-----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, LYfE45IV9ZIGPlNknW8eolukaO8Jh9stmCL0kmmpZIbL3rCbxqCx8F9euu8+/4to y+kqu89tKsEKz/RLTYQtQg== 0000950135-96-001328.txt : 19960307 0000950135-96-001328.hdr.sgml : 19960307 ACCESSION NUMBER: 0000950135-96-001328 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19960228 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19960306 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: WANG LABORATORIES INC CENTRAL INDEX KEY: 0000104519 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER & OFFICE EQUIPMENT [3570] IRS NUMBER: 042192707 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05677 FILM NUMBER: 96531811 BUSINESS ADDRESS: STREET 1: 600 TECHNOLOGY PARK DRIVE CITY: BILLERICA STATE: MA ZIP: 01821-4120 BUSINESS PHONE: 5089675000 MAIL ADDRESS: STREET 1: 600 TECHNOLOGY PARK DRIVE STREET 2: MAILSTOP 014-B3C CITY: BILLERICA STATE: MA ZIP: 01821-4120 8-K 1 WANG LABORATORIES, INC. 1 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): February 28, 1996 ----------------- Wang Laboratories, Inc. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware ---------------------------------------------- (State or other jurisdiction of incorporation) 1-5677 04-2192707 ------------------------ --------------------------------- (Commission File Number) (IRS Employer Identification No.) 600 Technology Park Drive, Billerica, Massachusetts 01821 ---------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (508) 967-5000 -------------- 2 ITEM 5. OTHER EVENTS. ------------ On February 28, 1996, Wang Laboratories, Inc. ("Wang") announced that it completed a $140 Million offering of 6 1/2% Series B Cumulative Convertible Preferred Stock. On February 29, 1996 Wang announced that it had completed the repurchase and retirement of all of the outstanding shares of its 11% Exchangeable Preferred Stock at face value for approximately $73 Million in cash. Item 7. Financial Statements and Exhibits --------------------------------- (c) Exhibits Item Description ---- ----------- 99.1 Press Release Announcing Completion of Preferred Stock Offering 99.2 Press Release Announcing Repurchase of 11% Exchangeable Preferred Stock 3 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. WANG LABORATORIES, INC. Dated: March 6, 1996 By: /s/ Albert A. Notini ----------------------- ------------------------------ Albert A. Notini Senior Vice President, General Counsel and Corporate Secretary EX-99.1 2 PRESS RELEASE 1 Exhibit 99.1 Contact: Frank Ryan (508) 967-7038 Ed Pignone (508) 967-4912 WANG COMPLETES CONVERTIBLE PREFERRED OFFERING Billerica, Mass. (February 28, 1996) -- Wang (NASDAQ:WANG) announced today that it has completed the Convertible Preferred Stock offering announced on January 23, 1996. The new shares have a coupon of 6 1/2 percent and a conversion price of $26.5625, and were rated b3 by Moody's Investors Service and B by Standard and Poors. Through the offering, Wang will have raised approximately $140 million, including the underwriter's over-allotment option of approximately $18 million, which was exercised in full. Approximately $73 million is being used to retire Wang's 11 percent Exchangeable Preferred Stock at face value. The remainder of the proceeds will be used for general corporate purposes, which may include acquisitions. Wang is a recognized world leader in workflow, integrated imaging, document management, and network storage management software for client/server open systems and a major worldwide provider of integration and support services for office software and networks. - end - EX-99.2 3 PRESS RELEASE 1 Exhibit 99.2 Contact: Frank Ryan (508) 967-7038 Ed Pignone (508) 967-4912 WANG RETIRES 11 PERCENT EXCHANGEABLE PREFERRED STOCK Billerica, Mass. (February 29, 1996) -- Wang (NASDAQ:WANG) announced today that it has completed the repurchase and retirement of all of the outstanding shares of its 11 Percent Exchangeable Preferred Stock, at face value, for approximately $73 million in cash. The retirement of the Exchangeable Preferred Stock will result in a one-time charge of $8.8 million in the current quarter, reflecting the difference between the repurchase value and the carrying value of the securities. This will not affect net income, but will reduce the amount of net income applicable to common stockholders and earnings per share. Wang is a recognized world leader in workflow, integrated imaging, document management, and network storage management software for client/server open systems and a major worldwide provider of integration and support services for office software and networks. - end - -----END PRIVACY-ENHANCED MESSAGE-----