<PAGE>
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 14, 1999
KULICKE AND SOFFA INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
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)
Registrant's telephone number, including area code (215) 784-6000
<PAGE>
ITEM 5. OTHER EVENTS
On December 14, 1999 Kulicke and Soffa Industries, Inc. (the "Company")
announced that it completed the private placement of $150 million of 4 3/4%
Convertible Subordinated Notes due 2006 to qualified institutional investors and
institutional accredited investors. The Company has granted the initial
purchasers a 30-day option to purchase up to an additional $25 million to cover
over-allotments, if any. A copy of the press release is filed as Exhibit 99 and
incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
Exhibit No. Description
- ----------- -----------
99 Press Release dated December 14, 1999
-2-
<PAGE>
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: December 14, 1999 By: /s/ Clifford G. Sprague
---------------------------
Clifford G. Sprague,
Senior Vice President
and Chief Financial Officer
-3-
<PAGE>
EXHIBIT INDEX
Exhibit No. Description
- ----------- -----------
99 Press Release dated December 14, 1999
-4-
<PAGE>
EXHIBIT 99
----------
Willow Grove, PA--December 14, 1999--Kulicke & Soffa Industries Inc. (Nasdaq:
KLIC) today announced that it completed the private placement of $150 million of
Convertible Subordinated Notes ("Notes") due 2006 to qualified institutional
investors and institutional accredited investors. The Company has granted the
initial purchasers a 30-day option to purchase up to an additional $25 million
to cover over-allotments, if any.
The Notes, maturing on December 15, 2006, will bear interest at an annual
interest rate of 4 3/4% and will be convertible into common shares of KLIC at a
conversion price of $45.80 per share. The Company 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.
This news release does not constitute an offer to sell or the solicitation of an
offer to buy the securities. The securities to be offered have not been
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.
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.
-5-
