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 19, 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 Closing of Rights Offering
MEMC Electronic Materials, Inc. issued a news release on April 19, 1999
announcing the closing of its rights offering. 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 19, 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 23, 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 19, 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 CLOSING OF RIGHTS OFFERING
St. Peters, MO, April 19, 1999 - MEMC Electronic Materials, Inc. (NYSE: WFR)
today announced the closing of its rights offering. As a result of this
transaction, MEMC raised $94 million in equity capital. An additional $106
million was raised in a private placement to VEBA Zweite Verwaltungsgesellschaft
mbH (VEBA Zweite) which closed on March 22, 1999, bringing the total in
connection with the rights offering and private placement to $200 million.
VEBA Zweite purchased those shares not subscribed for in the rights offering by
the other shareholders. As a result of this transaction and the private
placement, VEBA Corporation and VEBA Zweite, the Company's majority stockholder
group, increased their ownership to 71.8% of MEMC's common shares outstanding.
VEBA Corporation and VEBA Zweite are subsidiaries of VEBA AG. VEBA AG (NYSE:
VEB), which is among the largest publicly held industrial corporations in
Germany, is engaged in businesses including electricity, chemicals, oil,
distribution/logistics, real estate management and telecommunications.
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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