CREDENCE SYSTEMS CORP
8-K, 2000-03-01
INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS
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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) FEBRUARY 25, 2000
                                                -------------------------------

                          CREDENCE SYSTEMS CORPORATION
- -------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

       DELAWARE                     000-22366                  94-2878499
- -------------------------------------------------------------------------------
(State or other jurisdiction       (Commission               (IRS Employer
    of incorporation)              File Number)            Identification No.)

                  215 FOURIER AVENUE, FREMONT, CALIFORNIA        94539
- -------------------------------------------------------------------------------
                  (Address of principal executive offices)     (Zip Code)

Registrant's telephone number, including area code    (510) 657-7400
                                                  -----------------------------

                                      NONE
- -------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)


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Item 5.  Other Events.

         On February 25, 2000, the Registrant issued a press release announcing
a follow-on offering of shares of common stock.

Item 7.  Exhibits.

         Press Release disseminated on February 25, 2000 announcing a follow-on
offering of 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
                                             ----------------------------------
                                             (Registrant)


Date:  February 29, 2000                     By /s/ DENNIS WOLF
                                               --------------------------------
                                             Name:    Dennis P. Wolf
                                             Title:   Executive Vice President,
                                                      Chief Financial
                                                      Officer and Secretary


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                                INDEX TO EXHIBITS


         EXHIBIT NO.                        DESCRIPTION
         -----------                        -----------
          99.1            Press Release disseminated on February 25, 2000
                          announcing a follow-on offering of common stock.



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                                                                    EXHIBIT 99.1

For More Information Contact:

         Connie Graybeal
         Credence Systems Corporation
         Phone: (510) 623-4774; Fax: (510) 623-2524
         E-mail: [email protected]


       CREDENCE SYSTEMS CORPORATION ANNOUNCES PUBLIC OFFERING OF 2,300,000
                  SHARES OF COMMON STOCK AT $115.00 PER SHARE

         FREMONT, Calif., February 25, 2000 - Credence Systems Corporation
(Nasdaq: CMOS) announced today the public offering of 2,300,000 shares of its
Common Stock at $115.00 per share. Credence Systems Corporation has granted to
the underwriters a thirty day option to purchase 345,000 additional shares of
Common Stock to cover over-allotments, if any. Salomon Smith Barney, Inc.,
Credit Suisse First Boston Corporation and SG Cowen Securities Corporation are
underwriters for the offering.

         The net proceeds to the Company will be used for working capital and
general corporate purposes. In addition, a portion of the net proceeds may also
be used to acquire complementary assets, technologies and businesses.

         Credence Systems Corporation is a leader in the manufacture of
automatic test equipment (ATE) for the worldwide semiconductor industry.
Credence offers a wide range of products with test capabilities for digital,
mixed-signal, and non-volatile memory semiconductors. Utilizing its patented
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.

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.



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