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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) MARCH 23, 2000
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CREDENCE SYSTEMS CORPORATION
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(Exact name of registrant as specified in its charter)
DELAWARE 000-22366 94-2878499
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
215 FOURIER AVENUE, FREMONT, CALIFORNIA 94539
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (510) 657-7400
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NONE
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
On March 23, 2000, the Registrant issued a press release announcing a
two-for-one stock split of its Common Stock.
Item 7. Exhibits.
99.1 Press Release disseminated on March 23, 2000 announcing a two-for-one
stock split of Registrant's Common Stock.
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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 hereunto duly authorized.
CREDENCE SYSTEMS CORPORATION
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(Registrant)
Date: March 23, 2000 By /s/ DENNIS P. WOLF
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Name: Dennis P. Wolf
Title: Executive Vice President, Chief
Financial Officer and Secretary
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INDEX TO EXHIBITS
EXHIBIT NO. DESCRIPTION
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99.1 Press Release disseminated on March 23, 2000
announcing a two-for-one stock split of Registrant's
Common Stock
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
News Release
CREDENCE CONTACT: CREDENCE PUBLIC RELATIONS CONTACT:
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Dennis Wolf Connie Graybeal
Executive Vice President and CFO Credence Systems Corporation
Credence Systems Corporation 510.623.4774 or 510.623.2524 fax
510.657.7400 or 510.623.2591 fax E-mail: [email protected]
E-mail: [email protected]
Credence Systems Corporation Announces Two for One Stock Split
FREMONT, Calif., March 23, 2000--Credence Systems Corporation (Nasdaq
National Market: CMOS), a leading manufacturer of automatic test equipment (ATE)
for the worldwide semiconductor industry, today announced that its Board of
Directors has approved a two for one stock split of its common stock. The split
will be effected in the form of a stock dividend. Stockholders will receive one
additional share for each share held of record at the end of business on May 1,
2000. Shares resulting from the split are expected to be distributed by the
transfer agent on May 17, 2000.
ABOUT CREDENCE
Credence Systems Corporation is a leader in the manufacture of ATE for
the global semiconductor industry. Credence offers a wide range of products with
test capabilities for digital, mixed-signal, and non-volatile memory
semiconductors. Utilizing its proprietary CMOS technologies, Credence products
are designed to meet the strict time-to-market and cost-of-ownership
requirements of its customers. Headquartered in Fremont, California, the company
maintains advanced production and design facilities in Hillsboro, Oregon.
Credence, an ISO 9001 certified manufacturer, is listed on the Nasdaq National
Market under the symbol CMOS. More information is available at
http://www.credence.com.
SAFE HARBOR STATEMENT
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Statements in this release that are forward-looking and involve known and
unknown risks and uncertainties may cause the Company's actual results in future
periods to be materially different from the future performance suggested. Such
factors include, but are not limited to, economic and currency instability in
the Asia Pacific region; fluctuation in customer demand, timing, and volume of
orders and shipments; competition and pricing pressures; reliability and quality
issues; the Company's ability to complete the development of its new products;
product mix; overhead absorption; cyclicality and downturns in the semiconductor
industry; continued dependence on "turns" orders to achieve revenue objectives;
ability to consummate the TMT acquisition, integration of acquired businesses;
the Company's ability to have an appropriate amount of production capacity in a
timely manner; the timing of new technology; product introductions; the risk of
early obsolescence; and the Company's ability to control expenses.
Further, the Company operates in an industry sector where securities
values are highly volatile and may be influenced by economic and other factors
beyond the Company's control. Reference is made to the discussion of risk
factors detailed in the Company's filings with the Securities and Exchange
Commission, including its reports on Form 10-K and 10-Q. The Company assumes no
obligation to update the information in this press release.
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Credence and Credence Systems are trademarks of Credence Systems Corporation.
Other trademarks that may be mentioned in this release are the intellectual
property of their respective owners.
