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			8K
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			<font style="display: inline;font-weight:bold;font-size:18pt;">UNITED STATES </font>
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			<font style="display: inline;font-weight:bold;font-size:18pt;">SECURITIES AND EXCHANGE COMMISSION </font>
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			<font style="display: inline;font-weight:bold;">Washington, DC 20549 </font>
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			<font style="display: inline;font-weight:bold;font-size:18pt;">FORM 8-K </font>
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			<font style="display: inline;font-weight:bold;font-size:13.5pt;">CURRENT REPORT </font>
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			<font style="display: inline;font-weight:bold;">Pursuant to Section&nbsp;13 or 15(d) of The </font>
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			<font style="display: inline;font-weight:bold;">Securities Exchange Act of 1934 </font>
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			<font style="display: inline;font-weight:bold;">Date of Report (Date of earliest even</font><font style="display: inline;font-weight:bold;">t reported) </font><font style="display: inline;font-weight:bold;">October </font><font style="display: inline;font-weight:bold;">21, </font><font style="display: inline;font-weight:bold;">2014</font><font style="display: inline;font-weight:bold;">&nbsp;</font>
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			<font style="display: inline;font-weight:bold;font-size:24pt;">PMC-Sierra, Inc. </font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">(Exact name of registrant as specified in its charter) </font>
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						<font style="display: inline;font-weight:bold;font-size:10pt;">Delaware</font></p>
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						<font style="display: inline;font-weight:bold;font-size:10pt;">0-19084</font></p>
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						<font style="display: inline;font-weight:bold;font-size:10pt;">94-2925073</font></p>
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						<font style="display: inline;font-weight:bold;font-size:7.5pt;">(State or other jurisdiction of</font></p>
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						<font style="display: inline;font-weight:bold;font-size:7.5pt;">incorporation)</font></p>
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						<font style="display: inline;font-weight:bold;font-size:7.5pt;">(Commission</font></p>
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						<font style="display: inline;font-weight:bold;font-size:7.5pt;">File Number)</font></p>
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						<font style="display: inline;font-weight:bold;font-size:7.5pt;">(IRS Employer</font></p>
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						<font style="display: inline;font-weight:bold;font-size:7.5pt;">Identification No.)</font></p>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">1380 Bordeaux Drive </font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">Sunnyvale, CA 94089 </font>
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			<font style="display: inline;font-weight:bold;font-size:7.5pt;">(Address of principal executive offices, including zip code) </font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">(408) 239-8000 </font>
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			<font style="display: inline;font-weight:bold;font-size:7.5pt;">(Registrant&#x2019;s telephone number, including area code) </font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">Not Applicable </font>
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			<font style="display: inline;font-weight:bold;font-size:7.5pt;">(Former name or former address, if changed since last report) </font>
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			<font style="display: inline;font-size:4.5pt;">&nbsp;</font>
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			<font style="display: inline;font-size:10pt;">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 (see General Instruction A.2. below): </font>
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						<font style="display: inline;font-size:10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </font></p>
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						<font style="display: inline;font-size:10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </font></p>
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						<font style="display: inline;font-size:10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </font></p>
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					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#x25FB;</font></p>
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					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </font></p>
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		<p style="margin:0pt;border-bottom:1pt solid #000000 ;line-height:normal;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
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					<p style="margin:0pt;line-height:normal;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display: inline;font-size:1pt;">&nbsp;</font></p>
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					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">Item&nbsp;5.02.</font></p>
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					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. </font></p>
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		<p style="margin:4.5pt 0pt 0pt;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;">1</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:4.5pt 0pt 0pt;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-weight:bold;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">On</font><font style="display: inline;font-size:10pt;"> October </font><font style="display: inline;font-size:10pt;">21</font><font style="display: inline;font-size:10pt;">, 2014, Robert M. Liszt, </font><font style="display: inline;font-size:10pt;">a named executive o</font><font style="display: inline;font-size:10pt;">fficer of </font><font style="display: inline;font-size:10pt;">PMC-Sierra, Inc. (the &#x201C;Company&#x201D;)</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">resigned </font><font style="display: inline;font-size:10pt;">as the Company&#x2019;s Vice President of Worldwide Sales </font><font style="display: inline;font-size:10pt;">effective as of December 8, 2014</font><font style="display: inline;font-size:10pt;"> (the &#x201C;Separation Date&#x201D;)</font><font style="display: inline;font-size:10pt;">.&nbsp;&nbsp;In connection therewith, the Company and Mr. Liszt </font><font style="display: inline;font-size:10pt;">entered </font><font style="display: inline;font-size:10pt;">into a letter agreement da</font><font style="display: inline;font-size:10pt;">ted October 22</font><font style="display: inline;font-size:10pt;">, 2014 (the &#x201C;Agreement&#x201D;)</font><font style="display: inline;font-size:10pt;">.&nbsp;&nbsp;Under the Agreement,</font><font style="display: inline;font-size:10pt;">(i)</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">i</font><font style="display: inline;font-size:10pt;">n exchange for Mr. Liszt&#x2019;s agreement not to compete with Company or solicit </font><font style="display: inline;font-size:10pt;">its employees for a one-year period, the Company will pay Mr. Liszt the equivalent of one year of his annual salary</font><font style="display: inline;font-size:10pt;"> and</font><font style="display: inline;font-size:10pt;"> one year of his </font><font style="display: inline;font-size:10pt;">Short Term Incentive Program bonus at target (70%</font><font style="display: inline;font-size:10pt;"> of base salary</font><font style="display: inline;font-size:10pt;">) in five installments beginning in January 2015 and ending December 2015</font><font style="display: inline;font-size:10pt;">, (ii)</font><font style="display: inline;font-size:10pt;"> the Company will pay up to one year of premiums </font><font style="display: inline;font-size:10pt;">for Mr. Liszt and his dependents to obtain continuing medical coverage </font><font style="display: inline;font-size:10pt;">under the Consolidated Omnibus Budget Reconciliation Act of 1985</font><font style="display: inline;font-size:10pt;">, &nbsp;</font><font style="display: inline;font-size:10pt;">as amended</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">and (iii) on the Separation Date, Mr. Liszt will execute a general release of claims for the benefit of the Company and related parties.</font><font style="display: inline;font-size:10pt;"> The </font><font style="display: inline;font-size:10pt;">Agreement </font><font style="display: inline;font-size:10pt;">is filed herewith as </font><font style="display: inline;font-size:10pt;">E</font><font style="display: inline;font-size:10pt;">xhibit </font><font style="display: inline;font-size:10pt;">10</font><font style="display: inline;font-size:10pt;">.1</font><font style="display: inline;font-size:10pt;"> to this Current Report on Form 8-K and is incorporated by reference herein</font><font style="display: inline;font-size:10pt;">.</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 13pt">
			<font style="display: inline;font-size:13.5pt;">&nbsp;</font>
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					<p style="margin:0pt;line-height:normal;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display: inline;font-size:1pt;">&nbsp;</font></p>
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					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">Item&nbsp;9.01</font></p>
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					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">Financial Statements and Exhibits. </font></p>
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		<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 4pt">
			<font style="display: inline;font-size:4.5pt;">&nbsp;</font>
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					<p style="margin:0pt;line-height:normal;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display: inline;font-size:1pt;">&nbsp;</font></p>
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					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">(d)</font></p>
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				<td valign="top" style="width:518.40pt;padding:0pt;">
					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Exhibits. </font></p>
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			</tr>
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		<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 9pt">
			<font style="display: inline;font-size:9pt;">&nbsp;</font>
		</p>
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					<p style="margin:0pt;line-height:normal;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display: inline;font-size:1pt;">&nbsp;</font></p>
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					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Exhibit&nbsp;No.</font></p>
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					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp;&nbsp;</font></p>
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					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Description</font></p>
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					<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp;</font></p>
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				<td colspan="2" valign="middle" style="width:476.75pt;padding:0pt;">
					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Times New Roman;font-size: 11pt">
						&nbsp;</p>
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					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">10.1</font></p>
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					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Times New Roman;font-size: 7pt">
						<font style="display: inline;font-size:7.5pt;">&nbsp;&nbsp;</font></p>
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					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Le</font><font style="display: inline;font-size:10pt;">tter Agreement dated October 22</font><font style="display: inline;font-size:10pt;">, 2014 between the Company and Robert M. Liszt</font></p>
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		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 7pt">
			<font style="display: inline;font-size:7.5pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 12pt">
			&nbsp;
		</p></div><div style="margin-left:36pt;margin-right:36pt;">
		<p style="margin:0pt;text-align:center;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;">2</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:center;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-weight:bold;font-size:10pt;">SIGNATURES </font>
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		<p style="margin:9pt 0pt 0pt;text-indent:24.5pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">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. </font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 9pt">
			<font style="display: inline;font-size:9pt;">&nbsp;</font>
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					<p style="margin:0pt;line-height:normal;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display: inline;font-size:1pt;">&nbsp;</font></p>
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				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:184.15pt;height:1.00pt;padding:0pt 6.5pt">
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						&nbsp;</p>
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						&nbsp;</p>
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					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 9pt">
						<font style="display: inline;font-size:9pt;">&nbsp;</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
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					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
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					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
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					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">PMC-Sierra, Inc.</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 9pt">
						<font style="display: inline;font-size:9pt;">&nbsp;</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
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					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:27.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
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					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:32.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Date:</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:184.15pt;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">October 27</font><font style="display: inline;font-size:10pt;">, 2014</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:99.25pt;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:27.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">By</font><font style="display: inline;font-size:10pt;">:</font></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:207.90pt;border-bottom:1pt solid #000000 ;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">/s/ Alinka Flaminia</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:32.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 9pt">
						<font style="display: inline;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:184.15pt;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:99.25pt;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:27.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:207.90pt;border-top:1pt solid #000000 ;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Alinka Flaminia</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:32.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 9pt">
						<font style="display: inline;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:184.15pt;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:99.25pt;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:27.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:207.90pt;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Vice President, General Counsel,</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:32.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 9pt">
						<font style="display: inline;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:184.15pt;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:99.25pt;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:27.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:207.90pt;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Corporate Secretary</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 9pt">
			<font style="display: inline;font-size:9pt;">&nbsp;</font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;">3</font>

		</p>

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[{"type": "8-K", "sequence": "1", "filename": "pmcs-20141027x8k.htm", "description": "8-K", "secsgml_size_bytes": 48557}]
{"company-data": {"conformed-name": "PMC SIERRA INC", "cik": "0000767920", "assigned-sic": "3674", "irs-number": "942925073", "state-of-incorporation": "DE", "fiscal-year-end": "1226"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-19084", "film-number": "141174744"}, "business-address": {"street1": "1380 BORDEAUX DRIVE", "city": "SUNNYVALE", "state": "CA", "zip": "94089", "phone": "408-369-1176"}, "mail-address": {"street1": "ATTENTION: TREASURER", "street2": "1380 BORDEAUX DRIVE", "city": "SUNNYVALE", "state": "CA", "zip": "94089"}, "former-company": {"former-conformed-name": "SIERRA SEMICONDUCTOR CORP", "date-changed": "19950419"}}
8K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 even
t reported)
October
21,
2014
PMC-Sierra, Inc.
(Exact name of registrant as specified in its charter)
Delaware
0-19084
94-2925073
(State or other jurisdiction of
incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
1380 Bordeaux Drive
Sunnyvale, CA 94089
(Address of principal executive offices, including zip code)
(408) 239-8000
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
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 (see General Instruction A.2. below):
◻
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))
Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
1
On
October
21
, 2014, Robert M. Liszt,
a named executive o
fficer of
PMC-Sierra, Inc. (the "Company")
,
resigned
as the Company's Vice President of Worldwide Sales
effective as of December 8, 2014
(the "Separation Date")
.  In connection therewith, the Company and Mr. Liszt
entered
into a letter agreement da
ted October 22
, 2014 (the "Agreement")
.  Under the Agreement,
(i)
i
n exchange for Mr. Liszt's agreement not to compete with Company or solicit
its employees for a one-year period, the Company will pay Mr. Liszt the equivalent of one year of his annual salary
and
one year of his
Short Term Incentive Program bonus at target (70%
of base salary
) in five installments beginning in January 2015 and ending December 2015
, (ii)
the Company will pay up to one year of premiums
for Mr. Liszt and his dependents to obtain continuing medical coverage
under the Consolidated Omnibus Budget Reconciliation Act of 1985
,
as amended
,
and (iii) on the Separation Date, Mr. Liszt will execute a general release of claims for the benefit of the Company and related parties.
The
Agreement
is filed herewith as
E
xhibit
10
.1
to this Current Report on Form 8-K and is incorporated by reference herein
.
Item 9.01
Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit No.
Description
10.1
Le
tter Agreement dated October 22
, 2014 between the Company and Robert M. Liszt
2
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.
PMC-Sierra, Inc.
Date:
October 27
, 2014
By
:
/s/ Alinka Flaminia
Alinka Flaminia
Vice President, General Counsel,
Corporate Secretary
3