-----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, LybLR/NZtX8OMKORqwQqB+DfVbBXbTbk5BiFxR/fYEUURISmxt02n/LXcUyWawMc TU+PtpzothZnKbUPQ7e1sQ== 0000950153-05-000990.txt : 20050503 0000950153-05-000990.hdr.sgml : 20050503 20050503152240 ACCESSION NUMBER: 0000950153-05-000990 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050428 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20050503 DATE AS OF CHANGE: 20050503 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMKOR TECHNOLOGY INC CENTRAL INDEX KEY: 0001047127 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 231722724 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-29472 FILM NUMBER: 05794815 BUSINESS ADDRESS: STREET 1: 1345 ENTERPRISE DR CITY: WEST CHESTER STATE: PA ZIP: 19380 BUSINESS PHONE: 6104319600 MAIL ADDRESS: STREET 1: 1345 ENTERPRISE DR CITY: WEST CHESTER STATE: PA ZIP: 19380 8-K 1 p70577e8vk.htm 8-K e8vk
 

 
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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)

April 28, 2005


AMKOR TECHNOLOGY, INC.

(Exact name of registrant as specified in its charter)
         
DELAWARE   000-29472   23-1722724
         
(State or Other Jurisdiction of
Incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

1345 ENTERPRISE DRIVE
WEST CHESTER, PA 19380

(Address of Principal Executive Offices, including Zip Code)

(610) 431-9600
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 


 

Item 1.01. Entry Into a Material Definitive Agreement.

     On April 28, 2005 Amkor Technology, Inc. (“Amkor”) reached a settlement with Fujitsu Limited with respect to pending litigation (the “Fujitsu case”) involving allegedly defective epoxy mold compound. As part of a broader settlement agreement among all parties to this matter, Amkor has agreed to pay $40 million in consideration of a release from all claims related to this litigation. Amkor will continue to incur legal expenses in defense of the other pending cases related to the mold compound litigation matter. These other pending cases are more fully discussed in Amkor’s December 31, 2004 Form 10-K.

     As a result of this settlement, Amkor will record a charge of $40 million (with no associated tax benefit) in the Consolidated Statement of Operations for the three months ended March 31, 2005. A copy of the press release related to this settlement is attached to this Form 8-K as Exhibit 99.1.

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.
         
  AMKOR TECHNOLOGY, INC.

 
 
  By:   /s/ Kenneth T. Joyce    
    Kenneth T. Joyce   
    Chief Financial Officer   
 

Date: May 3, 2005

EXHIBIT INDEX:

99.1 Text of Press Release dated April 28, 2005

 

EX-99.1 2 p70577exv99w1.htm EX-99.1 exv99w1
 

Exhibit 99.1

     
(AMKOR LOGO)
  News Release

Amkor Reaches Settlement in Fujitsu Mold Compound Litigation

CHANDLER, Ariz., April 28, 2005 — Amkor Technology, Inc. (NASDAQ: AMKR) said today that it has reached settlement with Fujitsu Limited with respect to pending litigation (“the Fujitsu case”) involving allegedly defective mold compound. As part of a broader settlement agreement reached among Fujitsu, Cirrus Logic Inc. and Sumitomo Bakelite Co., Amkor has agreed to pay Fujitsu $40 million in consideration of a release from all claims related to this case. In connection with this settlement, Amkor will record a charge of $40 million (with no associated tax benefit) or ($0.22) per share, in the Consolidated Statement of Operations for the three months ended March 31, 2005.

Amkor previously announced resolution of cases involving Philips and Seagate. Amkor will continue to incur legal expenses in defense of the pending mold compound cases with Maxim and Fairchild. While these cases are in the early stages of discovery, management is confident based on current information that these two pending cases, which are more fully disclosed in Amkor’s December 31, 2004 Form 10-K, involve substantially smaller damage claims against Amkor than the Fujitsu case.

About Amkor:
Amkor Technology, Inc. is a leading provider of contract semiconductor assembly and test services. The company offers semiconductor companies and electronics OEMs a complete set of microelectronic design and manufacturing services. More information on Amkor is available from the company’s SEC filings and on Amkor’s web site: www.amkor.com.

Contact:

Amkor Technology
Jeffrey Luth
VP Corporate Communications
(480) 821-2408 Ext. 5130
jluth@amkor.com

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