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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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 event reported): December 2, 1998
PEAK INTERNATIONAL LIMITED
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(Exact name of registrant as specified in its charter)
Bermuda 0-29332 Not Applicable
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(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation) Identification No.)
Units 3, 4, 5 and 7, 37/th/ Floor, Wharf Cable Tower, NA
9 Hoi Shing Road, Tsuen Wan N.T., Hong Kong
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(Address of principal executive offices) (Zip Code)
(852) 2402-5100
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(Registrant's telephone number, including area code)
No Change
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
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On December 2, 1998, Peak International Limited, a Bermuda
corporation, (Peak), announced that it has formed a committee of the Board of
Directors for the purpose of considering strategic alternatives open to Peak and
to enhance share holder value, including the consideration of the non-binding
indication of interest regarding an acquisition of Peak previously announced.
There can be no assurance that Peak will pursue any transaction.
In addition, Peak announced the termination of Richard Brook's
employment as its President and Chief Executive Officer, and the appointment of
Jerry Mo to serve as acting President and Chief Executive Officer.
Item 7. Financial Statements and Exhibits.
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Peak files the following exhibit as part of this Current Report:
Exhibit 99. Copy of the Press Release, dated December 2, 1998,
issued by the Peak, publicly announcing the
activities reported therein.
Pursuant to the requirements of the Securities and Exchange Act
of 1934, as amended, the registrant has duly caused this report to be signed on
its behalf by the undersigned here unto duly authorized.
PEAK INTERNATIONAL LIMITED
Date: December 3, 1998 By: /S/JERRY MO
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Jerry Mo
Chief Financial Officer
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PEAK INTERNATIONAL LIMITED TO EXPLORE STRATEGIC ALTERNATIVES
HONG KONG and AUSTIN, Texas - December 2, 1998 -- Peak International
Limited (Nasdaq:PEAKF) (AMEX:PTT) announced today that it has formed a committee
of the Board of Directors for the purpose of considering strategic alternatives
open to Peak and to enhance shareholder value, including the consideration of
the non-binding indication of interest in an acquisition of Peak previously
announced. There can be no assurance that any transaction will be pursued by
Peak.
In addition, Peak announced today the termination of Richard Brook's
employment as its President and Chief Executive Officer. Peak said it had
appointed its current Chief Financial Officer, Jerry Mo, to serve as acting
President and Chief Executive Officer.
Peak International Limited is a leading supplier of precision
engineered packaging products for the storage, transportation, and automated
handling of semiconductor devices and electronic components.
This press release contains certain forward-looking statements, which
Peak is making in reliance on the safe harbor provisions of the Private
Securities Litigation Act of 1995. Investors are cautioned that all forward-
looking statements are subject to significant risks and uncertainties. Forward-
looking statements involve known and unknown risks, uncertainties and other
factors that may cause the actual results, performance, or achievements of the
company, or industry results, to be materially different from any future
results, performance or achievements expressed or implied by such forward-
looking statements. Additional information concerning risk factors that could
cause actual results to differ materially from those projected in the forward-
looking statements is contained in the company's filings with the Securities and
Exchange Commission.
CONTACT: Peak International Limited, Austin
Jerry Mo, 512/339-4684
[email protected]
