UNITED STATES
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): August 2, 1999
BENCHMARK ELECTRONICS, INC.
(Exact name of registrant as specified in its charter)
TEXAS 1-10560 74-2211011
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
3000 TECHNOLOGY DRIVE, ANGLETON, TEXAS 77515
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (409) 849-6550
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ITEM 5. OTHER EVENTS.
Benchmark Electronics, Inc. today made the press release attached
hereto as Exhibit 99.1.
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
The following material is filed as an exhibit to this Current Report
on Form 8-K.
EXHIBIT
NUMBER DESCRIPTION
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99.1 Press Release dated August 2, 1999.
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<PAGE>
S I G N A T U R E
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.
BENCHMARK ELECTRONICS, INC.
Dated: August 2, 1999 By: /s/ GAYLA J. DELLY
Gayla J. Delly
Treasurer
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EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
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99.1 Press Release dated August 2, 1999.
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EXHIBIT 99.1
PRESS RELEASE
FOR MORE INFORMATION, CALL:
CARY T. FU
EXECUTIVE VICE PRESIDENT
BENCHMARK ELECTRONICS, INC.
(409) 849-6550
AUGUST 2, 1999
FOR IMMEDIATE RELEASE
BENCHMARK ELECTRONICS TO SELL
$125 MILLION IN CONVERTIBLE SUBORDINATED NOTES
ANGLETON, Texas, August 2 -- Benchmark Electronics, Inc. (NYSE:BHE) today
announced its intention, subject to market and other conditions, to raise
approximately $125 million through the sale of convertible subordinated notes.
Benchmark will grant the initial purchasers an option to purchase additional
notes to cover any over-allotments.
The notes will be convertible, at the option of the holder, into shares of
Benchmark's common stock at a conversion price to be determined.
Proceeds from the offering will be used for general corporate purposes,
including the funding of a portion of the purchase price of Benchmark's
previously announced acquisition of AVEX Electronics, Inc., and working capital.
The notes will be sold to qualified institutional investors in a private
placement under Rule 144A of the Securities Act of 1933, as amended. The notes
will not be registered under the Securities Act and may not be offered or sold
in the United States absent registration under the Securities Act or available
exemptions from the registration requirements of the Securities Act.
Benchmark Electronics, Inc. provides electronics manufacturing and engineering
services to original equipment manufacturers in select industries, including
enterprise computer, telecommunications, medical device, industrial control and
testing and instrumentation. Benchmark is a full-service supplier of electronics
manufacturing and engineering services. The Company operates facilities in
Angleton, Texas; Beaverton, Oregon; Hudson, New Hampshire; Winona, Minnesota;
and Dublin, Ireland.
THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS REGARDING THE COMPANY'S
FINANCING PLANS AND OTHER FUTURE EVENTS. SUCH STATEMENTS INVOLVE RISKS,
UNCERTAINTIES AND ASSUMPTION, INCLUDING, BUT NOT LIMITED TO, INDUSTRY AND
ECONOMIC CONDITIONS AND OTHER FACTORS DISCUSSED IN THE COMPANY'S FILINGS WITH
THE SECURITIES AND EXCHANGE COMMISSION. SHOULD ONE OR MORE OF THESE RISKS OR
UNCERTAINTIES MATERIALIZE, OR SHOULD UNDERLYING ASSUMPTIONS PROVE INCORRECT,
ACTUAL OUTCOMES MAY VARY MATERIALLY FROM THOSE INDICATED.
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