<SEC-DOCUMENT>0001178913-21-003328.txt : 20211102
<SEC-HEADER>0001178913-21-003328.hdr.sgml : 20211102
<ACCEPTANCE-DATETIME>20211102080022
ACCESSION NUMBER:		0001178913-21-003328
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20211102
FILED AS OF DATE:		20211102
DATE AS OF CHANGE:		20211102

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SILICOM LTD.
		CENTRAL INDEX KEY:			0000916793
		STANDARD INDUSTRIAL CLASSIFICATION:	COMPUTER COMMUNICATIONS EQUIPMENT [3576]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23288
		FILM NUMBER:		211369322

	BUSINESS ADDRESS:	
		STREET 1:		14 ATIR YEDA ST.
		CITY:			KFAR-SAVA
		STATE:			L3
		ZIP:			4464323
		BUSINESS PHONE:		97297644555

	MAIL ADDRESS:	
		STREET 1:		14 ATIR YEDA ST.
		CITY:			KFAR-SAVA
		STATE:			L3
		ZIP:			4464323

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SILICOM LTD
		DATE OF NAME CHANGE:	19940103
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
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<FILENAME>zk2126732.htm
<DESCRIPTION>6-K
<TEXT>
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      <div style="line-height: 1.25;">
        <div style="text-align: center; line-height: 1.25; font-weight: bold;">UNITED STATES</div>
      </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">Washington, D.C. 20549</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">Form 6-K</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER&#160;PURSUANT TO RULE 13a-16</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25;">For the month of November 2021</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25;">Commission File Number 000-23288</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">SILICOM LTD.</div>
      <div style="text-align: center; line-height: 1.25;">(Translation of Registrant&#8217;s name into English)</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">14 Atir Yeda St., Kfar-Sava 4464323, Israel</div>
      <div style="text-align: center; line-height: 1.25;">(Address of Principal Executive Offices)</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
      <div style="line-height: 1.25;"> <br>
      </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Form 20-F&#160;&#9746;&#160; &#160;&#160; Form 40-F&#160;&#9744; </div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25;">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):___</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25;">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):___</div>
      <div style="line-height: 1.25">&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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      <div style="line-height: 1.25;">On November 2, 2021, the Registrant issued a press release: &#8220;Significant New Design Win for Silicom: Receives $30m Purchase Orders from Leading American Service Provider for Silicom Smart Edge Platforms&#8221;.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">Attached hereto are the following exhibits:</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div>
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            <tr style="vertical-align: top;">
              <td style="vertical-align: top; width: 63pt;">
                <div style="text-align: left; line-height: 1.25;"><a href="exhibit_99-1.htm">Exhibit 99.1</a></div>
              </td>
              <td style="align: left; vertical-align: top; width: auto;">
                <div style="text-align: left; line-height: 1.25;"><a href="exhibit_99-1.htm">Press Release</a></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25;">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.</div>
      <div style="line-height: 1.25">&#160;</div>
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      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">SIGNATURES</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25;">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.</div>
      <div style="line-height: 1.25">&#160;</div>
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          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td colspan="2" style="vertical-align: top;">
              <div style="line-height: 1.25;"><font style="font-weight: bold;">SILICOM LTD.</font><br>
                (Registrant)</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 3%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 32%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="line-height: 1.25;">Date: November 2, 2021</div>
            </td>
            <td style="width: 3%; vertical-align: top;">
              <div style="line-height: 1.25;">By</div>
            </td>
            <td style="width: 32%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;">/s/ Eran Gilad</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td colspan="2" style="vertical-align: top;">
              <div style="line-height: 1.25;">Eran Gilad</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td colspan="2" style="vertical-align: top;">
              <div style="line-height: 1.25;">Chief Financial Officer</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
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      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25">&#160;</div>
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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>2
<FILENAME>exhibit_99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <div> <br>
    </div>
    <div style="text-align: right;"><u><font style="font-weight: bold;">Exhibit 99.1</font></u><br>
    </div>
    <div>
      <div style="text-align: center; line-height: 1.25;">
        <div><br>
        </div>
        <img width="227" height="82" src="image0.jpg"></div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25; font-weight: bold;">FOR IMMEDIATE RELEASE</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; margin-right: 0.2pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;"><u>Significant New Design Win for Silicom: Receives </u></div>
      <div style="text-align: center; margin-right: 0.2pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;"><u>$30m Purchase Orders from Leading American </u></div>
      <div style="text-align: center; margin-right: 0.2pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;"><u>Service Provider for Silicom Smart Edge Platforms</u></div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">
        <div style="font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold; text-align: center;">- Revenues from this win alone projected&#160;to total more than $50m per year &#8211;</div>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">KFAR SAVA, Israel &#8211; November 2, 2021, - Silicom Ltd. (NASDAQ: </font><font style="font-weight: bold;"><u>SILC</u></font><font style="font-weight: bold;">) </font>today


        announced that one of its existing customers, a leading North American telecommunications service provider, has awarded Silicom a major new Design Win for a customized version of its Edge Smart Platform. To date, the customer has placed $30 million
        in purchase orders for equipment planned to be delivered primarily during 2022, and forecasts a run rate of over $50 million per year once the manufacturing and deployment processes become stable. In parallel, Silicom is discussing additional
        significant opportunities with this customer.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25;">The client&#8217;s award followed its successful experience with Silicom on other projects, in which it integrated Silicom&#8217;s next-generation CPEs with a partner&#8217;s software-based routers.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25;">
        <div style="line-height: 1.25;">The current win is for a smart platform designed to enhance the performance, flexibility and manageability of the client&#8217;s services for its large, multilocation customers. Silicom is currently customizing an existing
          platform in order to meet the customer&#8217;s requirements, while in parallel optimizing the platform&#8217;s operational availability and continuity in the face of the ongoing components crisis.</div>
        <div style="line-height: 1.25">&#160;</div>
      </div>
      <div style="text-align: justify; line-height: 1.25;">&#8220;This extremely important new win confirms the superiority of our innovative technologies while demonstrating, once again, the importance of the close, ongoing support and communication that
        characterize all of our client relationships,&#8221; commented Shaike Orbach, Silicom&#8217;s CEO. &#8220;Just a year ago, when we started working with this customer, its orders for relatively &#8216;standard&#8217; platforms were at a rate of just a few million dollars per
        annum. But as our relationship developed, we became aware of more and more opportunities, leading to this major Design Win: one that is approximately 10 times as large as the original, and that will hopefully pave the way to more over the coming
        years.&#8221;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25;">Mr. Orbach continued, &#8220;It is important to note that, given the component crisis&#8217;s unpredictable behavior and the customer&#8217;s need to deploy the platforms sooner rather than later, we are taking all
        measures necessary to facilitate the deliveries during the time period required by the customer. In fact, we believe that it is actually this flexibility &#8211; our ability to optimize for availability on the one side while continuing to support the
        customer with the industry&#8217;s best connectivity solutions - which helped us win this deal. We believe these are unique advantages of our value proposition and that they will continue to fuel our growth as we move forward.&#8221;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25; font-weight: bold;">About Silicom</div>
        <div style="line-height: 1.25;">
          <div style="text-align: justify; line-height: 1.25;">Silicom Ltd. is an industry-leading provider of high-performance networking and data infrastructure solutions. Designed primarily to improve performance and efficiency in Cloud and Data Center
            environments, Silicom&#8217;s solutions increase throughput, decrease latency and boost the performance of servers and networking appliances, the infrastructure backbone that enables advanced Cloud architectures and leading technologies like NFV,
            SD-WAN and Cyber Security. Our innovative solutions for high-density networking, high-speed fabric switching, offloading and acceleration, which utilize a range of cutting-edge silicon technologies as well as FPGA-based solutions, are ideal for
            scaling-up and scaling-out cloud infrastructures.</div>
          <div style="text-align: justify; line-height: 1.25;">Silicom products are used by major Cloud players, service providers, telcos and OEMs as components of their infrastructure offerings, including both add-on adapters in the Data Center and
            stand-alone virtualized/universal CPE devices at the edge.</div>
          <div style="text-align: justify; line-height: 1.25;">Silicom&#8217;s long-term, trusted relationships with more than 200 customers throughout the world, its more than 400 active Design Wins and more than 300 product SKUs have made Silicom a &#8220;go-to&#8221;
            connectivity/performance partner of choice for technology leaders around the globe.</div>
        </div>
        <div style="line-height: 1.25;">For more information, please visit: <u>www.silicom.co.il</u></div>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="line-height: 1.25;">
          <div style="line-height: 1.25;">
            <div style="text-align: justify; line-height: 1.25;">Statements in this press release which are not historical data are forward-looking statements which involve known and unknown
              risks, uncertainties, or other factors not under the company's control, which may cause actual results, performance, or achievements of the company to be materially different from the results, performance, or other expectations implied by
              these forward-looking statements. These factors include, but are not limited to, Silicom's increasing dependence for substantial revenue growth on a limited number of customers in the evolving cloud-based, SD-WAN, NFV and Edge markets, the
              speed and extent to which solutions are adopted by these markets, likelihood that Silicom will rely increasingly on customers which provide solutions in these evolving markets, resulting in an increasing dependence on a smaller number of
              larger customers, difficulty in commercializing and marketing of Silicom's products and services, maintaining and protecting brand recognition, protection of intellectual property, competition, disruptions to our manufacturing and development
              along with general disruptions to the entire world economy relating to the spread of the novel coronavirus (COVID-19) and other factors detailed in the company's periodic filings with the Securities and Exchange Commission. These
              forward-looking statements can generally be identified as such because the context of the statement will include words, such as &#8220;expects,&#8221; &#8220;should,&#8221; &#8220;believes,&#8221; &#8220;anticipates&#8221; or words of similar import. Similarly, statements that describe
              future plans, objectives or goals are also forward-looking statements. In light of significant risks and uncertainties inherent in forward-looking statements, the inclusion of such statements should not be regarded as a representation by the
              company that it will achieve such forward-looking statements. The company disclaims any duty to update such statements, whether as a result of new information, future events, or otherwise.</div>
            <div style="line-height: 1.25">&#160;</div>
            <div style="line-height: 1.25;"></div>
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          <tr>
            <td style="width: 50.03%; vertical-align: top;">
              <div style="line-height: 1.25;">
                <div style="line-height: 1.25; font-weight: bold;"><u>Company Contact:</u></div>
                <div style="line-height: 1.25; font-weight: bold;">Eran Gilad, CFO</div>
                <div style="line-height: 1.25; font-weight: bold;">Silicom Ltd.</div>
                <div style="line-height: 1.25; font-weight: bold;">Tel: +972-9-764-4555</div>
                <div style="line-height: 1.25; font-weight: bold;">E-mail: erang@silicom.co.il</div>
              </div>
            </td>
            <td style="width: 49.97%; vertical-align: top;">
              <div style="line-height: 1.25;">
                <div style="line-height: 1.25; font-weight: bold;"><u>Investor Relations Contact:</u></div>
                <div style="line-height: 1.25; font-weight: bold;">Ehud Helft</div>
                <div style="line-height: 1.25; font-weight: bold;">GK Investor Relations</div>
                <div style="line-height: 1.25; font-weight: bold;">Tel: +1 212 378 8040</div>
                <div style="line-height: 1.25;"><font style="font-weight: bold;">E-mail: </font><u><font style="font-weight: bold;">silicom@gkir.com</font></u></div>
              </div>
            </td>
          </tr>

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      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25">&#160;
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
