,456
$
385,632
(17,983
)
(16,782
)
(46,797
)
(81,562
)
$
229,144
$
41,267
$
33,659
$
304,070
$
95,672
$
30,591
$
37,258
$
163,521
$
350,442
$
269,070
$
295,102
$
914,614
Table of Contents
Net Sales
for the Three Months
Percentage of
Ended September 30,
Net Sales
2010
2009
2010
2009
$
49,944
$
37,562
30.7
%
30.8
%
41,641
19,025
25.5
%
15.6
%
36,035
34,518
22.1
%
28.3
%
9,681
7,518
5.9
%
6.2
%
7,260
4,606
4.5
%
3.8
%
7,079
4,605
4.3
%
3.8
%
6,757
5,335
4.1
%
4.4
%
4,723
8,953
2.9
%
7.3
%
$
163,120
$
122,122
100
%
100
%
Net Sales
for the Nine Months
Percentage of
Ended September 30,
Net Sales
2010
2009
2010
2009
$
138,901
$
91,105
31.0
%
30.0
%
103,841
87,247
23.1
%
28.7
%
103,430
50,354
23.0
%
16.6
%
26,569
19,303
5.9
%
6.3
%
24,412
12,693
5.4
%
4.2
%
18,448
9,553
4.1
%
3.1
%
13,432
12,436
3.0
%
4.1
%
20,087
21,379
4.5
%
7.0
%
$
449,120
$
304,070
100
%
100
%
Table of Contents
Liability
Liability
Liability
Equity
Component
Component
Component
Component
Principal
Net Carrying
Unamortized
Carrying
Amount
Amount
Discount
Amount
$
134,293
$
126,318
$
7,975
$
35,515
Three Months Ended
Nine Months Ended
September 30,
September 30,
2010
2009
2010
2009
$
769
$
857
$
2,321
$
2,801
2,006
1,981
5,713
6,471
138
162
412
505
$
2,913
$
3,000
$
8,446
$
9,777
Table of Contents
Defined Benefit Plan
$
117,539
230
4,724
7,679
(2,541
)
(2,579
)
$
125,052
$
88,235
6,240
1,458
(2,541
)
(2,116
)
$
91,276
$
(33,776
)
5.7
%
6.8
%
Table of Contents
Three Months Ended
Nine Months Ended
September 30,
September 30,
2010
2009
2010
2009
$
1,457
$
2,503
$
5,983
$
6,583
$
11,073
$
9,283
$
31,961
$
22,410
Three Months Ended
Nine Months Ended
September 30,
September 30,
2010
2009
2010
2009
$
4,235
$
3,156
$
11,977
$
8,712
$
3,059
$
1,575
$
8,232
$
3,950
September 30,
2010
$
1,108
8,659
$
9,767
$
8,900
6,175
$
15,075
Table of Contents
Table of Contents
Table of Contents
Percent of Net Sales
Percentage Dollar
Increase
Three months ended September 30,
(Decrease)
2010
2009
'09 to '10
100.0
%
100.0
%
33.6
(62.6
)
(69.2
)
20.8
37.4
30.8
62.3
(19.1
)
(21.6
)
18.2
18.3
9.2
165.6
0.2
0.7
(65.3
)
(1.8
)
(3.1
)
(21.8
)
0.2
(0.9
)
(123.6
)
16.9
5.9
280.2
3.3
(0.5
)
(949.9
)
13.6
6.4
181.5
(0.6
)
(0.7
)
10.7
13.0
5.7
201.5
2010
2009
$
163,120
$
122,122
2010
2009
$
102,143
$
84,547
$
60,977
$
37,575
37.4
%
30.8
%
Table of Contents
2010
2009
$
22,837
$
19,079
2010
2009
$
7,212
$
6,284
2010
2009
$
1,098
$
1,271
2010
2009
$
279
$
805
2010
2009
$
939
$
1,784
2010
2009
$
2,006
$
1,981
Table of Contents
2010
2009
$
251
$
(1,062
)
2010
2009
$
5,346
$
(629
)
2010
2009
$
907
$
819
Table of Contents
Percentage Dollar
Percent of Net Sales
Increase
Nine months ended September 30,
(Decrease)
2010
2009
'09 to '10
100.0
%
100.0
%
47.7
(63.9
)
(73.9
)
27.7
36.1
26.1
104.2
(19.9
)
(23.1
)
27.2
16.2
3.0
700.7
0.6
1.3
(33.8
)
(2.3
)
(4.0
)
(17.7
)
0.4
(0.4
)
(262.8
)
14.9
(0.1
)
(25,101.5
)
2.6
1.6
137.7
12.3
(1.7
)
(1,165.1
)
(0.6
)
(0.5
)
68.0
11.7
(2.2
)
(887.7
)
2010
2009
$
449,120
$
304,070
2010
2009
$
286,893
$
224,632
$
162,227
$
79,438
36.1
%
26.1
%
Table of Contents
2010
2009
$
65,678
$
50,375
2010
2009
$
20,403
$
16,944
2010
2009
$
3,304
$
3,480
2010
2009
$
2,587
$
3,907
2010
2009
$
4,317
$
5,709
2010
2009
$
5,713
$
6,471
2010
2009
$
1,749
$
(1,074
)
Table of Contents
2010
2009
$
11,705
$
4,924
2010
2009
$
2,532
$
1,507
Table of Contents
Table of Contents
Table of Contents
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Table of Contents
- 34 -
- 35 -
- 36 -
- 37 -
Table of Contents
Table of Contents
Exhibit
Attached
Number
Description
Form
Date of First Filing
Number
Herewith
S-3
September 8, 2005
3.1
8-K
July 23, 2007
3.1
S-3
August 25, 2005
4.1
S-3
October 4, 2006
4.1
S-3
October 4, 2006
4.3
10-Q
10.1
X
10-Q
10.2
X
8-K
September 16, 2010
8-K
September 16, 2010
X
X
X
X
Table of Contents
*
**
Table of Contents
- 38 -
/s/ Richard D. White
November 9, 2010
RICHARD D. WHITE
Chief Financial Officer, Treasurer and Secretary
(Duly Authorized Officer and Principal Financial and
Chief Accounting Officer)
-1-
-2-
-3-
(1) | sub-lease the Second Floor or exchange the use of the Second Floor with any third party without Ding Hongs prior written consent. | ||
(2) | alter the structure of the Second Floor or damage the Accommodation Building without Ding Hongs prior written consent. | ||
(3) | change the lease purpose stipulated by the competent authorities without Ding Hongs consent. | ||
(4) | do anything unlawful within the Second Floor Lease area. |
-4-
-5-
-6-
-7-
Shanghai Kai Hong Technology Co., Ltd.
|
||||
By | ||||
Authorized Representative | ||||
Date: | ||||
Shanghai Ding Hong Electronic Co., Ltd.
|
||||
By | ||||
Authorized Representative | ||||
Date: |
-8-
No. | Content | Requirements | Note | |||
1
|
Dorm Room | 1. Per capita use area of 3 square meters / person. No more than 12 people in each room. | Including the bathroom area | |||
|
||||||
2
|
2. 6 bunk bed with metal frameworks per room, and a 14-people room is equipped with 7 bunk beds with metal frameworks. | |||||
|
||||||
3
|
3. Each room is equipped with the curtains, two tables, three chests, six stools, two sets of storage lockers for 12-14 people. | |||||
|
||||||
4
|
4. Each room has at least six electric sockets. | |||||
|
||||||
5
|
5. Each room has a ceiling fan and fluorescent lighting. | |||||
|
||||||
6
|
Bathroom | 1. Each bathroom has two toilets, a shower, a sink and two faucets. | ||||
|
||||||
7
|
2. Each bathroom is equipped with shower curtains, towel racks, mirrors and soap holders. | |||||
|
||||||
8
|
3. The waterproof mechanism in the shower room within each bathroom needs to be plastered high enough, and the exhaust fan needs to have high efficiency. | |||||
|
||||||
9
|
4. The floor of the bathroom needs to install slippery-preventative tiles, and the floor drain should be installed at the lowest point of the floor. | |||||
|
||||||
10
|
Common Area | 1. The Common Area has a cloth-dry room. | Based on the actual structure | |||
|
||||||
11
|
2. The Common Area has a laundry room. | |||||
|
||||||
12
|
3. The Common Area has a television room. | Based on the actual structure | ||||
|
||||||
13
|
Facility Installation | 1. need each facilitys installation drawings for water pipes and electrical wiring. | ||||
|
||||||
14
|
2. Dorm rooms cold and hot water main switches and power switches should be installed at clear and obvious locations. | |||||
|
||||||
15
|
Public Safety | 1. Dorm rooms should have emergency exits and should install fireproof doors. | ||||
|
||||||
16
|
2. There should be floor fire hydrants, fire extinguishers, smoke detectors and other fire prevention equipment within the building. | |||||
|
||||||
17
|
3. Dorm rooms renovation should include a fire safety inspection report. |
-9-
-10-
1. |
This Memorandum of Understanding (MOU) is based on the request from Diodes Shanghai
Company Limited (DSH or Lessee) that starting from September 1, 2010, DSH will not
extend the use of the security firm and its guards (Security Guards) as previously
provided by Shanghai Yuan Hao Electronic Company Limited (Yuan Hao or Leaser).
|
|
2. |
For the purpose of improving coordination with DSHs operation, Yuan Hao agrees to
fully withdraw Security Guards at the address, No. 1, Lane 18, San Zhuang Road, Songjiang
Export Zone, Shanghai, Peoples Republic of China (the Location), before September 1,
2010, including withdraw those stationed at the posts as specified in
Exhibit A
to
this MOU. From that day onward, the security firm hired by DSH shall be responsibility
for all security matters, including those posts as specified in
Exhibit A
to this
MOU.
|
|
3. |
Leaser has the right to conduct examination and inspect public factory zone and
buildings facilities, sanitation and environment (the Inspection) at DSHs lease
operation Location (but Leaser shall request and notify the Lessee at least two (2) days
prior to the planned Inspection and can proceed with such Inspection after receiving
Lessees arrangement for such Inspection). While conducting the Inspection, the
Inspection personnel shall be accompanied by DSHs designated persons and DSHs own
security guards at the same time.
|
|
4. |
Beginning from September 1, 2010, DSH shall be fully responsible for any such
problems
caused by security mismanagement at the Location.
|
- 1 -
5. |
On August 31, 2010, both parties shall conduct the transfer of security guards and
work at facilities at the Location (the Transfer), and the Transfer procedures shall be
processed, inspected and examined by the respective administrative personnel as designated
by each party.
|
|
6. |
Leaser agrees to continue to be fully responsible for Locations property safety
management (other than security management).
|
|
7. |
The Lease Facility Safety Management Agreement and other related terms and conditions
in lease agreements signed by both parties shall remain unchanged (except those related to
security management).
|
|
8. |
Language: This MOU is written in Chinese and English languages. The content of both
language versions are the same, but the Chinese version of the MOU shall be the
determinative version of the MOU. (According to the laws of the Peoples Republic of China
(PRC) that all entities registered in PRC must make the determinative version of signed
documents in Chinese).
|
|
9. |
Both parties shall continue each partys respective obligations under this MOU while
conducting friendly negotiation.
|
|
10. |
This version of MOU is made in 2 copies. Each party shall retain a copy.
|
Shanghai Yuan Hao Electronic Company Limited
|
Diodes Shanghai Company Limited | |
|
||
Transferor
|
Transferee: | |
|
||
Date:
|
Date: |
- 2 -
Transfer Completion Status | ||||
Facility Number | Post Description | ( ü ) | ||
1
|
#1 Manufacturing Building | |||
2
|
#2 Manufacturing Building | |||
3
|
#3 Facility Building | |||
4
|
#4 Facility Building | |||
5
|
N2 H2 Station | |||
6
|
Transformation Station | |||
7
|
Electric Generator Station | |||
8
|
Gate Post |
Shanghai Yuan Hao Electronic Company Limited
|
Diodes Shanghai Company Limited | |
|
||
Transferor
|
Transferee: | |
|
||
Date:
|
Date: |
- 3 -
/s/ Keh-Shew Lu
|
||
|
||
Keh-Shew Lu
|
||
President and Chief Executive Officer
|
||
Date: November 9, 2010
|
/s/ Richard D. White
|
||
|
||
Richard D. White
|
||
Chief Financial Officer
|
||
Date: November 9, 2010
|
/s/ Keh-Shew Lu
|
||
|
||
Keh-Shew Lu
|
||
President and Chief Executive Officer
|
||
Date: November 9, 2010
|
/s/ Richard D. White
|
||
|
||
Richard D. White
|
||
Chief Financial Officer
|
||
Date: November 9, 2010
|