<PAGE>
AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON SEPTEMBER 28, 1998
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934
Filed by the Registrant /X/
Filed by a Party other than the Registrant / /
Check the appropriate box:
/ / Preliminary Proxy Statement
/ / Confidential, for Use of the Commission Only (as permitted by Rule
14a-6(e)(2))
/ / Definitive Proxy Statement
/X/ Definitive Additional Materials
/ / Soliciting Material Pursuant to Section240.14a-11(c) or
Section240.14a-12
RF POWER PRODUCTS, INC.
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(Name of Registrant as Specified In Its Charter)
- --------------------------------------------------------------------------------
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
/X/ No fee required.
/ / Fee computed on table below per Exchange Act Rules 14a-6(i)(1)
and 0-11.
(1) Title of each class of securities to which transaction applies:
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pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
filing fee is calculated and state how it was determined):
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/ / Fee paid previously with preliminary materials.
/ / Check box if any part of the fee is offset as provided by Exchange Act Rule
0-11(a)(2) and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement number,
or the Form or Schedule and the date of its filing.
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<PAGE>
NEWS
RELEASE
Neil G. Berkman Associates Company Contact:
1900 Avenue of the Stars
Suite 2850 Dr. Joseph Stach
Los Angeles, CA 90067 Chairman & CEO
(310) 277-5162 (609) 627-6100
RF POWER PRODUCTS, INC. (ASE) ANNOUNCES THIRD QUARTER RESULTS
VOORHEES, NEW JERSEY, September 25, 1998 . . . RF POWER PRODUCTS, INC.
(ASE:RFP) announced today a net loss for the third quarter of fiscal 1998
ended August 31, 1998 of $1,341,000, or $0.11 per basic and diluted share,
compared to net income of $775,000, or $0.06 per basic and diluted share,
last year. Net sales were $4,365,000 compared to $10,117,000 in the same
period last year.
For the nine months ended August 31, 1998, the net loss was $3,048,000, or
$0.25 per basic and diluted share, compared to net income of $983,000, or
$0.08 per basic and diluted, share last year. Net sales were $17,387,000
compared to $23,771,000 for the same period a year earlier.
Dr. Joseph Stach, President of RF Power Products, noted that third quarter
and year-to-date sales continue to be affected by weakness in the
semiconductor capital equipment market.
On June 2, 1998, RF Power announced that it had agreed to be acquired by
Advanced Energy Industries, Inc. (NASDAQ:AEIS). A special meeting of
shareholders to consider and vote on the proposed acquisition has been set
for October 8, 1998. Solicitation of proxies with respect to the special
meeting is made only by means of a proxy statement/prospectus previously
mailed to RF Power's shareholders.
RF Power Products Inc. (HTTP://WWW.RFPOWER.COM) designs and manufactures
radio frequency power systems, matching networks and other peripheral
products primarily for original equipment manufacturers in the semiconductor,
flat panel display, thin film disc media and analytical instrument markets.
THE STATEMENTS CONTAINED IN THIS RELEASE WHICH ARE NOT HISTORICAL FACTS MAY
BE DEEMED TO CONTAIN FORWARD-LOOKING STATEMENTS WITH RESPECT TO EVENTS, THE
OCCURRENCE OF WHICH INVOLVE RISKS AND UNCERTAINTIES, INCLUDING, WITHOUT
LIMITATION, DEMAND AND COMPETITION FOR THE COMPANY'S SERVICES AND PRODUCTS,
AND OTHER RISKS OR UNCERTAINTIES DETAILED IN THE COMPANY'S SECURITIES AND
EXCHANGE COMMISSION FILINGS.
(table attached) #1768
<PAGE>
RF POWER PRODUCTS, INC.
STATEMENT OF OPERATIONS
($ in thousands except for share and per share data)
(unaudited)
<TABLE>
<CAPTION>
Three Months Ended Aug. 31, Nine Months Ended Aug. 31,
------------------------------------ -------------------------------------
Percent Percent Percent Percent
1998 of Sales 1997 of Sales 1998 of Sales 1997 of Sales
------- -------- ------ -------- ------ -------- ------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Sales $ 4,365 100 $10,117 100 $17,387 100 $23,771 100
Cost of sales 3,132 72 5,914 58 11,753 68 14,525 61
------- ------- ------- -------
Gross margin 1,233 28 4,203 42 5,634 32 9,246 39
Operating expenses:
Research and development 1,234 28 1,412 14 3,919 22 3,274 14
Sales, general and administrative 1,328 30 1,581 16 4,677 27 4,370 18
Interest expense, net 31 1 39 - 105 1 90
------- ------- ------- -------
2,593 59 3,032 30 8,701 50 7,734 33
Income (loss) before taxes (1,360) (31) 1,171 12 (3,067) (18) 1,512 6
Tax expense (benefit) (19) - 396 4 (19) - 529 2
------- ------- ------- -------
Net income (loss) $(1,341) (31) $ 775 8 $(3,048) (18) $ 983 4
------- ------- ------- -------
------- ------- ------- -------
Net income (loss) per share
Basic $ (0.11) $ 0.06 $ (0.25) $ 0.08
Diluted $ (0.11) $ 0.06 $ (0.25) $ 0.08
------- ------- ------- -------
------- ------- ------- -------
Average common shares outstanding
Basic 12,149,550 12,138,858 12,148,608 12,130,760
Diluted 12,149,550 12,412,607 12,148,608 12,264,611
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</TABLE>
<TABLE>
<CAPTION>
SUMMARY BALANCE SHEET
August 31, November 30,
1998 1997
---------- ------------
<S> <C> <C>
Current Assets $ 8,077 $ 14,230
Net Property Plant & Equipment 3,366 3,521
Other Assets 225 70
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Total Assets $ 11,668 $ 17,821
-------- --------
-------- --------
Current Liabilities $ 3,366 $ 6,144
Long Term Liabilities 1,111 1,499
Shareholders' Equity 7,191 10,178
-------- --------
Total Liabilities & Shareholders' Equity $ 11,668 $ 17,821
-------- --------
-------- --------
</TABLE>
