HUTCHINSON TECHNOLOGY INC
424B3, 1999-02-24
ELECTRONIC COMPONENTS, NEC
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<PAGE>
PROSPECTUS SUPPLEMENT DATED FEBRUARY 24, 1999
TO PROSPECTUS DATED MAY 8, 1998
 
                                  $150,000,000
 
                                     [LOGO]
 
                   6% CONVERTIBLE SUBORDINATED NOTES DUE 2005
                               ------------------
 
    THIS PROSPECTUS SUPPLEMENT SHOULD BE READ IN CONJUNCTION WITH THE PROSPECTUS
DATED MAY 8, 1998 (THE "PROSPECTUS"). THE SELLING HOLDERS TABLE ON PAGE 66 OF
THE PROSPECTUS IS HEREBY SUPPLEMENTED TO INCLUDE ADDITIONAL NOTES NOW HELD BY A
CERTAIN SELLING HOLDER AS INDICATED IN THE FOLLOWING TABLE:
 
<TABLE>
<CAPTION>
                                                                                             NUMBER OF SHARES OF
                                                                            AGGREGATE           COMMON STOCK
                                                                         PRINCIPAL AMOUNT       ISSUABLE UPON
                                                                        OF NOTES OWNED AND   CONVERSION OF NOTES
NAME OF SELLING HOLDER                                                   THAT MAY BE SOLD    THAT MAY BE SOLD(1)
- ----------------------------------------------------------------------  ------------------  ---------------------
<S>                                                                     <C>                 <C>
McMahan Securities Company, L.P.......................................     $    400,000(2)           14,109
</TABLE>
 
- ------------------------
 
(1) Includes only full shares of Common Stock issuable upon conversion of the
    Notes based on an initial conversion price of $28.35 per share (initially
    equivalent to a conversion price of 35.273 shares per $1,000 principal
    amount of Notes). A cash payment will be made in lieu of any fractional
    interest upon conversion.
 
(2) The holdings of the Notes indicated above are as of February 19, 1999.
 
    The preceding table has been prepared based on information furnished to the
Company by or on behalf of the Selling Holders. With respect to each Selling
Holder identified in the Prospectus and each Prospectus Supplement, the
principal amount set forth may have increased or decreased since the information
was furnished, and there may be additional Selling Holders of which the Company
is unaware.
 
    In view of the fact that Selling Holders may offer all or a portion of the
Notes or shares of Common Stock held by them pursuant to this offering, and
because this offering is not being underwritten on a firm commitment basis, no
estimate can be given as to the amount of Notes or the number of shares of
Common Stock that will be held by the Selling Holders after completion of this
offering. In addition, the Selling Holders identified in the Prospectus and each
Prospectus Supplement may have sold, transferred or otherwise disposed of all or
a portion of their Notes in transactions exempt from registration under the
Securities Act since the date on which they provided information regarding their
Notes.


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