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): June 1, 1999
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ALL AMERICAN SEMICONDUCTOR, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE
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(State or other jurisdiction of incorporation)
0-16207 59-2814714
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(Commission File Number) (I.R.S. Employer
Identification No.)
16115 N.W. 52ND AVENUE, MIAMI, FLORIDA 33014
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (305) 621-8282
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N/A
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(Former name or former address, if changed since last report)
<PAGE>
ITEM 5. OTHER EVENTS.
On June 1, 1999, All American Semiconductor, Inc. (the "Company")
announced that a one-for-five reverse stock split (the "Reverse Stock Split") of
its outstanding shares of common stock, $.01 par value, was approved at the
annual meeting of shareholders of the Company held on June 1, 1999. The Reverse
Stock Split will be effective for trading in the Company's new common stock as
of Wednesday, June 2, 1999. With the completion of the Reverse Stock Split the
Company will have approximately 3,969,463 shares of common stock, $.01 par
value, outstanding (including 32,141 shares held by a wholly-owned subsidiary of
the Company), without taking into account the rounding up to the nearest whole
share of any fractional interests resulting from the Reverse Stock Split.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
Exhibit No. Exhibit Description
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99 Press release dated
June 1, 1999.
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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 thereunto duly authorized.
ALL AMERICAN SEMICONDUCTOR, INC.
Date: June 1, 1999 By: /s/ HOWARD L. FLANDERS
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Howard L. Flanders, Executive
Vice President and Chief
Financial Officer
EXHIBIT 99
FOR IMMEDIATE RELEASE
ALL AMERICAN SEMICONDUCTOR ANNOUNCES
ONE-FOR-FIVE REVERSE STOCK SPLIT
MIAMI, FLORIDA -- June 1, 1999-- All American Semiconductor, Inc. (The Nasdaq
Stock Market: SEMI), a leading national distributor of electronic components,
today announced that a one-for-five reverse stock split of its outstanding
shares of common stock was approved at the annual meeting of shareholders of the
Company held on June 1, 1999. The reverse stock split will be effective for
trading in the Company's new common stock at the opening of trading on
Wednesday, June 2, 1999. With the completion of the reverse stock split the
Company will now have approximately 3,969,463 shares of common stock, $.01 par
value, outstanding (including 32,141 shares held by a wholly-owned subsidiary of
the Company), without taking into account the rounding up to the nearest whole
share of any fractional interests resulting from the reverse stock split.
All American is recognized as the nation's 6th largest distributor of
semiconductors and the 15th largest electronic components distributor overall.
The Company has offices in 32 strategic locations throughout North America.
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CONTACT:
Bruce M. Goldberg, CEO
Howard L. Flanders, CFO
(305) 621-8282 x 1417
