SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): June 5, 1998
BERG ELECTRONICS CORP.
(Exact name of Registrant as specified in charter)
Delaware 1-14080 75-2451903
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
101 South Hanley Road 63105
St. Louis, Missouri (Zip code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (314) 726-1323
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ITEM 5. Other Events.
On June 5, 1998, Berg Electronics Corp., a Delaware corporation (the
"Company"), issued a press release announcing its adoption of a stock repurchase
program enabling the Company to repurchase up to $50 million in aggregate value
of the Company's outstanding shares of Common Stock in open market and/or
privately negotiated transactions.
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
Exhibit 99.1 - Press Release, dated June 5, 1998, announcing
adoption of stock repurchase program.
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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.
BERG ELECTRONICS CORP.
(Registrant)
Date: June 16, 1998 By: /s/ Joseph S. Catanzaro
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Joseph S. Catanzaro
Chief Accounting Officer
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EXHIBIT INDEX
Exhibit
99.1 - Press Release, dated June 5, 1998, announcing adoption of stock
repurchase program.
EXHIBIT 99.1
PRESS RELEASE
BERG ELECTRONICS
Corporate Headquarters
101 S. Hanley Road
St. Louis, MO 63105
CONTACT:
Gary D. Strong
Director Investor Relations
(314) 746-2235
For Immediate Release
Friday, June 5, 1998
BERG ELECTRONICS ANNOUNCES STOCK REPURCHASE PROGRAM
St. Louis, June 5, 1998 -- Berg Electronics Corp. (NYSE:BEI) today
announced that its Board of Directors has authorized a stock repurchase program
enabling the company to repurchase up to $50 million in aggregate value of the
company's outstanding common stock. Purchases of common stock by the company may
be made in the open market and/or through privately negotiated transactions at
prevailing market prices depending on market conditions.
"At current price levels we believe Berg Electronics stock represents an
attractive investment opportunity. Such a stock repurchase program is expected
to increase earnings per share and enhance financial flexibility," said James N.
Mills, Chairman and Chief Executive Officer. "The repurchased stock will become
treasury shares, available for general corporate purposes." The company
currently has 41,533,778 shares of common stock outstanding.
Berg Electronics Corp. is one of the largest suppliers of connector,
socket and cable assembly products in the world with 1997 sales of $785 million.
Berg is one of only four interconnect companies able to serve the electronic
connector needs of multinational OEMs and their contract manufacturers on a
global basis. The company's broad range of products serve the high-end data
processing, personal computing, all segments of telecommunications, as well as
the industrial and instrumentation markets. Headquartered in St. Louis,
Missouri, Berg Electronics employs more than 7,000 people worldwide at 23
manufacturing and research facilities, which are strategically located in the
United States, the Netherlands,
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France, Ireland, Sweden, the United Kingdom, Japan, Taiwan, Singapore, China,
Korea, Mexico and India. The company's stock trades on the New York Stock
Exchange under the symbol "BEI."
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