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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) November 30, 1999
KULICKE AND SOFFA INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
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PENNSYLVANIA 000-00121 23-1498399
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
2101 Blair Mill Road, Willow Grove, PA 19090
(Address of principal executive offices) (Zip code)
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Registrant's telephone number, including area code (215) 784-6000
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ITEM 5. OTHER EVENTS
On November 30, 1999, Kulicke and Soffa Industries, Inc. announced its
intention, subject to market and other conditions, to raise approximately $125
million (excluding proceeds of the over-allotment option, if any) through a
private offering of convertible subordinated notes due 2006 to certain qualified
and accredited institutional investors. A copy of the press release is filed as
Exhibit 99 and incorporated in this report by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
Exhibit No. Description
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99 Press Release dated November 30, 1999
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SIGNATURE
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.
KULICKE AND SOFFA INDUSTRIES, INC.
Date: November 30, 1999 By: /s/ Clifford G. Sprague
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Clifford G. Sprague,
Senior Vice President
and Chief Financial Officer
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EXHIBIT INDEX
Exhibit No. Description
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99 Press Release dated November 30, 1999
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EXHIBIT 99
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Kulicke & Soffa Announces Offering of Convertible Subordinated Notes
Willow Grove, PA, November 30, 1999 - Kulicke & Soffa Industries Inc. (Nasdaq:
KLIC) today announced its intention, subject to market and other conditions, to
raise approximately $125 million (excluding proceeds of an over-allotment
option, if any) through a private offering of convertible subordinated notes due
2006 to certain qualified and accredited institutional investors. No other
details were provided.
The Company stated that it intends to use the net proceeds of the offering to
fund continued growth including growth through capacity expansion, acquisitions,
alliances and joint ventures, and for general corporate purposes.
The securities to be offered will not be registered under the Securities Act of
1933, as amended, or applicable state securities laws, and may not be offered or
sold in the United States absent registration under the Securities Act and
applicable state securities laws or available exemptions from such registration
requirements.
This news release does not constitute an offer to sell or the solicitation of an
offer to buy the securities. Any offer of the securities will be made only by
means of a private offering memorandum.
Kulicke & Soffa is the world's largest supplier of semiconductor assembly
equipment. The Company serves the integrated circuit assembly market with a
product line that includes wire bonding, die bonding, wafer dicing and factory
automation equipment, as well as expendable tools and materials, including
bonding wire, capillaries, wedges, die collets and saw blades, and has sales and
service facilities worldwide. It also has investments in next generation
packaging technology.
CERTAIN MATTERS DISCUSSED IN THIS NEWS RELEASE, INCLUDING OPERATING AND
FINANCIAL RESULTS IN FISCAL 1999, ARE FORWARD-LOOKING STATEMENTS THAT ARE
SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO MATERIALLY
DIFFER, EITHER BETTER OR WORSE, FROM THOSE PROJECTED. SUCH RISKS AND
UNCERTAINTIES INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING: THE RISK OF ORDER
POSTPONEMENTS OR CANCELLATIONS; THE RISKS ASSOCIATED WITH A SUBSTANTIAL FOREIGN
CUSTOMER BASE; THE RISKS ASSOCIATED WITH INSTABILITY IN FOREIGN CAPITAL MARKETS
AND FOREIGN CURRENCY FLUCTUATIONS; THE UPWARD AND DOWNWARD VOLATILITY IN THE
DEMAND FOR SEMICONDUCTORS AND FOR THE COMPANY'S PRODUCTS AND SERVICES;
COMPETITIVE PRICING PRESSURES; THE RISK OF DELAYS IN INTRODUCTION AND CUSTOMER
QUALIFICATION OF NEW PRODUCTS AND SERVICES; THE RISK OF INCURRING DELAYS AND
ADDITIONAL COSTS IN THE MOVE OF MANUFACTURING TO ASIA; AND THE COMPANY'S ABILITY
TO MANUFACTURE AND SHIP ITS PRODUCTS ON A TIMELY BASIS. FURTHER DISCUSSIONS OF
RISK FACTORS ARE ALSO AVAILABLE IN THE COMPANY'S MOST RECENT SEC FILINGS.
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