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): April 12, 1996
SCI Systems, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-2251 63-0583436
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(State or other jurisdiction) (Commission File (IRS Employer
of incorporation) Number) Identification No.)
c/o SCI Systems (Alabama), Inc.
2101 West Clinton Avenue, Huntsville, Alabama 35805
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(Address of principal executive offices) (Zip Code)
(302) 998-0592
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
The Company announced that it intends, subject to market conditions, to raise
approximately $250,000,000 through the sale of convertible subordinated notes to
institutional investors and non-U.S. investors (to be increased 15% if the
customary underwriters' over-allotment option is exercised in full). The notes
will be convertible into SCI common stock. The notes will mature in 2006 and
will be non-callable for three years.
The Company plans to use the proceeds from the sale of the notes for acquisition
funding and for general corporate purposes, including funding working capital
and capital expenditures.
A copy of the Company's April 8, 1996, Press Release is attached hereto and is
incorporated herein.
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SIGNATURE
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.
SCI SYSTEMS, INC.
Date: April 12 1996 By: /s/ Michael M. Sullivan
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Michael M. Sullivan
Secretary
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PRESS RELEASE
(For Immediate Release)
SCI SYSTEMS, INC. ANNOUNCES OFFERING OF
CONVERTIBLE SUBORDINATED NOTES
Contact: Ron Sibold (205) 882-4131
Huntsville, Alabama, April 8, 1996 -- SCI Systems, Inc. (NASDAQ:SCIS) today
announced that it intends, subject to market and other conditions, to raise
approximately $250,000,000 through the sale of convertible subordinated notes to
institutional investors and non-US investors ( to be increased 15% if the
customary underwriters' over-allotment option is exercised in full). The notes
will be convertible into SCI Common Stock. The notes will mature in 2006 and
will be non-callable for three years.
The company plans to use the proceeds from sale of the Notes for acquisition
funding and for general corporate purposes, including funding working capital
and capital expenditures.
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 absent registration under the Securities Act of 1933 and applicable
state securities laws or available exemptions from registrations.
This announcement does not constitute an offer to sell or the solicition of
offers to buy any security and shall not constitute an offer, solicitation or
sale of any security in any jurisdiction in which such offer, solicitation or
sale would be unlawful.
