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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): November 28, 1997
COMMISSION FILE NUMBER 0-25796
STORMEDIA INCORPORATED
(Exact name of registrant as specified in its charter)
DELAWARE 77-0373062
(State or other jurisdiction (I.R.S. Employer
of incorporation or Identification
organization) Number)
385 REED STREET, SANTA CLARA, CALIFORNIA 95050-3118
(Address of principal executive offices)
(Zip Code)
(408) 327-8400
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
The information which is set forth in the Registrant's press release
dated November 28, 1997 is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99.1 Text of Press Release dated November 28, 1997.
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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.
Date: December 1, 1997 STORMEDIA INCORPORATED
/s/ Judith M. O'Brien
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Judith M. O'Brien
Secretary
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INDEX TO EXHIBITS
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Exhibit Description
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99.1 Text of Press Release dated November 28, 1997
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Exhibit 99.1
STORMEDIA TO ACQUIRE AKASHIC
SANTA CLARA, Calif., -- (PRNewswire) -- November 28, 1997-- StorMedia
Incorporated (Nasdaq/NMS: STMD) announced today that it has signed an agreement
with Kubota Corporation to acquire its subsidiary, Akashic Memories Corporation,
a producer of magnetic media and substrates.
StorMedia will acquire two Akashic media facilities and a substrate
facility in California and a new substrate plant in Malaysia.
William J. Almon, Chairman and Chief Executive Officer of StorMedia
said, "This acquisition provides us with not only Akashic's unique substrate
resources and expertise but also broadens our customer base while allowing for
potential economies of scale and further efficiencies from combined operations.
The drive industry today demands bigger players with broader expertise to
satisfy customer requirements. This acquisition provides us those key elements."
ABOUT STORMEDIA:
StorMedia is a leading independent supplier of thin film disks for hard
disk drives used in portable and desktop computers, network servers and
workstations. The Company designs, develops, manufactures and sells disks in
workstations. The Company designs, develops, manufactures and sells disks in
2-1/2 and 3-1/2 inch sizes. Within each size, the Company provides a range of
coercivities (magnetics), fly heights and disk thicknesses to meet distinct
customer specifications.
For further information, please contact: Henry Lo, Treasurer of
StorMedia Incorporated, 408-327-8281/(STMD)
