EX-25.1 6 a2130614zex-25_1.htm EX-25.1



SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549


FORM T-1

STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF
A CORPORATION DESIGNATED TO ACT AS TRUSTEE

CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF
A TRUSTEE PURSUANT TO SECTION 305(b)(2)                 


J. P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)



(State of incorporation
if not a national bank)

 

95-4655078
(I.R.S. employer
identification No.)

1999 Avenue of the Stars - Floor 26
Los Angeles, CA
(Address of principal executive offices)

 

90067
(Zip Code)

William H. McDavid
General Counsel
270 Park Avenue
New York, New York 10017
Tel: (212) 270-2611
(Name, address and telephone number of agent for service)


RICHARDSON ELECTRONICS, LTD.
(Exact name of obligor as specified in its charter)

Delaware
(State or other jurisdiction of
incorporation or organization)
  36-2096643
(I.R.S. employer
identification No.)

40W267 Keslinger Road
P.O. Box 393
LaFox, Ilinois
(Address of principal executive offices)

 

60147-0393
(Zip Code)

Convertible Senior Subordinated Notes
(Title of the indenture securities)




Item 1. General Information.

        Furnish the following information as to the trustee:

    (a)
    Name and address of each examining or supervising authority to which it is subject.

      Comptroller of the Currency, Washington, D.C.
      Board of Governors of the Federal Reserve System, Washington, D.C.

    (b)
    Whether it is authorized to exercise corporate trust powers.

      Yes.

Item 2. Affiliations with Obligor.

        If the Obligor is an affiliate of the trustee, describe each such affiliation.

        None.

No responses are included for Items 3-15 of this Form T-1 because the Obligor is not in default as provided under Item 13.

Item 16. List of Exhibits.

        List below all exhibits filed as part of this statement of eligibility.


Exhibit 1.

 

Articles of Association of the Trustee as Now in Effect (see Exhibit 1 to Form T-1 filed in connection with Form 8K of the Southern California Water Company filing, dated December 7, 2001, which is incorporated by reference).

Exhibit 2.

 

Certificate of Authority of the Trustee to Commence Business (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 333-41329, which is incorporated by reference).

Exhibit 3.

 

Authorization of the Trustee to Exercise Corporate Trust Powers (contained in Exhibit 2).

Exhibit 4.

 

Existing By-Laws of the Trustee (see Exhibit 4 to Form T-1 filed in connection with Form 8K of the Southern California Water Company filing, dated December 7, 2001, which is incorporated by reference).

Exhibit 5.

 

Not Applicable

Exhibit 6.

 

The consent of the Trustee required by Section 321 (b) of the Act (see Exhibit 6 to Form T-1 filed in connection with Registration Statement No. 333-41329, which is incorporated by reference).

Exhibit 7.

 

A copy of the latest report of condition of the Trustee, published pursuant to law or the requirements of its supervising or examining authority.

Exhibit 8.

 

Not Applicable

Exhibit 9.

 

Not Applicable

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SIGNATURE

        Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, J. P. Morgan Trust Company, National Association, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Chicago, and State of Illinois, on the 11th day of March, 2004.


 

J. P. Morgan Trust Company, National Association

 

By

 

/s/  
F. HENRY KLESCHEN III      
F. Henry Kleschen III
Authorized Officer

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Exhibit 7. Report of Condition of the Trustee.

Consolidated Report of Condition of
J.P. Morgan Trust Company, National Association
(Legal Title)
as of close of business on
December 31, 2003


 

 

($000)

Assets      
  Cash and Due From Banks   $ 22,115
  Securities     141,598
  Loans and Leases     106,261
  Premises and Fixed Assets     13,111
  Intangible Assets     403,878
  Goodwill     250,539
  Other Assets     50,801
   
    Total Assets   $ 988,303
   

Liabilities

 

 

 
  Deposits   $ 119,625
  Other Liabilities     112,490
   
    Total Liabilities     232,115
Equity Capital      
  Common Stock     600
  Surplus     701,587
  Retained Earnings     54,001
   
    Total Equity Capital     756,188
   
    Total Liabilities and Equity Capital   $ 988,303
   

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