Filed pursuant to Rule 424(b)(3)
and Rule 424(c)
Registration No. 33-98728
CREE, INC.
PROSPECTUS SUPPLEMENT
Dated March 29, 2000
To Prospectus dated December 18, 1995, as supplemented by
the Prospectus Supplement dated May 24, 1996
The attached Prospectus for Cree, Inc., formerly known as Cree Research, Inc.,
is hereby supplemented as follows:
Professional Edge Fund, L.P., which is listed in the Prospectus as a selling
shareholder, has assigned and transferred to Susquehanna Capital Group warrants
to purchase 20,000 shares of Cree's common stock (as adjusted pursuant to the
2-for-1 stock split of Cree's common stock effective July 26, 1999). The
following table sets forth certain information which amends the selling
shareholders table of the Prospectus. Neither Professional Edge nor Susquehanna
is an affiliate of Cree nor has either had a material relationship with Cree
during the past three years.
<TABLE>
<CAPTION>
Percent of
No. of Shares of Shares Common Stock
Common Stock No. of Beneficially Owned After
Beneficially Owned Shares Owned After Completion of
Name at March 1, 2000 (1) Offered (1) Offering (2) Offering
- ---- -------------------- ----------- ------------ -------------
<S> <C> <C> <C> <C>
Professional Edge 0 0 0 -
Fund, L.P.
Susquehanna Capital 20,000 20,000 0 -
Group
</TABLE>
- ---------------
(1) Consists solely of common stock issuable to the selling shareholder upon the
exercise of currently exerciseable warrants to purchase shares of common
stock at an exercise price of $13.6125 per share.
(2) Assumes that all shares of common stock offered by the selling shareholder
are sold.
