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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 4
TO
SCHEDULE 14D-9/A
SOLICITATION/RECOMMENDATION STATEMENT PURSUANT TO
SECTION 14(d)(4) OF THE SECURITIES EXCHANGE ACT OF 1934
SMARTFLEX SYSTEMS, INC.
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(NAME OF SUBJECT COMPANY)
SMARTFLEX SYSTEMS, INC.
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(NAME OF PERSON(S) FILING STATEMENT)
COMMON STOCK, $.0025 PAR VALUE
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(TITLE OF CLASS OF SECURITIES)
83169K108
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((CUSIP) NUMBER OF CLASS OF SECURITIES)
WILLIAM L. HEALEY
PRESIDENT, CHIEF EXECUTIVE OFFICER AND
CHAIRMAN OF THE BOARD
14312 FRANKLIN AVENUE
TUSTIN, CALIFORNIA 92781
(714) 838-8737
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(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON
AUTHORIZED TO RECEIVE NOTICE AND COMMUNICATIONS
ON BEHALF OF THE PERSON(S) FILING STATEMENT)
COPIES TO:
NICK E. YOCCA, ESQ.
STRADLING YOCCA CARLSON & RAUTH
660 NEWPORT CENTER DRIVE, SUITE 1600
NEWPORT BEACH, CALIFORNIA 92660
(949) 725-4000
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This Amendment No. 4 amends Items 8 and 9 of the
Solicitation/Recommendation Statement on Schedule 14D-9 (as amended, the
"Schedule 14D-9") of SMARTFLEX SYSTEMS, INC., a Delaware corporation (the
"Company"), filed with the Securities and Exchange Commission on July 14, 1999,
relating to a tender offer by SSI Acquisition Corp., a Delaware corporation (the
"Purchaser"), a wholly-owned subsidiary of Saturn Electronics & Engineering,
Inc., a Michigan corporation ("Saturn"), for all of the outstanding shares of
Common Stock, $.0025 par value, of the Company (the "Offer"). Unless otherwise
stated herein, the capitalized terms used but not defined herein shall have the
same meaning as set forth in the Schedule 14D-9.
ITEM 8. ADDITIONAL INFORMATION TO BE FURNISHED.
(a) On August 10, 1999, the Company received written notice from Saturn
of its election to extend the expiration date of its offer to purchase all of
the issued and outstanding shares of common stock of the Company to 12:00
midnight, New York City time on August 25, 1999. A copy of the letter is
attached hereto as Exhibit 22.
ITEM 9. MATERIAL TO BE FILED AS EXHIBITS.
22 Letter from Saturn to the Company dated August 10, 1999.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
SMARTFLEX SYSTEMS, INC.
/s/ WILLIAM L. HEALEY
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Name: William L. Healey
Title: Chairman of the Board, President
and Chief Executive Officer
Date: August 11, 1999
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EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
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22 Letter from Saturn to the Company dated August 10, 1999.
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[SATURN ELECTRONICS AND ENGINEERING, INC.]
August 10, 1999
VIA FACSIMILE
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Mr. William Healey
President and CEO
Smartflex Systems, Inc.
14312 Franklin Avenue
Tustin, CA 92781
Dear Bill:
The purpose of this letter is to notify Smartflex Systems, Inc. that SSI
Acquisition Corp. has decided to extend to 12:00 midnight, New York City time
on August 25, 1999 the expiration date of its offer to purchase all of the
issued and outstanding shares of common stock of Smartflex Systems, Inc. If
you have any questions, please give me a call.
Sincerely,
/s/ WALLY TSUHA
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Wally Tsuha,
President and CEO
cc: Nick E. Yocca, Esq. (via facsimile)
Donald J. Kunz, Esq. (via facsimile)
