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 16, 2017
INTEL CORPORATION
(Exact name of registrant as specified in its charter)
Delaware |
000-06217 |
94-1672743 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
2200 Mission College Blvd., Santa Clara, California |
95054-1549 | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (408) 765-8080
Not Applicable |
(Former name or former address, if changed since last report.) |
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:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
Emerging Growth Company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 | Other Events. |
On November 16, 2017, Intel Corporation (Intel) announced that it has issued a notice of redemption to holders of Intels outstanding 2.95% junior subordinated convertible debentures due 2035 (CUSIP Number 458140AC4) (the Securities) announcing its intention to redeem all outstanding Securities in full on December 18, 2017 in accordance with the terms of the indenture governing the Securities. The Securities may be converted at any time before 5:00 p.m., New York City time, on December 15, 2017, the business day immediately preceding the redemption date. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits. |
The following exhibits are filed as part of this Report.
Exhibit Number |
Description | |
99.1 | Press release dated November 16, 2017 |
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.
INTEL CORPORATION | ||||
(Registrant) | ||||
Date: November 16, 2017 | /s/ Robert H. Swan | |||
Robert H. Swan | ||||
Executive Vice President and Chief Financial Officer |
Exhibit 99.1
Intel to Redeem 2.95% Junior Subordinated Convertible Debentures Due 2035
SANTA CLARA, Calif., Nov. 16, 2017Intel announced today that it has issued a notice of redemption to redeem on December 18, 2017 all of its outstanding 2.95% Junior Subordinated Convertible Debentures due 2035 (CUSIP Number 458140AC4) (the Securities). As of November 15, 2017, approximately $1.6 billion of the Securities was outstanding.
The Securities called for redemption will be redeemed at a stated redemption price equal to 100% of the aggregate principal amount of such Securities, plus accrued and unpaid interest to (but excluding) the redemption date.
The conversion rate of the Securities as of November 16, 2017 is 37.1860 shares of Intel common stock per $1,000 principal amount of the Securities, which is equivalent to a conversion price of $26.89 per share of common stock. The Securities called for redemption may be converted at any time before 5:00 p.m., New York City time, on December 15, 2017, the business day immediately preceding the redemption date. Intel has elected to settle the conversion obligation with respect to the Securities in cash. The amount of cash payable upon conversion of any Security shall, for each share of Common Stock into which the Security is convertible, be equal to the average, as determined by Intel or its agent, of the last reported price of the common stock for the five consecutive trading days immediately following the date the Security has been submitted for conversion in accordance with the indenture. Any holder that surrenders any Securities for conversion between the close of business on the record date occurring on December 1, 2017 and the opening of business on the interest payment date occurring on December 15, 2017 shall be required to pay Intel an amount equal to the interest payable by Intel with respect to such Securities on the interest payment date occurring on December 15, 2017 at the time such holder surrenders such Securities for conversion.
A copy of the notice of redemption may be obtained from Wells Fargo Bank, National Association, as trustee, paying agent and conversion agent, by calling (800) 344-5128.
About Intel
Intel (NASDAQ: INTC) expands the boundaries of technology to make the most amazing experiences possible. Information about Intel can be found at newsroom.intel.com and intel.com.
Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries.
*Other names and brands may be claimed as the property of others.
CONTACTS: | Tushar Jain | Cara Walker | ||||
Investor Relations | Media Relations | |||||
408-653-9488 | 503-696-0831 | |||||
tushar.jain@intel.com | cara.walker@intel.com |
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