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): April 12, 1999
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MEMC ELECTRONIC MATERIALS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-13828 56-1505767
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification
incorporation) No.)
501 Pearl Drive, St. Peters, Missouri 63376
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (314) 279-5000
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(Not Applicable)
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(Former name or former address, if changed since last report)
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Item 5. Other Events
MEMC ANNOUNCES FIRST QUARTER 1999 REVENUE AND NET EARNINGS
MEMC Electronic Materials, Inc. issued a news release on April 12, 1999
announcing its preliminary first quarter 1999 revenues and net earnings. This
news release is incorporated herein by reference to Exhibit 99.1 attached
hereto.
Item 7. Financial Statements and Exhibits
C. Exhibits
Exhibit No. Description
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99.1 News release issued by MEMC Electronic Materials, Inc.
dated April 12, 1999
SIGNATURE
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.
MEMC Electronic Materials, Inc.
Date: April 12, 1999 /s/ James M. Stolze
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James M. Stolze
Executive Vice President and
Chief Financial Officer
<PAGE>
EXHIBIT INDEX
These Exhibits are numbered in accordance with the Exhibit Table of Item
601 of Regulation S-K:
Exhibit No. Description
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99.1 News release issued by MEMC Electronic Materials,
Inc. dated April 12, 1999
CONTACT: Janine Orf
Director, Investor Relations
(314) 279-5443
Michele Katz/Connie Bienfait
Morgen-Walke Associates
Press: Frank Domondom/
Tammy Rose
212-850-5600
MEMC ANNOUNCES FIRST QUARTER 1999 REVENUE AND NET EARNINGS
St. Peters, MO, April 12, 1999 - As previously announced on March 26, 1999,
because of the current rights offering to the Company's stockholders other than
VEBA Corporation and VEBA Zweite Verwaltungsgesellschaft mbH, MEMC Electronic
Materials, Inc. (NYSE: WFR) today released information available regarding first
quarter 1999 revenues and net earnings.
MEMC announced net sales of $159.8 million for the 1999 first quarter. In the
1998 fourth quarter, net sales totaled $153.8 million. In addition, for the 1999
first quarter, the Company announced a net loss of $50.3 million, or $1.19 per
share, compared to a net loss in the 1998 fourth quarter of $65.1 million, or
$1.61 per share, before after-tax restructuring charges of $5.3 million, or
$0.13 per share. MEMC management has not completed its final review of the first
quarter financial results. The results reported in this press release are
preliminary. The review process will continue until the announcement of complete
first quarter results.
MEMC plans to report complete first quarter results on Monday, April 26, 1999
after the market closes, with a conference call to follow on Tuesday, April 27,
1999 at 9:00 a.m. eastern time.
This news release shall not constitute an offer to sell or the solicitation of
an offer to buy nor shall there be any sale of the rights in any state or other
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such state or
other jurisdiction. In any state or other jurisdiction where securities, blue
sky laws or other laws require the rights offering to be made by a licensed
broker or dealer, the rights offering will be deemed to be made on behalf of the
Company by the dealer managers or one or more registered brokers or dealers
licensed under the laws of such jurisdiction. The rights offering is being made
only by means of a prospectus. A copy of the prospectus may be obtained from the
information agent for the rights offering, Morrow & Co., Inc. Banks and
brokerage firms should call 800-662-5200 and others should call 800-566-9061.
MEMC is a leading producer of silicon wafers in the world. The silicon wafer is
the fundamental building block of semiconductors, which, in turn, are found in
virtually all electronics applications, including computers, telecommunications
equipment, automobiles, consumer electronics products, industrial automation and
control systems, and analytical and defense systems. Headquartered in St.
Peters, MO, MEMC operates manufacturing facilities directly or through joint
ventures in Italy, Japan, Malaysia, South Korea, Taiwan, and the United States.
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