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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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 3, 1996
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INTEVAC, INC.
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(Exact name of registrant as specified in charter)
CALIFORNIA 0-26946 94-3125814
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number Identification No.)
3550 BASSETT STREET, SANTA CLARA, CALIFORNIA 95054
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (408) 986-9888
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N/A
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(Former name or former address, if changed since last report.)
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ITEM 5. Other Events
As of May 3, 1996, Intevac, Inc. issued a press release
announcing the acquisition of San Jose Technology Corp. The press release is
attached hereto as Exhibit 7.1.
ITEM 7. Financial Statements, Pro Forma Financial Information and
Exhibits
(a) Financial Statements of Businesses Acquired. None.
(b) Pro Forma Financial Information. None.
(c) Exhibits. The following document is filed as an exhibit to
the report:
(1) Press Release dated May 3, 1996.
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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.
Intevac, Inc.
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(Registrant)
Date: May 3, 1996 By/s/ CHARLES B. EDDY III
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Name: Charles B. Eddy III
Title: Chief Financial Officer
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Index to Exhibits
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Sequentially
Exhibit No. Description of Document Numbered Page No.
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7.1 Press Release, dated May 3, 1996. 5
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EXHIBIT 7.1
PRESS RELEASE, DATED MAY 3, 1996
INTEVAC, INC. ACQUIRES SAN JOSE TECHNOLOGY CORP.
Santa Clara, California, May 3, 1996 - Intevac, Inc. (Nasdaq: IVAC),
leading supplier of sputtering systems used to manufacture thin-film disks for
computer hard disk drives, today announced that it has acquired San Jose
Technology Corporation ("SJT") for approximately $3.7 million in cash.
SJT is a leading supplier of systems used to lubricate thin-film disks
for computer hard disk drives. Lubrication is the production step that typically
follows disk sputtering in the manufacture of thin-film disks. "Intevac intends
to explore means for better integration of SJT's lubrication devices with
Intevac's sputtering systems to create a more efficient production environment
for thin-film disk manufacturers." said Norm Pond, Intevac's CEO.
SJT will become the San Jose Technology Division of Intevac, Inc. and
continue operations at SJT's San Jose, California facility. SJT's founder, S.
Bill Wiley, will manage the new Intevac division. All SJT employees will be
offered employment by Intevac.
Intevac expects to allocate a portion of the purchase price to
in-process research and development. The in-process research and development
will be expensed during the current quarter.
CONTACT: Charles Eddy, Chief Financial Officer, Intevac, Inc., 3550
Bassett Street, Santa Clara, CA 95054, (408) 496-2259, [email protected]
