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
Date of report (Date of earliest event reported) June 12, 1996
STORAGE TECHNOLOGY CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
Delaware 1-7534 84-0593263
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(State or other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
2270 South 88th Street, Louisville, Colorado 80028-4309
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (303) 673-5151
Not applicable
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS
On June 12, 1996, the Company announced that it has called for
redemption on July 12, 1996 all of the Company's outstanding 7% Convertible
Subordinated Debentures due March 15, 2008 (the "Debentures"). The redemption
price is 104.9% of the principal amount, plus accrued interest for the period
from March 15, 1996 to July 12, 1996. On July 12, 1996, the redemption price
and accrued and unpaid interest will become due and payable on each outstanding
Debenture and interest will cease to accrue. As of the close of business on
June 11, 1996, the aggregate principal amount of Debentures outstanding was
approximately $170,874,000.
The Debentures are convertible at the option of the holder of the
Debenture into shares of the Company's common stock, $.10 par value per share,
at a conversion price of $23.50 per share of common stock. Any Debentures
which have not been converted into shares of common stock on or prior to 5:00
p.m., New York City time, on July 12, 1996 will be redeemed on July 12, 1996.
To redeem the Debentures or convert the Debentures into shares of the Company's
common stock, the holder of the Debenture must surrender the Debenture to the
trustee, American Stock Transfer and Trust Company, at its office in New York
City, New York.
ITEM 7. EXHIBITS
The following financial statements, pro forma financial information and
exhibits are filed as part of this report:
(A) FINANCIAL STATEMENTS OF BUSINESS ACQUIRED.
Not applicable
(B) PRO FORMA FINANCIAL INFORMATION.
Not applicable
(C) EXHIBITS.
None
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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.
Storage Technology Corporation
By: /s/ DAVID E. LACEY
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David E. Lacey
Executive Vice President and
Chief Financial Officer
Date: June 13, 1996
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