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Silicom Ltd. – ‘6-K’ for 12/31/23

On:  Monday, 3/18/24, at 8:03am ET   ·   For:  12/31/23   ·   Accession #:  1178913-24-970   ·   File #:  0-23288

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/18/24  Silicom Ltd.                      6-K        12/31/23   90:9.3M                                   Z-K Global Ltd./FA

Current, Quarterly or Annual Report by a Foreign Issuer   —   Form 6-K   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 6-K         Current, Quarterly or Annual Report by a Foreign    HTML     35K 
                Issuer                                                           
 2: EX-99.1     Miscellaneous Exhibit -- exhibit_99-1               HTML   1.63M 
 3: EX-99.2     Miscellaneous Exhibit -- exhibit_99-2               HTML     71K 
 4: EX-99.3     Miscellaneous Exhibit -- exhibit_99-3               HTML     24K 
 5: EX-99.4     Miscellaneous Exhibit -- exhibit_99-4               HTML     25K 
11: R1          Document And Entity Information                     HTML     43K 
12: R2          Consolidated Balance Sheets                         HTML    125K 
13: R3          Consolidated Balance Sheets (Parenthetical)         HTML     36K 
14: R4          Consolidated Statements of Operations               HTML    106K 
15: R5          Consolidated Statements of Changes In               HTML     78K 
                Shareholders' Equity                                             
16: R6          Consolidated Statements of Cash Flows               HTML    125K 
17: R7          General                                             HTML     29K 
18: R8          Summary of Significant Accounting Policies          HTML    129K 
19: R9          Cash and Cash Equivalents                           HTML     37K 
20: R10         Marketable Securities                               HTML     97K 
21: R11         Other Receivables                                   HTML     38K 
22: R12         Inventories                                         HTML     37K 
23: R13         Property, Plant and Equipment, Net                  HTML     44K 
24: R14         Intangible Assets                                   HTML     51K 
25: R15         Other accounts payable and accrued expenses         HTML     38K 
26: R16         Leases                                              HTML     79K 
27: R17         Assets Held and Liability for Employees' Severance  HTML     36K 
                Benefits                                                         
28: R18         Shareholders' Equity                                HTML    236K 
29: R19         Geographic areas and major customers                HTML     73K 
30: R20         Financial Income (Expenses), Net                    HTML     42K 
31: R21         Taxes on Income                                     HTML    187K 
32: R22         Goodwill                                            HTML     29K 
33: R23         Subsequent Events                                   HTML     28K 
34: R24         Summary of Significant Accounting Policies          HTML    187K 
                (Policies)                                                       
35: R25         Summary of Significant Accounting Policies          HTML     68K 
                (Tables)                                                         
36: R26         Cash and Cash Equivalents (Tables)                  HTML     35K 
37: R27         Marketable Securities (Tables)                      HTML    101K 
38: R28         Other Receivables (Tables)                          HTML     37K 
39: R29         Inventories (Tables)                                HTML     36K 
40: R30         Property, Plant and Equipment, Net (Tables)         HTML     42K 
41: R31         Intangible Assets (Tables)                          HTML     50K 
42: R32         Other accounts payable and accrued expenses         HTML     37K 
                (Tables)                                                         
43: R33         Leases (Tables)                                     HTML     84K 
44: R34         Shareholders' Equity (Tables)                       HTML    206K 
45: R35         Geographic areas and major customers (Tables)       HTML     70K 
46: R36         Financial Income (Expenses), Net (Tables)           HTML     40K 
47: R37         Taxes on Income (Tables)                            HTML    160K 
48: R38         Summary of Significant Accounting Policies          HTML     51K 
                (Narrative) (Details)                                            
49: R39         Summary of Significant Accounting Policies          HTML     37K 
                (Depreciation of Property, Plant and Equipment)                  
                (Details)                                                        
50: R40         Summary of Significant Accounting Policies          HTML     61K 
                (Computation of Basic and Diluted Income Per                     
                Ordinary Share) (Details)                                        
51: R41         Cash and Cash Equivalents (Details)                 HTML     36K 
52: R42         Marketable Securities (Held-To-Maturity             HTML     52K 
                Securities) (Details)                                            
53: R43         Marketable Securities (Schedule of Reconciliation   HTML     35K 
                of Marketable Securities) (Details)                              
54: R44         Marketable Securities (Summary of Investment        HTML     38K 
                Securities in an Unrealized Loss Position)                       
                (Details)                                                        
55: R45         Other Receivables (Details)                         HTML     34K 
56: R46         Inventories (Details)                               HTML     33K 
57: R47         Inventories (Narrative) (Details)                   HTML     26K 
58: R48         Property, Plant and Equipment, Net (Details)        HTML     43K 
59: R49         Intangible Assets (Schedule of net Intangible       HTML     48K 
                Assets) (Details)                                                
60: R50         Other accounts payable and accrued expenses         HTML     35K 
                (Details)                                                        
61: R51         Leases (Schedule of Operating Lease Cost)           HTML     34K 
                (Details)                                                        
62: R52         Leases (Schedule of Supplemental Cash Flow          HTML     32K 
                Information Operating Lease) (Details)                           
63: R53         Leases (Schedule of Supplemental Balance Sheet      HTML     37K 
                Information Operating Lease) (Details)                           
64: R54         Leases (Schedule of Future Minimum Lease Payments)  HTML     44K 
                (Details)                                                        
65: R55         Assets Held and Liability for Employees' Severance  HTML     27K 
                Benefits (Details)                                               
66: R56         Shareholders' Equity (Share Option Plan) (Details)  HTML     47K 
67: R57         Shareholders' Equity (RSUs Granted in 2017 and      HTML     43K 
                2020) (Narrative) (Details)                                      
68: R58         Shareholders' Equity (Stock Options Granted in      HTML     77K 
                2017 and 202020) (Narrative) (Details)                           
69: R59         Shareholders' Equity (Fair Value Assumptions)       HTML     82K 
                (Details)                                                        
70: R60         Shareholders' Equity (Stock Option Summary)         HTML     49K 
                (Details)                                                        
71: R61         Shareholders' Equity (Intrinsic Value of Stock      HTML     31K 
                Options) (Narrative) (Details)                                   
72: R62         Shareholders' Equity (Stock Option Activity)        HTML     59K 
                (Details)                                                        
73: R63         Shareholders' Equity (Schedule Of Restricted Share  HTML     47K 
                Units Activity) (Details)                                        
74: R64         Shareholders' Equity (Intrinsic Value of            HTML     36K 
                Restricted Share Units) (Narrative) (Details)                    
75: R65         Shareholders' Equity (Summary of Allocation of      HTML     52K 
                Stock-Based Compensation Expenses) (Details)                     
76: R66         Geographic areas and major customers (Sales By      HTML     44K 
                Geographic Region) (Details)                                     
77: R67         Geographic areas and major customers (Sales to      HTML     38K 
                Single Customers Exceeding 10% of Sales) (Details)               
78: R68         Geographic areas and major customers (Schedule of   HTML     33K 
                Locations of Company's Long Lived Assets)                        
                (Details)                                                        
79: R69         Financial Income (Expenses), Net (Details)          HTML     33K 
80: R70         Taxes on Income (Narrative) (Details)               HTML     68K 
81: R71         Taxes on Income (Income Before Income Taxes and     HTML     62K 
                Income Taxes Expense (Benefit) Included in the                   
                Consolidated Statements of Operations) (Details)                 
82: R72         Taxes on Income (Deferred Tax Assets and            HTML     68K 
                Liabilities) (Details)                                           
83: R73         Taxes on Income (Reconciliation of Statutory Tax    HTML     48K 
                Expense To Actual Tax Expense) (Details)                         
84: R74         Goodwill (Narrative) (Details)                      HTML     29K 
85: R75         Subsequent Events (Narrative) (Details)             HTML     33K 
87: XML         IDEA XML File -- Filing Summary                      XML    170K 
90: XML         XBRL Instance -- zk2431121_htm                       XML   2.40M 
86: EXCEL       IDEA Workbook of Financial Report Info              XLSX    150K 
 7: EX-101.CAL  XBRL Calculations -- silc-20231231_cal               XML    190K 
 8: EX-101.DEF  XBRL Definitions -- silc-20231231_def                XML    465K 
 9: EX-101.LAB  XBRL Labels -- silc-20231231_lab                     XML   1.79M 
10: EX-101.PRE  XBRL Presentations -- silc-20231231_pre              XML    905K 
 6: EX-101.SCH  XBRL Schema -- silc-20231231                         XSD    219K 
88: JSON        XBRL Instance as JSON Data -- MetaLinks              497±   709K 
89: ZIP         XBRL Zipped Folder -- 0001178913-24-000970-xbrl      Zip    276K 


‘6-K’   —   Current, Quarterly or Annual Report by a Foreign Issuer


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 iX:   C: 
  SILICOM LTD. - 916793 - 2024  
 i 0000916793 i false

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
Form  i 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, 2024
 
Commission File Number  i 000-23288
 
 i SILICOM LTD.
(Translation of Registrant’s name into English)
 
 i 14 Atir Yeda St.,  i P.O.Box 2164,  i Kfar-Sava  i 4464323,  i Israel
(Address of Principal Executive Offices)
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
Form 20-F ☒     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):___
 

 
The Registrant hereby files its audited Consolidated Financial Statements for the year ended December 31, 2023. Under generally accepted accounting principles, the assessment of goodwill impairment is based on the market capitalization of the Registrant, using quoted market prices of the Registrant's stock. As a result of a significant decline in the Registrant's share price in recent months, which has to date not rebounded to prior levels, in the audited reports filed herewith, the Registrant deemed its entire goodwill of $25,561 thousand impaired and recorded an impairment charge of $25,561 thousand. The impairment has no impact on Registrant's previously announced, unaudited non-GAAP results.
 
Attached hereto as Exhibit 99.1 are Consolidated Financial Statements as of and for the year ended  i  i December 31, 2023 /  (including the notes thereto).
 
Attached hereto as Exhibit 99.2 is the registrant’s review of its results of operations and financial condition as of and the year ended December 31, 2023.
 
Attached hereto as Exhibit 99.3 is Consent of Kesselman & Kesselman, Certified Public Accountants (Isr.), A member of PricewaterhouseCoopers International Limited.
 
Attached hereto as Exhibit 99.4 is Management's Annual Report on Internal Control over Financial Reporting.
 
This Form 6-K, including all exhibits hereto, is hereby incorporated by reference into all effective registration statements filed by the registrant under the Securities Act of 1933.
 

 
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.
 
 
SILICOM LTD.
(Registrant)
 
 
 
 
 
By
 
 
 
 
Chief Financial Officer
 
 

 
 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘6-K’ Filing    Date    Other Filings
Filed on:3/18/24None on these Dates
For Period end:12/31/23
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