Table\ue000 of\ue000 Contents
\ue000\ue000
UNITED\ue000 STATES
SECURITIES\ue000 AND\ue000 EXCHANGE\ue000 COMMISSION
Washington,\ue000 D.C.\ue000 20549
\ue000
\ue000
FORM\ue000 10-K
(Mark\ue000 One)
x
ANNUAL\ue000 REPORT\ue000 PURSUANT\ue000 TO\ue000 SECTION\ue000 13\ue000 OR\ue000 15(d)\ue000 OF\ue000 THE\ue000 SECURITIES\ue000 EXCHANGE\ue000 ACT
OF\ue000 1934
For\ue000 the\ue000 fiscal\ue000 year\ue000 ended\ue000 December\ue000 31,\ue000 2008
OR
\ue000
\u00ae
TRANSITION\ue000 REPORT\ue000 PURSUANT\ue000 TO\ue000 SECTION\ue000 13\ue000 OR\ue000 15(d)\ue000 OF\ue000 THE\ue000 SECURITIES\ue000 EXCHANGE
ACT\ue000 OF\ue000 1934
For\ue000 the\ue000 transition\ue000 period\ue000 from\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000 to\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000
Commission\ue000 file\ue000 number\ue000 1-15477
\ue000
\ue000
MAXWELL\ue000 TECHNOLOGIES,\ue000 INC.
(Exact\ue000 name\ue000 of\ue000 registrant\ue000 as\ue000 specified\ue000 in\ue000 its\ue000 charter)
\ue000
Delaware
\ue000
95-2390133
(State\ue000 or\ue000 other\ue000 jurisdiction\ue000 of
incorporation\ue000 or\ue000 organization)
\ue000
(I.R.S.\ue000 Employer
Identification\ue000 No.)
9244\ue000 Balboa\ue000 Avenue
San\ue000 Diego,\ue000 California
\ue000
92123
(Address\ue000 of\ue000 principal\ue000 executive\ue000 offices)
\ue000
(Zip\ue000 Code)
Registrant\u2019s\ue000 telephone\ue000 number,\ue000 including\ue000 area\ue000 code:\ue000 (858)\ue000 503-3300
Securities\ue000 registered\ue000 pursuant\ue000 to\ue000 Section\ue000 12(b)\ue000 of\ue000 the\ue000 Act:
None
Securities\ue000 registered\ue000 pursuant\ue000 to\ue000 Section\ue000 12(g)\ue000 of\ue000 the\ue000 Act:
Common\ue000 Stock,\ue000 par\ue000 value\ue000 $0.10\ue000 per\ue000 share
Indicate\ue000 by\ue000 check\ue000 mark\ue000 if\ue000 the\ue000 registrant\ue000 is\ue000 a\ue000 well-known\ue000 seasoned\ue000 issuer,\ue000 as\ue000 defined\ue000 in\ue000 Rule\ue000 405\ue000 of\ue000 the\ue000 Securities\ue000 Act.\ue000\ue000\ue000\ue000 YES\ue000 \ue000\u00ae\ue000\ue000\ue000\ue000 NO\ue000 \ue000x
Indicate\ue000 by\ue000 check\ue000 mark\ue000 if\ue000 the\ue000 registrant\ue000 is\ue000 not\ue000 required\ue000 to\ue000 file\ue000 reports\ue000 pursuant\ue000 to\ue000 Section\ue000 13\ue000 or\ue000 Section\ue000 15(d)\ue000 of\ue000 the\ue000 Act.\ue000\ue000\ue000\ue000 YES\ue000 \ue000\u00ae\ue000\ue000\ue000\ue000 NO\ue000 \ue000x
Indicate\ue000 by\ue000 check\ue000 mark\ue000 whether\ue000 the\ue000 registrant:\ue000 (1)\ue000 has\ue000 filed\ue000 all\ue000 reports\ue000 required\ue000 to\ue000 be\ue000 filed\ue000 by\ue000 Section\ue000 13\ue000 or\ue000 15(d)\ue000 of\ue000 the\ue000 Securities\ue000 Exchange
Act\ue000 of\ue000 1934\ue000 during\ue000 the\ue000 preceding\ue000 12\ue000 months\ue000 (or\ue000 for\ue000 such\ue000 shorter\ue000 period\ue000 that\ue000 the\ue000 registrant\ue000 was\ue000 required\ue000 to\ue000 file\ue000 such\ue000 reports),\ue000 and\ue000 (2)\ue000 has\ue000 been
subject\ue000 to\ue000 such\ue000 filing\ue000 requirements\ue000 for\ue000 the\ue000 past\ue000 90\ue000 days.\ue000\ue000\ue000\ue000 YES\ue000 \ue000x\ue000\ue000\ue000\ue000 NO\ue000 \ue000\u00ae
Indicate\ue000 by\ue000 check\ue000 mark\ue000 if\ue000 disclosure\ue000 of\ue000 delinquent\ue000 filers\ue000 pursuant\ue000 to\ue000 Item\ue000 405\ue000 of\ue000 Regulation\ue000 S-K\ue000 (\u00a7\ue000 229.405\ue000 of\ue000 this\ue000 chapter)\ue000 is\ue000 not\ue000 contained
herein,\ue000 and\ue000 will\ue000 not\ue000 be\ue000 contained,\ue000 to\ue000 the\ue000 best\ue000 of\ue000 registrant\u2019s\ue000 knowledge,\ue000 in\ue000 definitive\ue000 proxy\ue000 or\ue000 information\ue000 statements\ue000 incorporated\ue000 by\ue000 reference
in\ue000 Part\ue000 III\ue000 of\ue000 this\ue000 Form\ue000 10-K\ue000 or\ue000 any\ue000 amendment\ue000 to\ue000 this\ue000 Form\ue000 10-K.\ue000\ue000\ue000\ue000x
Indicate\ue000 by\ue000 check\ue000 mark\ue000 whether\ue000 the\ue000 registrant\ue000 is\ue000 a\ue000 large\ue000 accelerated\ue000 filer,\ue000 an\ue000 accelerated\ue000 filer,\ue000 a\ue000 non-accelerated\ue000 filer\ue000 or\ue000 a\ue000 smaller\ue000 reporting
company.\ue000 See\ue000 the\ue000 definitions\ue000 of\ue000 \u201caccelerated\ue000 filer\u201d,\ue000 \u201clarge\ue000 accelerated\ue000 filer\u201d\ue000 and\ue000 \u201csmaller\ue000 reporting\ue000 company\u201d\ue000 in\ue000 Rule\ue000 12b-2\ue000 of\ue000 the\ue000 Exchange
Act.
\ue000
Large\ue000 accelerated\ue000 filer\ue000 \ue000\u00ae\ue000\ue000\ue000\ue000
\ue000
Accelerated\ue000 filer\ue000 \ue000x\ue000\ue000\ue000\ue000
\ue000
Non-accelerated\ue000 filer\ue000 \ue000\u00ae\ue000\ue000\ue000\ue000
\ue000Smaller\ue000 reporting\ue000 company\ue000 \ue000\u00ae\ue000\ue000\ue000\ue000
Indicate\ue000 by\ue000 check\ue000 mark\ue000 whether\ue000 the\ue000 registrant\ue000 is\ue000 a\ue000 shell\ue000 company\ue000 (as\ue000 defined\ue000 in\ue000 Rule\ue000 12b-2\ue000 of\ue000 the\ue000 Act).\ue000\ue000\ue000\ue000 YES\ue000 \ue000\u00ae\ue000\ue000\ue000\ue000 NO\ue000 \ue000x
The\ue000 aggregate\ue000 market\ue000 value\ue000 of\ue000 Common\ue000 Stock\ue000 held\ue000 by\ue000 non-affiliates\ue000 as\ue000 of\ue000 June\ue000 30,\ue000 2008\ue000 based\ue000 on\ue000 the\ue000 closing\ue000 price\ue000 of\ue000 the\ue000 common\ue000 stock\ue000 on
the\ue000 NASDAQ\ue000 Global\ue000 Market\ue000 was\ue000 $189,498,883.
The\ue000 number\ue000 of\ue000 shares\ue000 of\ue000 the\ue000 registrant\u2019s\ue000 Common\ue000 Stock\ue000 outstanding\ue000 as\ue000 of\ue000 February\ue000 16,\ue000 2009\ue000 was\ue000 22,577,387\ue000 shares.
DOCUMENTS\ue000 INCORPORATED\ue000 BY\ue000 REFERENCE
Specified\ue000 portions\ue000 of\ue000 the\ue000 registrant\u2019s\ue000 definitive\ue000 Proxy\ue000 Statement\ue000 to\ue000 be\ue000 issued\ue000 in\ue000 conjunction\ue000 with\ue000 the\ue000 registrant\u2019s\ue000 2009\ue000 Annual\ue000 Meeting\ue000 of
Stockholders,\ue000 which\ue000 is\ue000 expected\ue000 to\ue000 be\ue000 filed\ue000 not\ue000 later\ue000 than\ue000 120\ue000 days\ue000 after\ue000 the\ue000 registrant\u2019s\ue000 fiscal\ue000 year\ue000 ended\ue000 December\ue000 31,\ue000 2008,\ue000 are\ue000 incorporated
by\ue000 reference\ue000 into\ue000 Part\ue000 III\ue000 of\ue000 this\ue000 Annual\ue000 Report.\ue000 Except\ue000 as\ue000 expressly\ue000 incorporated\ue000 by\ue000 reference,\ue000 the\ue000 registrant\u2019s\ue000 Proxy\ue000 Statement\ue000 shall\ue000 not\ue000 be
deemed\ue000 to\ue000 be\ue000 a\ue000 part\ue000 of\ue000 this\ue000 Annual\ue000 Report\ue000 on\ue000 Form\ue000 10-K.
\ue000
\ue000\ue000
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