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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
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DATE OF REPORT: DECEMBER 14, 1999
DATE OF EARLIEST EVENT REPORTED: DECEMBER 14, 1999
GENERAL SEMICONDUCTOR, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 1-15442 13-3575653
(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of Identification Number)
incorporation or
organization)
10 MELVILLE PARK ROAD
MELVILLE, NEW YORK 11747
(Address of principal executive offices)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (631) 847-3000
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Item 5. Other Events.
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On December 14, 1999, the registrant issued the press release filed as
Exhibit 99.1 hereto.
Item 7. Financial Statements and Exhibits.
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Exhibit Description
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99.1 Press Release issued December 14, 1999
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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 behalf of the
undersigned hereunto duly authorized.
Dated: December 14, 1999
GENERAL SEMICONDUCTOR, INC.
By: /s/ Andrew M. Caggia
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Andrew M. Caggia
Senior Vice President and
Chief Financial Officer
Signing both in his capacity as
Senior Vice President on behalf of
the Registrant and Chief Financial
Officer of the Registrant
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EXHIBIT INDEX
Exhibit Description
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99.1 Press Release issued December 14, 1999
EXHIBIT 99.1
FOR IMMEDIATE RELEASE CONTACT: PAM JAMESON
(631) 847-5169
GENERAL SEMICONDUCTOR ANNOUNCED COMPLETION OF $150 MILLION
CONVERTIBLE SUBORDINATED NOTES OFFERING
MELVILLE, NY (December 14, 1999)--General Semiconductor, Inc. (NYSE:SEM)
today announced the completion of an offering to qualified institutional
investors of $150 million principal amount of 5 3/4% convertible
subordinated notes due in 2006 (which may be increased by up to an
additional $22.5 million principal amount of notes to cover
over-allotments) in a private offering pursuant to Rule 144A of the
Securities Act of 1933.
The notes have a seven year term and mature on December 15, 2006. They will
be convertible into General Semiconductor common stock at any time prior to
the maturity at a conversion price of $15.55 per share, subject to
adjustment under certain conditions. The notes may be redeemed, in whole or
in part, by the Company at any time on or after December 15, 2002.
Proceeds of the financing will be used to repay outstanding indebtedness
under the Company's credit facility.
This news release does not constitute an offer to sell or the solicitation
of an offer to buy the securities. The securities are not registered under
the Securities Act of 1933 and may not be offered or sold in the United
States absent registration or an applicable exemption from registration
requirements.
