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UNITED STATES 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
May 27, 1998
Date of Report (Date of earliest event reported)
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INTEGRATED MEASUREMENT SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
OREGON 93-0840631
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
Commission File No. 0-26274
9525 S.W. GEMINI DRIVE, BEAVERTON OR 97008
(Address of principal executive officers) (zip code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (503) 626-7117
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ITEM 5. OTHER EVENTS
Press Release
Integrated Measurement Systems, Inc. Announces Stock Repurchase
Program
On May 27, 1998, Integrated Measurement Systems, Inc. announced
that it intends to repurchase up to 500,000 shares of its
currently outstanding common stock over the next 12 months in
open market and negotiated transactions. Full text is attached
to this report as Exhibit 99a.
ITEM 6. EXHIBITS
(exhibit reference numbers refer to Item 601 of Regulation S-K)
99. Press Release -- INTEGRATED MEASUREMENT SYSTEMS, INC. ANNOUNCES
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 thereunto duly authorized on June 1, 1998.
INTEGRATED MEASUREMENT SYSTEMS, INC.
(Registrant)
/s/ Sar Ramadan
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Sar Ramadan
Chief Financial Officer
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EXHIBIT 99a
PRESS RELEASE
FOR IMMEDIATE RELEASE
INTEGRATED MEASUREMENT SYSTEMS, INC. ANNOUNCES STOCK REPURCHASE PROGRAM
Beaverton, OR - May 27, 1998 - Integrated Measurement Systems, Inc. announced
today that it intends to repurchase up to 500,000 shares of its currently
outstanding common stock over the next 12 months in open market and negotiated
transactions. This repurchase program will start immediately in increments in
accordance to SEC regulations and Board of Directors' guidance.
Keith Barnes, President and Chief Executive Officer stated: "IMS has evaluated
its financial options to ensure the most effective use of its capital. We
believe that IMS stock is undervalued, and therefore we consider it an
attractive investment."
IMS designs, manufactures, markets and services a family of versatile, high
performance engineering Test Stations used to verify and characterize complex
electronic device. In addition, the Company develops, markets and supports a
line of Virtual Test Software that permits design and test engineers to automate
test program development and to conduct simulated tests of electronic device
designs prior to the fabrication of the prototype of the actual device.
IMS products enable its customers to shorten time-to-market, enhance accuracy of
design, reduce both the time required to test and the cost of testing the
customers' devices and provide reliable and prompt feedback to both design and
test engineers.
