-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SHrHtk1bciUjSwYEkGcOsFoq9giEspCjXCeRkJTtJXFjB6fvZMWiaIuvfCXmB+p1 U50285saYZ8ezFVwUHOGcw== 0001104659-03-027044.txt : 20031119 0001104659-03-027044.hdr.sgml : 20031119 20031119150641 ACCESSION NUMBER: 0001104659-03-027044 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20031118 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20031119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VEECO INSTRUMENTS INC CENTRAL INDEX KEY: 0000103145 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY, NEC [3559] IRS NUMBER: 112989601 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16244 FILM NUMBER: 031012676 BUSINESS ADDRESS: STREET 1: TERMINAL DR CITY: PLAINVIEW STATE: NY ZIP: 11803 BUSINESS PHONE: 5163498300 FORMER COMPANY: FORMER CONFORMED NAME: VACUUM ELECTRONIC MANUFACTURING CORP DATE OF NAME CHANGE: 19700408 8-K 1 a03-5732_18k.htm 8-K

 

UNITED STATES
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):  November 18, 2003

 

VEECO INSTRUMENTS INC.

(Exact name of registrant as specified in its charter)

 

Delaware

 

0-16244

 

11-2989601

(State or other jurisdiction
of incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

 

 

 

 

100 Sunnyside Boulevard, Woodbury, New York 11797

(Address of principal executive offices, including zip code)

 

(516) 677-0200

(Registrant’s telephone number, including area code)

 

Not applicable.

(Former name or former address, if changed since last report.)

 

 



 

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

 

(c)  Exhibits.

 

Exhibit

 

Description

 

 

 

99.1

 

Press release issued by Veeco Instruments Inc. dated November 18, 2003.

 

Item 9.  Regulation FD Disclosure

 

On November 18, 2003, Veeco Instruments Inc. issued a press release announcing its acquisition of Advanced Imaging, Inc..  A copy of the press release is furnished as Exhibit 99.1 to this report.

 

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 hereunto duly authorized.

 

Date:  November 19, 2003

 

 

 

 

VEECO INSTRUMENTS INC.

 

 

 

By:

/s/ Gregory A. Robbins

 

 

Gregory A. Robbins

 

Vice President and General Counsel

 

2



 

EXHIBIT INDEX

 

Exhibit

 

Description

 

 

 

99.1

 

Press release issued by Veeco Instruments Inc. dated November 18, 2003.

 

3


EX-99.1 3 a03-5732_1ex99d1.htm EX-99.1

EXHIBIT 99.1

 

*

 

NEWS

 

Veeco Instruments Inc., 100 Sunnyside Blvd., Woodbury, NY 11797 Tel. 516-677-0200  FAX 516-677-0380

FOR IMMEDIATE RELEASE

Financial Contact:  Debra Wasser, VP of IR & Corp. Comm., 516-677-0200, x1472

Trade Contact: Fran Brennen, Dir. of Marketing Communications, 516-677-0200 x1222

 
VEECO COMPLETES PURCHASE OF ADVANCED IMAGING INC.

 

Makes Veeco the Only Company with
Complete Data Storage Slider Fab Technology Solution

 

Woodbury, NY, November 18, 2003 – Veeco Instruments Inc. (Nasdaq: VECO) today announced that it has purchased Advanced Imaging, Inc. (Aii), the world’s leading commercial manufacturer of precision bar lapping equipment for advanced data storage thin film magnetic heads.

 

Advanced Imaging’s technology is complementary to Veeco’s broad line of ion beam process equipment and metrology solutions, and the combination will make Veeco the only provider of end-to-end slider fab solutions for data storage. Aii’s revenues for the twelve months ended September 30, 2003 were $33 million. Veeco paid $60 million in cash for all the outstanding shares of Aii. The transaction also includes a three-year earn out feature that may require payment of up to an additional $9 million if future revenue and EBITA targets are achieved.

 

Advanced Imaging, a privately held company based in Camarillo, California, has 105 employees.  Aii’s key products are the ROBO6Ô Lapping tool, which enables precise material removal within 3 nanometers necessary for next generation thin film heads, and the ADS 300Ô for slicing and dicing of heads and rowbars. In the manufacture of thin film magnetic heads, dimensional tolerances, magnetic performance, and critical “fly height” are frequently achieved by the combined process steps of Aii’s precision lapping and Veeco’s ion milling and metrology.

 

1



 

Management Commentary

 

Edward H. Braun, Chairman and Chief Executive Officer of Veeco, commented, “With leading data storage thin film head manufacturers ramping the production of 80GB and investing in next generation 120GB technology, the combination of precision lapping and ion beam etching is critical in achieving magnetic “fly height” characteristics required for higher areal densities.  The addition of Advanced Imaging’s technology furthers Veeco’s position as a “one stop” supplier of thin film magnetic head slider fabrication solutions, and permits our customers to reduce time-to-market for their next generation devices.”

 

Mr. Braun continued, “Aii is highly regarded in the industry for its product innovation and manufacturing and engineering excellence.  We expect that Aii’s business will be accretive to Veeco on a cash basis in the first quarter of operation.”

 

Lauren D. Lackey, President and Chief Executive Officer of Advanced Imaging, Inc., commented, “The combination of Aii’s product technology and Veeco’s worldwide sales support at key data storage accounts will allow increased penetration for our existing lapping products and rapid introduction of new tools into the data storage industry and other Veeco markets.”

 

Conference Call about the Transaction

 

Veeco management will be hosting a conference call for investors to learn more about this transaction.  The call will be held tomorrow, Wednesday, November 19th at 10:00am E.S.T.  Interested parties may access the call by dialing 800-818-5264.  There will also be a live webcast of the call at www.veeco.com (investor page) where an accompanying slide presentation will be made available.  Following the live call, a replay will be available both on the website as well as telephonically at 719-457-0820 or 888-203-1112 code 367315.

 

About Veeco

 

Veeco Instruments Inc. provides solutions for nanoscale applications in the worldwide semiconductor, data storage, telecommunications/wireless and scientific research markets. Our Metrology products are used to measure at the nanoscale and our Process Equipment tools help create nanoscale devices. Veeco’s manufacturing and engineering facilities are located in New York,

 

2



 

New Jersey, California, Colorado, Arizona and Minnesota. Global sales and service offices are located throughout the United States, Europe, Japan and Asia Pacific. Additional information on Veeco can be found at http://www.veeco.com/.

 

About Aii

 

Advanced Imaging, Inc., which was founded in 1985, is the world’s leading commercial supplier of advanced lapping systems for the manufacture of advanced GMR heads.  Aii is one of the top equipment suppliers to the leading hard drive manufacturer in the world, Seagate Technologies Inc., and has shipped approximately 1,500 of its Robo and ADS family of products to head manufacturers worldwide. Additional information on Aii can be found at http://www.Aiiwebsite.com.

 

To the extent that this news release discusses expectations about market condition, market acceptance and future sales of Veeco’s products, Veeco’s future financial performance, or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made.  These factors include the challenges of continuing weakness in end market conditions and the cyclical nature of the telecommunications/wireless, data storage, semiconductor and research markets, risks associated with integrating acquired businesses and the acceptance of new products by individual customers and by the marketplace and other factors discussed in the Business Description and Management’s Discussion and Analysis sections of Veeco’s Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and current reports on Form 8-K .

.

# # #

 

3


GRAPHIC 4 g57321kmimage002.gif GRAPHIC begin 644 g57321kmimage002.gif M1TE&.#EAUP!(`'<`,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"'Y M!`$`````+`````#6`$<`A8&!@!,3$,L7)"35 MH4P$+ZS.#0D0$"S=71U*(MYY)BHG'A+G%Q$O*N^-ITL6#P\28.#61E&2?8%( M<,BPK,$U=0C[9&`284.>=A$)8;C`H,$##!P@9OS"#8*'/WAR61E):`6)"Q`: MG$/&<@L(F`\@2!BV)$^N_TLU"9DX`2$"A`<5,+R0%93(1G/F2,@ZP:0%'B5- M,8&0^:#!!:5!.6#(*1.#/B(HZ_2#EM51"67G/@*+2.)<3`]@C:A:M>>@E@XB M-"QP,26P!CPE`!M,4D)$!T`=-$36$#BRD70QCTJ8:V2%!@TETIA2S%:/A`OF MCG+`TB\)M3`&W6%1646`@X)ESDBS:F>P:"I3PA'!;!>"Q2'3=":U!0 MN/^$<,-58(X!3`!U!(89=A&"!W;E=`LGBX`A6A1,^%=$$Q;2R!\6['RX18E9 M;)CB<$P4L!H6)>QW0(Y91)#:.;9\<>`2LGFQ'!0^:H'C%5DBR41\.E8(HPL- M%K%`:P,4X$%.6K3G`I-0C""371.,T`8397(AFHTQ:K$8=D$X$`Q+:A(U$%&<4!':T]\651OR99S1?,MH3%W\F\>*-2SRVJ8E" M,/&83G8UP`%346!X17$L8FK'7NYU(1JM0_0(Z!:E+DK$AG!*VB5:2R2KY9!X M#@%@<:>>&.H1)D$P[45+)+C%%(F^4)VS45!5(ZJZ>%'_K!'5&>I%"WF.-^P+ M%61;U`/`!LI$M2\4=XX'>@C)Q8)#"O$@I5=X.&PE('+!:Q)YKM#G'0^S^L*< M=B7`PA4/#HKK.2+=0N!0X1V>I1Z1%UVU0,!PBMWR8*_ MYQRGA\I1C(?EEV3,$8<`:901G#2Y]9E&:W,0-L<8P4VA=!P8QD=P>C]W"T4( MJ>4J`;]#V-<@@#:?0W8=JO1#+G)H'#&E*E M/4=1ZB08^.NDSWTP$?@1JMC8WMIAF#MJXQ/;(7,4&=CE06HA,]N349?6\T#H M>`A\Q2GAYKP$SE^4^OA5F=?Q_R`6V?`&!0C_-G!I M!E!(O(2EN5Y`R%ZG0#'>IT/(WQKLZF+"\E(7+6Y=#@J=*XJ_P,<$%J6M'L`; MQ,.&=ZSB&6]2?9A;K_KP(.<1"'I$X,#'G,3`^1'.+GD1Q.W\8(ER83!F0+O# M,%K#OSN!<`@\D\":%,0$WV6K`6<9!!/RE8LK'`^`75A7'\Y7,!ONZ%:>RU@) ME9"->ME,0$<28N8@9,0F6*P.Y&MB'80D1C`T@8)%4`'/SI&`*2:!9X1CA.J$ M0*$LV/_'79HSQ;QD&,."L.P(V'B4`EE$-KZYP%XFJ8<$9'6_YB$!?5AP4Q_D M=\,P2"(/&K3.$6#RN0=F8VA+".0:3T>(W^3O!8/Q'A3(Z,$NV`IS2\!C&`PI MQC7:!7[Z4@(%2J!`NQ@%@H38W`9!19X^'*^57,AD&;^P'S1*[Y>"+$H#&">Z M)"#"9@[,%92X1YXI<>&5SNE$'FB)QC8HLPB)TZ;NCK`A:I3`'&F#U38%00R( M.:Q0?<#0%YUXP+X(:@@B%.3G?K<[%ZCJ!;WS5TY@-0$D;JJ/U-E2URII1FGT MLPUD%,*3M&F4SZ60"+1QER"?%"L(5*\-EGOB!\_%/#V63P__#W)!.6!BZRSI1<1084WQK,<$'E#0H@I! M)O5PDN\NX)`^\&VI6$B!))!9-A=8M5A@A4(:B'=&`^HQ6_&$`-F2M`3*$25L MMH0`!C9&.PMZ@98R)9826H<"*B"Q`[]QXV#%1X02#.,()@A`$PP0SPCP]8)U MQ<(*YN,YFQ;''+BT@VC2FH70%&JF0B@!)>,6!3*B0;5'6$$):(,P_WU)?"=0 M'Q$2F@`2,6$`B?RH.$RKA!98]0@;P%@T3W@!Q@8)07A0YG($$*%A(`J)&^H' MT@[P&!$@S7%:P-L8BN"`ZA#`0AS0_ZH]%"!9)@0@`!1T0-/$Y(6/:5,"ETK` M`[)8T24R$3Y?^&]M2'NRO`T6&AQ8:+8NY8$"#,#`+EC`/K5`LVC^BTXRRG%U0-&"9L)')IF M1ZR`!2=T9(1#:H"B#*Y#R5]HBH$@V MYH0;)T7U%DQ`"_WF+J>B7'3&*K"]/N]L`@E0Y[1L%FCZ%,4L)T"SL(T@CQ4` MB'#JY'*N)N"^,ILC`MKNLTL2W95S)/O":5M]\_>,B'II2_LPUD?)1L;R$`M,-!I;[!@`[[`@#*6H5_3:3.0 M4`6RLA\0@KT:G`M):;>NJYU36SZ`10OW`+!)H((0<",$?"Y"")`1$H60`.<" M5[#`FYS7C#U\(X8^^V]*ST\,ST2M;'(\L0\$YN8`.)W#%@0M40.O, MOL"C)^"!"31CH`KM+"(O53HJ^R[<1=G&GI6NAY]7V-HZ%'EQ9)U3SXI-V44O M.MS=GJV_WR7P,=FOS>G^B%5G8*I5AY6LHYCPP?5:T9?W+$S:OD98LP@UAM<[ MS^;M@0QLA/'!"'N=F3%">1+NQPQVN+_4&6YU.IWP#T^`V+_.BH*CWALE8$$) M2L#9V[/1VH*,JZ@17W0KT^<>'<7`"4I`@HK_7M@K"`DR@&UT!2)ET>HU":X1 - -SW-NC&#QUS]"$```.S\_ ` end
-----END PRIVACY-ENHANCED MESSAGE-----