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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): September 3, 1997
INTEGRATED PROCESS EQUIPMENT CORP.
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(Exact name of Registrant as specified in its charter)
Delaware 0-20470 77-0296222
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
911 Bern Court
San Jose, CA 95112
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(Address, including zip code, of principal executive offices)
Registrant's telephone number, including area code: (408) 436-2170
Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events
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The information which is set forth in the Registrant's press release dated
September 3, 1997 is incorporated herein by reference.
Item 7. Financial Statements and Exhibits
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(c) Exhibits
A copy of the September 3, 1997 press release is filed as an exhibit to
this Current Report on Form 8-K.
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Pursuant to the requirements of the Securities Exchange Act of 1934,
Integrated Process Equipment Corp. has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
Integrated Process Equipment Corp.
By: /s/ John S. Hodgson
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John S. Hodgson
Vice President and Chief Financial
Officer
Date: September 3, 1997
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EXHIBIT INDEX
Exhibit
Number Exhibit Title
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99.1* -- Text of Press Release Dated September 3, 1997.
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* Filed herewith
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Exhibit 99.1
TEXT OF PRESS RELEASE DATED SEPTEMBER 3, 1997
FOR IMMEDIATE RELEASE
INTEGRATED PROCESS EQUIPMENT CORP. ANNOUNCES OFFERING OF
CONVERTIBLE SUBORDINATED NOTES
SAN JOSE, CALIFORNIA, September 3, 1997 -- Integrated Process
Equipment Corp. (NASDAQ: IPEC) today announced that it intends, subject to
market and other conditions, to raise $100 million (excluding the proceeds of
the over-allotment option, if any) through a private offering of convertible
subordinated notes within the United States to qualified institutional buyers
and other institutional accredited investors.
The Company stated that it intends to use the net proceeds of the
offering for repayment of bank debt, expansion of sales and service operations
in Asia, facilities expansion and general corporate purposes, including working
capital and research and development. No other terms were disclosed.
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 securities laws or available exemptions from the
registration requirements.
