Form 8-K

8-K — Navitas Semiconductor Corp

Accession: 0001104659-26-055620

Filed: 2026-05-05

Period: 2026-05-05

CIK: 0001821769

SIC: 3674 (SEMICONDUCTORS & RELATED DEVICES)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — tm2613492d1_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (tm2613492d1_ex99-1.htm)

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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):

May 5, 2026

Navitas

Semiconductor Corporation

(Exact name of registrant

as specified in its charter)

Delaware

001-39755

85-2560226

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

3520

Challenger Street, Torrance,

California

90503-1640

(Address

of principal executive offices)

(Zip

Code)

Registrant’s telephone

number, including area code: (844) 654-2642

Check the appropriate box below if the Form 8-K

filing is intended to simultaneously satisfy the filing obligations 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 class

Trading

Symbol(s)

Name

of each exchange on which registered

Class

A Common Stock, par value $0.0001 per share

NVTS

The

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. ¨

Item 2.02. Results of Operations and Financial Condition.

On May 5, 2026, Navitas Semiconductor Corporation

issued a press release announcing its unaudited consolidated financial results for the quarterly period ended March 31, 2026. The

press release is furnished as Exhibit 99.1 to this report and is incorporated by reference herein.

Item 9.01. Financial Statements

and Exhibits.

(d) Exhibits.

Exhibit

Number

Description

99.1

Press

release, dated May 5, 2026

104

Cover

Page Interactive Data File (embedded within the Inline XBRL document)

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 hereunto duly authorized.

NAVITAS SEMICONDUCTOR CORPORATION

Dated: May 5, 2026

By:

/s/ Chris Allexandre

Chris Allexandre

President and Chief Executive Officer

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: tm2613492d1_ex99-1.htm · Sequence: 2

Exhibit 99.1

Navitas Semiconductor Announces First Quarter

2026 Financial Results

· Revenue grew 18% sequentially with expanded gross margin, driven by increased contribution

from high-power markets, including AI Data Centers, Grid and Energy Infrastructure, Performance Computing and Industrial Electrification

· High-power markets represented a large majority of total revenue, growing approximately

35% year-over-year

· Appointed Tonya Stevens as CFO to lead financial strategy and drive achievement

of key targets, including profitable growth, scaling of high-power business and operational excellence

· Anticipates continued sequential growth in the second quarter and throughout remainder

of 2026, driven by high-power markets

TORRANCE, Calif., May 5, 2026 – Navitas

Semiconductor, (Nasdaq: NVTS), an industry leader in next-generation GaNFast™ gallium nitride (GaN) and GeneSiC™ silicon carbide

(SiC) power semiconductors, today announced unaudited financial results for its first quarter 2026 ended March 31, 2026.

“The first quarter marked a return to top-line

sequential growth as we executed on our strategic transformation to Navitas 2.0 by continuing to pivot away from mobile and consumer to

focus on high-power markets with our GaN and high-voltage SiC solutions,” stated Chris Allexandre, President and CEO of Navitas.

“With growth being driven by high-power markets, the Company continued to reduce reliance on its historical mobile business with

high-power markets representing a growing and larger majority of total revenue.

“As demonstrated by our participation at

NVIDIA GTC and APEC, including the debut of our revolutionary 800V–6V and 800V-50V power delivery boards and our demonstrated 250

kW solid-state transformer solution, Navitas’ GaN and high-voltage SiC technologies are uniquely designed to address the power,

density and efficiency needs of the AI revolution. We are targeting a substantial secular growth opportunity across AI data center, energy

and grid infrastructure, performance computing, and industrial electrification, representing a $3.5 billion serviceable available market

(SAM) in 2030 and growing at a 60%-plus CAGR. Notably, GaN and high-voltage SiC are playing equally vital roles in the AI power revolution,

and Navitas is uniquely positioned with both technologies enabling more content, broader applications and a larger portion of the growth

opportunity.”

Commenting on the results, Tonya Stevens, CFO

of Navitas, stated, “We are pleased with the strong momentum and growth across our targeted high-power markets, resulting in revenue

growing 18% sequentially to $8.6 million, as well as expanded customer engagements and order backlog. This ongoing strategic shift drove

a more favorable revenue mix and a 30 basis point sequential improvement in non-GAAP gross margin for the quarter. We continue to expect

increased revenue contribution from high-power markets to deliver sequential top-line growth throughout the remainder of the year. Together

with our accelerated product roadmap and commitment to disciplined cost management, we aim to achieve a compelling combination of sustainable

growth with gradual expansion of gross margin and improving bottom-line results over the coming quarters.”

First Quarter 2026 Financial Highlights

· Revenue: Total revenue was $8.6 million in the first quarter of 2026, compared to $7.3 million

in the fourth quarter of 2025 and $14.0 million in the first quarter of 2025.

· Gross Margin: GAAP gross margin for the quarter was (9.3%), compared to (17.2%) in the fourth quarter

of 2025 and 9.1% in the first quarter of 2025. On a non-GAAP basis, gross margin for the quarter was 39.0% compared to 38.7% in the prior

quarter and 38.1% in the first quarter of 2025.

· Results from Operations: GAAP loss from operations for the quarter was $27.8 million, compared

to a loss of $41.4 million for the fourth quarter of 2025, which included a $16.6 million restructuring and impairment charge, and an

operating loss of $25.3 million for the first quarter of 2025. On a non-GAAP basis, loss from operations for the quarter was $11.7 million

compared to a loss of $12.1 million for the prior quarter and a loss of $11.8 million in the first quarter of 2025.

· Cash: Cash and cash equivalents were $221.0 million as of March 31, 2026, compared to $236.9 million

as of December 31, 2025.

Recent Business, Customer and Technology Highlights:

· Announced 20 kW 800 V to 6 V DC-DC power delivery board (PDB) at Nvidia’s GTC conference powered

by Navitas GaNFast™ technology, enabling higher-density AI data center architectures with direct conversion in one power stage,

targeting up to 97.5% peak efficiency at full load with 1Mhz switching frequency.

· Demonstrated a novel 250 kW solid-state transformer solution in partnership with EPFL at APEC 2026, featuring

Navitas’ GeneSiC™ 3300V and 1200V SiC devices to enable scalable 800 V DC distribution for next-generation AI data centers.

· Expanded 5th-generation GeneSiC™ 1200 V SiC MOSFET portfolio with the addition of top-side-cooled

QDPAK and low-profile TO-247-4L packages tailored for AI Data Centers PSU, delivering industry-leading power density, thermal performance

and ruggedness for higher-efficiency, and very compact power systems.

· Appointed ex-Broadcom executive and semiconductor veteran, Gregory Fischer, to the Board of Directors

as part of the Company’s strategic transformation and focus on high-power markets.

Second Quarter 2026 Business Outlook

· Second quarter 2026 net revenues are expected to increase to $10.0 million, plus or minus $0.5 million,

which at the midpoint represents over 16% sequential growth. Non-GAAP gross margin is expected to be 39.25%, plus or minus 75 basis points,

which at midpoint represents 25 basis point increase, and non-GAAP operating expenses are expected to be approximately flat sequentially

in a range between $14.5 and $15.5 million.

A reconciliation of our forward-looking

non-GAAP gross margin and non-GAAP operating expenses to the most directly comparable GAAP measures is not provided because such items

cannot be reasonably calculated without unreasonable efforts due to the unpredictability of the amounts and timing of events affecting

the items we exclude, including stock-based compensation expense and restructuring charges.

First Quarter 2026 Financial Results Conference Call and Webcast

Information:

· When: Tuesday, May 5, 2026

· Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)

· Toll Free Dial-in: 1-800-715-9871 or 1-646-307-1963

· Conference ID: 5910273

· Webcast: https://edge.media-server.com/mmc/p/cf4zzfj3

Additionally,

a live and archived audio webcast of the conference call as well as supporting presentation materials will be accessible from the Investor

Relations section of the Company’s website at ir.navitassemi.com.

Non-GAAP Financial Measures

This press release and statements in our public

webcast include financial measures that are not calculated in accordance with generally accepted accounting principles (“GAAP”),

which we refer to as “non-GAAP financial measures,” including (i) non-GAAP gross profit, (ii) non-GAAP gross margin, (iii)

non-GAAP operating expense, (iv) non-GAAP research and development expense, (v) non-GAAP selling, general and administrative expense,

(vi) non-GAAP loss from operations, (vii) non-GAAP operating margin, and (viii) non-GAAP net loss and net loss per share. Each of these

non-GAAP financial measures are adjusted from GAAP results to exclude certain expenses which are outlined in the “Reconciliation

of GAAP Results to Non-GAAP Financial Measures” tables below. We believe these non-GAAP financial measures provide investors with

useful supplemental information about our operating performance and enable comparison of financial trends and results between periods

where certain items may vary independently of business performance. We believe these non-GAAP financial measures offer an additional view

of our operations that, when coupled with the GAAP results and the reconciliations from corresponding GAAP financial measures, provide

a more complete understanding of the results of operations. However, these non-GAAP financial measures should be considered as a supplement

to, and not as a substitute for, or superior to, the corresponding measures calculated in accordance with GAAP.

Cautionary Statement Regarding Forward-Looking Statements

This press release, including the paragraph headed

“Near Term Business Outlook,” includes “forward-looking statements” within the meaning of Section 21E of the Securities

Exchange Act of 1934, as amended. Forward-looking statements are attempts to predict or indicate future events or trends or similar statements

that are not a reflection of historical fact. Forward-looking statements may be identified by the use of words such as “we expect”

or “are expected to be,” “estimate,” “plan,” “project,” “forecast,” “intend,”

“anticipate,” “believe,” “seek,” or other similar expressions. Forward-looking statements are made

based on estimates and forecasts of financial and performance metrics, projections of market opportunity and market share and current

indications of customer interest, all of which are based on various assumptions, whether or not identified in this press release. All

such statements are based on current expectations of the management of Navitas and are not predictions of actual future performance. Forward-looking

statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as,

a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult

or impossible to predict and will differ from assumptions and expectations. Many actual events and circumstances that affect performance

are beyond the control of Navitas, and forward-looking statements are subject to a number of uncertainties.

Our business is subject to certain risks that

could materially and adversely affect our business, financial condition, results of operations, or the value of our securities. These

and other risk factors are discussed in the Risk Factors section beginning on our most recent annual report on Form 10-K, as updated in

the Risk Factors section of our most recent quarterly report on Form 10-Q, and in other documents we file with the SEC. If any of these

risks, as discussed in more detail in our SEC reports, materialize or if our assumptions underlying forward-looking statements prove to

be incorrect, actual results could differ materially from the results implied by these forward-looking statements. Examples of some of

these risk factors include:

· Risks Related to High-Power Markets: Last year, we announced an enhanced focus on AI data centers,

energy and grid infrastructure, performance computing and industrial electrification, and a de-emphasis on mobile and consumer products.

We may not successfully execute our strategic transition to these new markets and customer applications, which could adversely affect

our business, results of operations, and financial condition. This strategic realignment entails significant operational, technical, and

market risks. Our success in these markets depends on factors including our ability to (i) develop and scale semiconductor solutions that

meet demanding power, efficiency, and performance requirements of our customers; (ii) compete against established incumbents with substantial

R&D and manufacturing resources; (iii) anticipate rapidly evolving customer needs and technological standards in these high-power

and high-performance segments; and (iv) secure design wins and long-term supply agreements in new and unfamiliar market segments.

· Market Acceptance and Addressable Market Uncertainty: The demand for our products, and our customers’

products, in new or emerging markets is difficult to forecast, as customer preferences may not be fully known and can evolve rapidly.

Further, demand for our products depends on the acceptance of underlying new and developing system architectures. For example, our predictions

for the use of GaN- and SiC-based products in 800 V AI data center power applications depend on assumptions regarding the acceptance and

growth of 800 V systems themselves. Our forecasts are based on market opportunities across a “Serviceable Addressable Market”

or “SAM”, which is based on a number of assumptions and predictions. We could be wrong about the size or timing of our SAM,

which could in turn diminish the market opportunities available to us.

· Unpredictable Historical Data and Competitive Dynamics: In established markets, revenue projections

can be supported by trends from prior periods. In contrast, there is little or no precedent for products aimed at new use cases, rendering

traditional forecasting methods less reliable. To the extent our products reshape or create new market landscapes, the competitive environment

may evolve in unexpected ways. For example, new competitors may emerge, or traditional competitors with established R&D and manufacturing

resources, and long-standing customer relationships, may choose to offer competitive GaN or high-voltage SiC solutions.

· Other Risk Factors: Other risk factors related to our business include our ability to achieve design

wins and to convince our current and prospective end customers to design our products into their product offerings, the risk that revenues

from design wins may not materialize, the possibility that we may fail to accurately anticipate and respond to rapid technological change

in the industries in which we operate or adopt to emerging industry standards, our dependence on a few key customer and distributors for

a significant portion of our revenue, and the fact our business is subject to volatile demand and seasonal fluctuations. In addition,

our supply chain is also subject to risks, including our reliance on single sources of supply for certain essential services, the risk

that our suppliers may have quality, yield or capacity issues, the fact that we are exposed to fluctuations in prices for raw materials

and components, and the risk that our products will not meet the reliability standards expected of high power semiconductor devices. This

is not a summary of all of the risks that could affect our business and you are encouraged to review the full list of risk factors in

our SEC filings.

Note Regarding Customer Pipeline and Design Wins

In our investor and other communications we may

refer to the terms “customer pipeline” and “design wins” in discussions of potential future business opportunities.

Each of these terms, together with information we may disclose about anticipated future business in relation to these terms, constitute

“forward-looking statements” as described above and, accordingly, should be interpreted in light of related risks which, if

materialized, could cause actual results to differ materially from those indicated from our view of customer pipeline and design wins

today. More specifically, “customer pipeline” reflects estimated potential future business based on interest expressed by

potential customers for qualified programs, stated in terms of estimated revenue that may be realized over the life of the customer’s

end product. A “design win” reflects an end customer’s selection of a Navitas product for a specific production program,

stated in terms of revenues that may be realized over the life of the customer’s end product. However, customer pipeline figures

and design wins do not represent customer orders or forecasts, are not proxies for backlog or estimates of future revenue, and should

not be considered as any other measure or indicator of financial performance. Rather, Navitas uses these terms to indicate the company’s

current view of future potential business and related changes across various end markets. Time horizons vary based on product type and

application. As a result, actual business realized will depend on several factors, including (i) whether potential customers ultimately

choose the Navitas solution, (ii) the portion of the customer program awarded to the Navitas solution as compared to other sources in

dual- or multiple-source cases, (iii) successful customer qualification of the selected solution, (iv) the time needed for customers to

begin mass production, (v) the duration and pace of the customer’s ramp to full production, and (vi) strategic decisions of Navitas

throughout the process based on expected revenues, margins and other factors relating to pipeline opportunities and design wins.

About Navitas

Navitas

Semiconductor (Nasdaq: NVTS) is a next-generation power semiconductor leader in gallium nitride (GaN) and IC integrated devices, and high-voltage

silicon carbide (SiC) technology, driving innovation across AI data centers, energy and grid infrastructure, performance computing and

industrial electrification. With more than 30 years of combined expertise in wide bandgap technologies, GaNFast™ power ICs integrate

GaN power, drive, control, sensing, and protection, delivering faster power delivery, higher system density, and greater efficiency. GeneSiC™

high-voltage SiC devices leverage patented trench-assisted planar technology to provide industry-leading voltage capability, efficiency,

and reliability for medium-voltage grid and infrastructure applications. Navitas has over 300 patents issued or pending and is the world’s

first semiconductor company to be CarbonNeutral®-certified.

Navitas

Semiconductor, GaNFast, GaNSense, GeneSiC, and the Navitas logo are trademarks or registered trademarks of Navitas Semiconductor Limited

and affiliates. All other brands, product names, and marks are or may be trademarks or registered trademarks used to identify products

or services of their respective owners.

Investor Relations Contacts:

Shelton Group

Leanne Sievers | Brett Perry

nvts-ir@sheltongroup.com

NAVITAS SEMICONDUCTOR CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (GAAP) - UNAUDITED

(dollars in thousands, except per share amounts)

Three Months Ended March 31,

2026

2025

Net revenues

$ 8,598

$ 14,018

Cost of revenues (exclusive of amortization of intangible assets included below)

5,361

8,711

Operating expenses:

Research and development

14,567

12,668

Selling, general and administrative

11,252

11,740

Amortization of intangible assets

4,734

Restructuring expense

450

1,469

Total operating expenses

31,003

30,611

Loss from operations

(27,766 )

(25,304 )

Other income (expense), net:

Interest income (expense), net

264

(38 )

Dividend income

1,688

744

(Loss) Gain from change in fair value of earnout liabilities

(7,914 )

8,113

Other income

Total other income (expense), net

(5,952 )

8,837

Loss before income taxes

(33,718 )

(16,467 )

Income tax provision (benefit)

Equity method investment (loss) gain

—

(280 )

Net loss

$ (33,785 )

$ (16,829 )

Net loss per common share

Basic

$ (0.15 )

$ (0.09 )

Diluted

$ (0.15 )

$ (0.09 )

Shares used in per share calculation:

Basic

229,988

187,784

Diluted

229,988

187,784

NAVITAS SEMICONDUCTOR CORPORATION

RECONCILIATION OF GAAP RESULTS TO NON-GAAP FINANCIAL MEASURES - UNAUDITED

(dollars in thousands, except per share amounts)

Three Months Ended

March 31, 2026

December 31, 2025

March 31, 2025

RECONCILIATION OF GROSS PROFIT MARGIN

GAAP Net revenues

$ 8,598

$ 7,296

$ 14,018

Cost of revenues (exclusive of amortization of intangibles)

(5,361 )

(4,514 )

(8,711 )

Cost of revenues (amortization of intangibles)

(4,036 )

(4,035 )

(4,032 )

GAAP Gross profit

(799 )

(1,253 )

1,275

GAAP Gross margin

(9.3 )%

(17.2 )%

9.1 %

Cost of revenues (amortization of intangibles)

4,036

4,035

4,032

Stock-based compensation expense

117

Non-GAAP Gross profit

$ 3,354

$ 2,824

$ 5,343

Non-GAAP Gross margin

39.0 %

38.7 %

38.1 %

RECONCILIATION OF OPERATING EXPENSES

GAAP Research and development

$ 14,567

$ 12,386

$ 12,668

Stock-based compensation expenses

(5,212 )

(4,316 )

(3,838 )

Non-GAAP Research and development

9,355

8,070

8,830

GAAP Selling, general and administrative

11,252

10,475

11,740

Stock-based compensation expenses

(5,009 )

(3,600 )

(3,098 )

Other expense

(585 )

(69 )

(308 )

Non-GAAP Selling, general and administrative

5,658

6,806

8,334

Total Non-GAAP Operating expenses

$ 15,013

$ 14,876

$ 17,164

RECONCILIATION OF LOSS FROM OPERATIONS

GAAP Loss from operations

$ (27,766 )

$ (41,393 )

$ (25,304 )

GAAP Operating margin

(322.9 )%

(567.3 )%

(180.5 )%

Add: Stock-based compensation expenses included in:

Research and development

5,212

4,316

3,838

Selling, general and administrative

5,009

3,600

3,098

Cost of goods sold

117

Total

10,338

7,958

6,972

Amortization of acquisition-related intangible assets

4,734

Restructuring, impairment and other expense

1,035

16,649

1,777

Non-GAAP Loss from operations

$ (11,659 )

$ (12,052 )

$ (11,821 )

Non-GAAP Operating margin

(135.6 )%

(165.2 )%

(84.3 )%

RECONCILIATION OF NET LOSS PER SHARE

GAAP Net loss

$ (33,785 )

$ (31,815 )

$ (16,829 )

Adjustments to GAAP Net loss

Total stock-based compensation

10,338

7,958

6,972

Loss (Gain) from change in fair value of earnout liabilities

7,914

(8,271 )

(8,113 )

Amortization of acquisition-related intangible assets

4,734

Restructuring, impairment and other expense

1,035

16,649

1,777

Equity method investment loss (gain)

—

294

280

Non-GAAP Net loss

$ (9,764 )

$ (10,451 )

$ (11,179 )

Average shares outstanding for calculation of non-GAAP Net loss per share (basic and diluted)

229,988

222,344

187,784

Non-GAAP Net loss per share (basic and diluted)

$ (0.04 )

$ (0.05 )

$ (0.06 )

NAVITAS SEMICONDUCTOR CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED

(dollars in thousands)

March 31, 2026

December 31, 2025

ASSETS

Current assets

Cash and cash equivalents

$ 221,008

$ 236,857

Accounts receivable, net

3,727

3,621

Inventories

14,925

13,283

Prepaid expenses and other current assets

4,227

4,399

Restricted cash

2,362

1,745

Total current assets

246,249

259,905

Property and equipment, net

9,123

9,779

Operating lease right of use assets

5,115

5,166

Finance lease right of use assets

684

766

Intangible assets, net

48,524

53,258

Goodwill

163,215

Other assets

8,457

8,380

Total assets

$ 481,367

$ 500,469

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities

Accounts payable and other accrued expenses

$ 18,437

$ 22,350

Accrued compensation expenses

5,592

4,949

Operating lease liabilities, current

1,949

1,866

Finance lease liabilities, current

327

323

Earnout liability, current

30,546

22,632

Total current liabilities

56,851

52,120

Operating lease liabilities noncurrent

3,689

3,827

Finance lease liabilities noncurrent

373

456

Deferred tax liabilities

405

Total liabilities

61,318

56,808

Stockholders' equity

420,049

443,661

Total liabilities and stockholders’ equity

$ 481,367

$ 500,469

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- Definition

Name of the City or Town

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No definition available.

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- Definition

Code for the postal or zip code

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No definition available.

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- Definition

Name of the state or province.

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No definition available.

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- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Indicate if registrant meets the emerging growth company criteria.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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Name:

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- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

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No definition available.

+ Details

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- Definition

Two-character EDGAR code representing the state or country of incorporation.

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No definition available.

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- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Local phone number for entity.

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No definition available.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

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- Definition

Title of a 12(b) registered security.

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-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

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- Definition

Name of the Exchange on which a security is registered.

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-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

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Name:

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Data Type:

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

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- Definition

Trading symbol of an instrument as listed on an exchange.

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No definition available.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

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