UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the Month of March 2021
(Commission File. No. 000-30718).
SIERRA WIRELESS, INC.
(Translation of registrant’s name in English)
13811 Wireless Way
Richmond, British Columbia, Canada V6V 3A4
(Address of principal executive offices and zip code)
Registrant’s Telephone Number, including area code: 604-231-1100
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F:
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
SIGNATURES
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.
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Sierra Wireless, Inc.
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By:
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/s/ Samuel Cochrane
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Samuel Cochrane, Chief Financial Officer
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Date: March 24, 2021
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INCORPORATION BY REFERENCE
This Report on Form 6-K is incorporated by reference into the Registration Statement on Form S-8 of the registrant, which was filed with the Securities and Exchange Commission on March 31, 2016 (File No. : 333-210315).
FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1. Name and Address of Company
SIERRA WIRELESS, INC. ("Sierra Wireless" or the "Company")
13811 Wireless Way
Richmond, B.C.
V6V 3A4
Item 2. Date of Material Change
March 20, 2021
Item 3. News Release
A press release announcing the change referred to in this report was issued on March 23, 2021. The press release was disseminated via Business Wire and subsequently filed on the Company's SEDAR profile.
Item 4. Summary of Material Change
Sierra Wireless was the subject of a ransomware attack on its internal IT systems on March 20, 2021. As a result of the ransomware attack, Sierra Wireless halted production at its manufacturing sites. The Company’s website and other internal operations have also been disrupted by the attack. Due to these disruptions, Sierra Wireless has withdrawn the First Quarter 2021 guidance it provided on February 23, 2021.
Item 5. Full Description of Material Change
Sierra Wireless was the subject of a ransomware attack on its internal IT systems on March 20, 2021.
Once the Company learned of the attack, its IT and operations teams immediately implemented measures to counter the attack in accordance with established cybersecurity procedures and policies that were developed in collaboration with third-party advisors. These teams, with the assistance of these and additional third-party advisors, believe they have addressed the attack, and are currently working to bring Sierra Wireless’ internal IT systems back online.
At this time, Sierra Wireless believes the impact of the attack was limited to Sierra Wireless systems, as the company maintains a clear separation between its internal IT systems and customer facing products and services.
As a result of the ransomware attack, Sierra Wireless halted production at its manufacturing sites. The Company’s website and other internal operations have also been disrupted by the attack. The Company believes it will restart production at these facilities and resume normal operations soon.
Due to these disruptions, Sierra Wireless has withdrawn the First Quarter 2021 guidance it provided on February 23, 2021.
Item 6. Reliance on Subsection 7.1(2) or (3) of National Instrument 51-102
Not applicable
Item 7. Omitted Information
Not applicable
Item 8. Executive Officer
For further information, please contact
Samuel Cochrane, Chief Financial Officer at Sierra Wireless, Inc., 13811 Wireless Way, Richmond, B.C., V6V 3A4, Telephone: (604) 231-1100.
Item 9. Date of Report
This material change report is dated as of March 24, 2021.