-----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, SYjWgHeAvlyx//VmnPbsaI9sVK7dv+UogOZLmKNFiJichobrDaRnHTQj7+KOQJVQ ZuwScEJwOcSGUkjNWJrQyw== 0000889810-96-000041.txt : 19960321 0000889810-96-000041.hdr.sgml : 19960321 ACCESSION NUMBER: 0000889810-96-000041 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19960315 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19960320 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: APPLIED MAGNETICS CORP CENTRAL INDEX KEY: 0000006948 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679] IRS NUMBER: 951950506 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06635 FILM NUMBER: 96536348 BUSINESS ADDRESS: STREET 1: 75 ROBIN HILL RD CITY: GOLETA STATE: CA ZIP: 93117 BUSINESS PHONE: 8056835353 MAIL ADDRESS: STREET 1: 75 ROBIN HILL ROAD CITY: GOLETA STATE: CA ZIP: 93117 8-K 1 APPLIED MAGNETICS 8-K 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): MARCH 15, 1996 APPLIED MAGNETICS CORPORATION (Exact Name of Registrant as Specified in its Charter) DELAWARE (State or Other 1-6635 95-1950506 Jurisdiction of (Commission (IRS Employer Incorporation) File Number) Identification No.) 75 ROBIN HILL ROAD GOLETA, CALIFORNIA 93117 (Address of Principal Executive Offices) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (805) 683-5353 -1- Item 5. OTHER EVENTS On March 15, 1996, Applied Magnetics Corporation announced that it has executed an agreement for the sale, in an offshore offering and in a concurrent private placement in the United States, of $100.0 million of 7.0% Convertible Subordinated Debentures due 2006. Item 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits. Exhibit No. Description of Exhibit ----------- ---------------------- 99 Press Release dated March 15, 1996 announcing that Applied Magnetics Corporation has executed an agreement for the sale, in an offshore offering and in a concurrent private placement in the United States, of $100.0 million of 7.0% Convertible Subordinated Debentures due 2006. 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. APPLIED MAGNETICS CORPORATION By: /s/ Craig D. Crisman ----------------------------- Craig D. Crisman Chairman of the Board and Chief Executive Officer (Principal Financial Officer) Dated: March 20, 1996 -2- INDEX TO EXHIBITS Sequentially Numbered Exhibit Number Description of Exhibit Page -------------- ---------------------- ------------ Exhibit 99 Press Release dated March 15, 1996 announcing that Applied Magnetics Corporation has executed an agreement for the sale, in an offshore offering and in a concurrent private placement in the United States, of $100.0 million of 7.0% Convertible Subordinated Debentures due 2006. 4 -3- EXHIBIT 99 ---------- FOR IMMEDIATE RELEASE: FOR MORE INFORMATION: March 15, 1996 Craig D. Crisman Chairman and Chief Executive Officer (805) 683-5353 APPLIED MAGNETICS CORPORATION EXECUTES AGREEMENT FOR THE SALE OF $100.0 MILLION OF CONVERTIBLE SUBORDINATED DEBENTURES Goleta, CA - Applied Magnetics Corporation (NYSE: APM) today announced that it has executed an agreement for the sale, in an offshore offering and in a concurrent private placement in the United States, of $100.0 million of 7.0% Convertible Subordinated Debentures due 2006. The Debentures, non-callable for three years, will be convertible into common stock at a rate of $18.60 per share, which equates to an aggregate of approximately 5,376,344 shares of the Company's common stock. The agreement provides for an option to purchase up to approximately $15.0 million principal amount of additional debentures for the purpose of covering over-allotments, if any. The sale is scheduled to close on March 22, 1996. Proceeds from the sale of the debentures will be used to repay debt, to fund capital expenditures and for general corporate purposes. Neither the debentures nor the common stock issuable upon conversion have been registered under the United States Securities Act of 1933. Accordingly, these securities may not be offered or sold in the United States or to any U.S. person absent registration or an applicable exemption from the registration requirements. Applied Magnetics, with headquarters in Goleta, CA, is a major independent supplier of magnetic recording heads for disk drive applications for the worldwide data storage segment of the computer industry. This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities. -4- -----END PRIVACY-ENHANCED MESSAGE-----