SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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) JANUARY 13, 1999
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SOLECTRON CORPORATION
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(Exact name of registrant as specified in charter)
DELAWARE 1-11098 94-2447045
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
777 GIBRALTAR DRIVE, MILPITAS, CALIFORNIA 95035
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (408) 957-8500
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NOT APPLICABLE
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS
On January 13, 1999, the Registrant issued a press release regarding the offer
of convertible senior notes which included the following statements:
MILPITAS, California -- Solectron Corporation (NYSE: SLR), a worldwide provider
of customized electronics manufacturing solutions to original equipment
manufacturers (OEMs), today announced that it intends, subject to market and
other conditions, to raise approximately US$500 million (excluding proceeds of
the over-allotment option, if any) through an offering of convertible senior
notes to qualified institutional investors.
The company stated that it intends to use the net proceeds of the offering for
general corporate purposes, including capital expenditures and to meet working
capital needs. A portion of the net proceeds also may be used to acquire or
invest in complementary businesses or products or to obtain the right to
complementary technologies.
This news release does not constitute an offer to sell or the solicitation of an
offer to buy the securities. Any offers of the securities will be made only by
means of a private offering memorandum. The securities to be offered will not be
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.
On January 22, 1999, the Registrant issued a press release regarding the sale of
convertible senior notes which included the following statements:
MILPITAS, California -- Solectron Corporation (NYSE: SLR), a worldwide provider
of customized electronics manufacturing solutions to original equipment
manufacturers (OEMs), today announced that it sold convertible senior notes to
qualified institutional investors in a private offering. The convertible senior
notes were priced with a yield to maturity of 4 percent and will result in gross
proceeds to the company of approximately US$700 million (excluding the proceeds
from an over-allotment option, if any).
The company stated that it intends to use the net proceeds of the offering for
general corporate purposes, including capital expenditures and to meet working
capital needs. A portion of the net proceeds also may be used to acquire or
invest in complementary businesses or products or to obtain the right to
complementary technologies.
This news release does not constitute an offer to sell or the solicitation of an
offer to buy the securities. Any offers of the securities will be made only by
means of a private offering memorandum. The securities to be offered will not be
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.
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SOLECTRON CORPORATION
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SOLECTRON CORPORATION
(Registrant)
Date: January 26, 1999
/s/ Susan S. Wang
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Susan S. Wang
Senior Vice President, Chief
Financial Officer and Secretary
(Principal Financial and
Accounting Officer)
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