<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): March 18, 1998
Hutchinson Technology Incorporated
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(Exact name of registrant as specified in its charter)
Minnesota 0-14709 41-0901840
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(State or other jurisdiction of (Commission File (I.R.S. Employer
incorporation or organization) Number) Identification No.)
40 West Highland Park
Hutchinson, Minnesota 55350 (320) 587-3797
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(Address of principal executive (Zip Code) (Registrant's telephone
offices) number, including area code)
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Item 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibits:
99.1 Press release relating to private offering of notes.
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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.
Date: March 18, 1998
HUTCHINSON TECHNOLOGY INCORPORATED
Registrant
By /s/ John A. Ingleman
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Its Chief Financial Officer
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INDEX TO EXHIBITS
<TABLE>
<CAPTION>
Exhibit Description Method of Filing
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<S> <C> <C>
99.1 Press release relating to private offering of notes Electronic Transmission
</TABLE>
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE:
FOR: CONTACT:
John A. Ingleman Todd Bradley
Chief Financial Officer Investor Relations
320-587-3797 320-587-1605
or
Chris Malacek
Shandwick
612-841-6181
HUTCHINSON TECHNOLOGY ANNOUNCES COMPLETION OF CONVERTIBLE NOTE OFFERING
HUTCHINSON, Minn., March 18, 1998 - Hutchinson Technology Incorporated
(Nasdaq/NMS: HTCH) today announced the completion of its previously announced
offering of $140 million of 6% Convertible Subordinated Notes due 2005
through a private placement under Rule 144A to qualified institutional buyers
and institutional accredited investors. An additional $10 million in Notes
also were sold in connection with the exercise of an over-allotment option.
The company intends to use the proceeds of this offering to fund its
immediate short-term operating and capital expenditure requirements primarily
related to the roll-out of the company's TSA suspension technology.
The notes and the common stock into which the notes are convertible have
not been and will not be registered under the Securities Act of 1933, as
amended, or applicable state or foreign securities laws, and may not be offered
or sold in the United States absent registration under federal and applicable
state securities laws or an available exemption from such registration
requirements.
Hutchinson Technology is the leading worldwide supplier of suspension
assemblies for disk drives.
This announcement contains forward-looking statements that involve risks
and uncertainties. The company's actual results could differ materially from
those anticipated in these forward-looking statements as a result of
fluctuating order rates and product mix, slower or faster customer acceptance
of its new products, difficulties in financing and expanding capacity, changes
in manufacturing efficiencies and other factors described from time to time in
the company's reports filed with the Securities and Exchange Commission,
including but not limited to its Annual Report on Form 10-K for the fiscal year
ended September 28, 1997.
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