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 Events Reported)
January 6, 1998
SEMICONDUCTOR PACKAGING MATERIALS CO., INC.
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(Exact name of registrant as specified in its charter.)
Delaware 1-10938 13-3584740
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
1 Labriola Court, Armonk, New York 10504-1336
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (914) 273-5500
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Item 5. Other Events
The Registrant received notice, on January 5, 1998, that a shareholder
class action was filed against it, its Chief Executive Officer and its Chief
Financial Officer, in the United States District Court for the Eastern District
of Pennsylvania on November 18, 1997, for an indeterminate amount of damages,
(Blum et. al. v. Semiconductor Packaging Materials Co., Inc., et. al. (97 CV
7078)). The complaint alleges various claims arising under Sections 10(b), 20(a)
and 20A(a) of the Exchange Act of 1934 and Rule 10b-5 thereunder. The complaint
alleges, among other things, that the Registrant, intentionally or recklessly,
failed to disclose adverse material financial information regarding its silicon
wafer business in the fourth quarter of 1996. The management of the Registrant
believes the action is without merit and intends vigorously to defend.
Separately, the Northeast Regional Office of the Securities and Exchange
Commission is conducting a private investigation pursuant to a formal order,
captioned "In the Matter of Trading in the Securities of Semiconductor Packaging
Materials Co., Inc.", to determine whether any persons may have violated the
federal securities laws in connection with the purchase or sale of the
Registrant's securities prior to the Registrant's December 30, 1996 announcement
relating to its anticipated financial results for the fourth quarter of fiscal
1996. As a general matter, the Commission takes the position that its
investigations should not be construed as an indication that any violations of
law have occurred or as an adverse reflection upon any person or security. The
Registrant is cooperating fully with the Commission in its investigation.
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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, herewith duly authorized.
SEMICONDUCTOR PACKAGING
MATERIALS CO., INC.
Dated: January 6, 1998 By: /s/ Andrew A. Lozyniak
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Andrew A. Lozyniak
Executive Vice President and
Chief Financial Officer
