-----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, KFNqY7jtrLvkZX/gSvO9b7N5C5p+lLICaZslrx0CTjf5eET+7L86AQNwLTQ5OLj5 9wD4aXDWUTnSKI1g/V8+kA== 0000912057-02-007907.txt : 20020414 0000912057-02-007907.hdr.sgml : 20020414 ACCESSION NUMBER: 0000912057-02-007907 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020227 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADAPTEC INC CENTRAL INDEX KEY: 0000709804 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] IRS NUMBER: 942748530 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15071 FILM NUMBER: 02560639 BUSINESS ADDRESS: STREET 1: 691 S MILPITAS BLVD STREET 2: M/S25 CITY: MILPITAS STATE: CA ZIP: 95035 BUSINESS PHONE: 4089458600 MAIL ADDRESS: STREET 1: 691 SOUTH MILPITAS BLVD STREET 2: M/S25 CITY: MILPITAS STATE: CA ZIP: 95035 8-K 1 a2072109z8-k.htm 8-K
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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 27, 2002

    ADAPTEC, INC.    

 

 



 

 
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation)

 

0-15071
(Commission
File Number)

 

94-2748530
(I.R.S Employer
Identification No.)
691 S. Milpitas Boulevard, Milpitas, CA
(Address of principal executive offices)
  95035
(Zip Code)

Registrant's telephone number, including area code: (408) 945-8600

(Former name or former address, if changed since last report)





Item 5.    Other Events

        On February 27, 2002, Adaptec, Inc. issued a press release announcing that it intends to raise, subject to market and other conditions, a total of $250 million through a private offering of convertible subordinated notes (which amount does not give effect to an option granted to the initial purchasers to acquire an additional $50 million in principal amount of the notes). The offering will be made to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended. A copy of the press release is filed as Exhibit 99.01 and incorporated herein by reference.


Item 7.    Financial Statements and Exhibits

    (c)
    Exhibits

          The following exhibit is filed herewith:

Exhibit No.

  Description of Exhibit

99.1

 

Press release, dated February 27, 2002.


SIGNATURE

        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.

    ADAPTEC, INC.

Date: February 27, 2002

 

By:

/s/ Kenneth B. Arola

Kenneth B. Arola
Vice President and Corporate Controller
(principal accounting officer)


EXHIBIT INDEX

Exhibit No.

  Description of Exhibit
99.1   Press release, dated February 27, 2002.



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SIGNATURE
EXHIBIT INDEX
EX-99.1 3 a2072109zex-99_1.htm EX-99.1
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Exhibit 99.01


ADAPTEC, INC. ANNOUNCES PROPOSED PRIVATE OFFERING
OF CONVERTIBLE SUBORDINATED NOTES

        Milpitas, CA—February 27, 2002—Adaptec, Inc. (Nasdaq: ADPT) today announced that it intends to raise, subject to market and other conditions, a total of $250 million through a private offering of convertible subordinated notes (which amount does not give effect to an option granted to the initial purchasers to acquire an additional $50 million of the notes). The offering will be made only to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933.

        The company intends to use the net proceeds of the offering for general corporate purposes. The notes, which will be convertible into shares of the company's common stock, will be due in 2007.

        The securities to be offered have not been registered under the Securities Act of 1933 or any state securities laws and unless so registered may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933 and applicable state securities laws.

Safe Harbor Statement

        Information in this release about this offering includes forward-looking statements that involve risks and uncertainties. Actual events could differ materially from our current expectations. Factors that could cause or contribute to such differences include, but are not limited to, risks associated with our business and general economic conditions. These and other factors are risks associated with our business that may affect our operating results are discussed in the section titled "Certain Factors Bearing Risks on Future Operating Results" in Part I, Item 2 of the company's most recently filed quarterly report on Form 10-Q.





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ADAPTEC, INC. ANNOUNCES PROPOSED PRIVATE OFFERING OF CONVERTIBLE SUBORDINATED NOTES
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