-----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, ClZWe1brDW89t9AiWjyUqoDNiNQKxv64IXEHYl//aeAV8rFnhX37wFPadFksYNde 2kAhpoyNy0/5DGR1S3cmPQ== 0001015402-01-000605.txt : 20010224 0001015402-01-000605.hdr.sgml : 20010224 ACCESSION NUMBER: 0001015402-01-000605 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010219 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010220 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HEI INC CENTRAL INDEX KEY: 0000351298 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 410944876 STATE OF INCORPORATION: MN FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-10078 FILM NUMBER: 1549691 BUSINESS ADDRESS: STREET 1: 1495 STEIGER LAKE LN STREET 2: P O BOX 5000 CITY: VICTORIA STATE: MN ZIP: 55386 BUSINESS PHONE: 9524432500 MAIL ADDRESS: STREET 1: P O BOX 5000 STREET 2: 1495 STEIGER LAKE LANE CITY: VICTORIA STATE: MN ZIP: 55386 8-K 1 0001.txt 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 19, 2001 ----------------- HEI, INC. --------- (Exact Name of Registrant as Specified in Its Charter) MINNESOTA --------- (State or Other Jurisdiction of Incorporation) 0-10078 41-0944876 ------- ---------- (Commission File Number) (IRS Employer Identification No.) 1495 STEIGER LAKE LANE, VICTORIA, MINNESOTA 55386 - ------------------------------------------- ----- (Address of Principal Executive Offices) (Zip Code) 952-443-2500 ------------ (Registrant's Telephone Number, Including Area Code) N/A --- (Former Name or Former Address, if Changed Since Last Report) ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits: 99.1 Investor and financial analyst information memorandum, February 16, 2001. ITEM 9. REGULATION FD DISCLOSURE. On February 16, 2001, HEI, Inc. management met with financial analysts by telephone. A copy of the memorandum of information discussed at this meeting is filed as Exhibit 99.1 hereto. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf of the undersigned thereunto duly authorized. Dated: Februrary 16, 2001 HEI, INC. By /s/ Anthony J. Fant ----------------------------- Anthony J. Fant Chairman and Chief Executive Officer 3 INDEX TO EXHIBITS Exhibit No. Description - ----------- ----------- 99.1 Investor and financial analyst information memorandum, February 16, 2001. 4 EX-99.1 2 0002.txt HEI INC MEMORANDUM SEC FD Disclosure On February 16, 2001, HEI, Inc. management met with market analysts in a series of meetings which began on November 16, 2000. The following information was disclosed: HEARING PRODUCTS Profit margin on hearing products is expected to increase slightly in FY 2001, however, growth in high-end digital products is expected to soften near term. HEI expects the long-term outlook for its hearing business to remain strong. BROADBAND PRODUCTS HEI expects increased revenue from the design and manufacture of Broadband products for fiber optic and high frequency wireless applications. HEI has numerous programs in the design and prototype stages and several new production volume programs utilizing HEI's proprietary technology for high frequency applications expected to begin in the very near term. HEI expects to continue investing in capital equipment and personnel to meet demand for manufacturing capacity for these products throughout the remainder of this year. The value added by HEI's intellectual property is expected to increase profit margins. HEI is working with a number of customers and potential customers for Broadband business opportunities. HEI believes these companies represent the leaders in Broadband communications. HEI is also negotiating with a current customer to add equipment and assembly capabilities for Contact Smart Card opportunities. CONTRACT MANUFACTURING The Mexico Division of HEI is being streamlined to allow more focus on opportunities related directly to HEI Microelectronics Division and HEI High Density Interconnect Division. Management reiterated its expectation for 50% overall revenue growth for FY 2001 versus FY 2000. Management expects gross margins to improve marginally in FY 2001 versus FY2000 and to improve further as the Broadband products ramp into volume production in FY 2002 and beyond. FORWARD LOOKING INFORMATION Information in this news release, which is not historical, includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements contained in this press release, including the importance of specific technologies within specific markets, the growth and growth rate of specific markets, and the estimated HEI revenue are forward looking statements. All of such forward-looking statements involve risks and uncertainties including, without limitation, adverse business or market conditions, the ability of HEI to secure and satisfy customers, the availability and cost of materials from HEI's suppliers, adverse competitive developments, change in or cancellation of customer requirements, and other risks detailed from time to time in HEI's SEC filings. -----END PRIVACY-ENHANCED MESSAGE-----