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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): April 12, 1999
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 (IRS Employer
Jurisdiction of Number) Identification Number)
Incorporation)
501 Pearl Drive (City of O'Fallon)
St. Peters, Missouri 63376
(Address of Principal Executive Office)
Registrant's telephone number, including area code: (314) 279-5500
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ITEM 5. OTHER EVENTS
On April 12, 1999, MEMC released information regarding first quarter 1999
revenues and net earnings and comparable information for the 1998 fourth
quarter. The 1998 fourth quarter net earnings information was incorrect by an
immaterial amount. The first three paragraphs of the Company's April 12th press
release are set forth below with the corrected 1998 fourth quarter net earnings
information:
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 $66.6 million, or
$1.65 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.
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 By: /s/ James M. Stolze
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James M. Stolze
Executive Vice President and
Chief Financial Officer
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