<PAGE>
Filed Pursuant to Rule 424(b)(3)
File No. 333-5011
[Logo of Pacific Aerospace & Electronics, Inc.]
SUPPLEMENT NO. 1 DATED MAY 31, 2000
TO
PROSPECTUS DATED MAY 10, 2000
This is Supplement No. 1, dated May 31, 2000, to the Prospectus, dated May 10,
2000 (the "Prospectus") of Pacific Aerospace & Electronics, Inc. (the "Company")
relating to the Company's public warrants. Any terms used in this Supplement
have the meanings given in the Prospectus.
The Company has extended the expiration date of its public warrants from July
15, 2001 to July 15, 2003. This change applies to both the 2,295,000 public
warrants currently outstanding and the 180,000 public warrants issuable upon
exercise of the underwriters' warrants. All other terms of the public warrants
are unchanged. The terms of the underwriters' warrants are unchanged.
