-----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, MnDShdaQ+DHzjiEErOBkQshgEDuqyc3D1km/DMy0YGaT/lcimcvFQJV4QCLcFSUS 1rgZG+ecKIGQryi3zeKghQ== 0000073568-98-000005.txt : 19980223 0000073568-98-000005.hdr.sgml : 19980223 ACCESSION NUMBER: 0000073568-98-000005 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980220 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980220 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: OAK INDUSTRIES INC CENTRAL INDEX KEY: 0000073568 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC CONNECTORS [3678] IRS NUMBER: 361569000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-04474 FILM NUMBER: 98546277 BUSINESS ADDRESS: STREET 1: 1000 WINTER STREET STREET 2: BAY COLONY CORP CENTER CITY: WALTHAM STATE: MA ZIP: 02154 BUSINESS PHONE: 6178900400 MAIL ADDRESS: STREET 1: BAY COLONY CORPORATE CENTER STREET 2: 1000 WINTER STREET CITY: WALTHAM STATE: MA ZIP: 02154 FORMER COMPANY: FORMER CONFORMED NAME: OAK ELECTRONETICS CORP DATE OF NAME CHANGE: 19720827 8-K 1 MAIN DOCUMENT 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 20, 1998 Oak Industries Inc. (Exact name of registrant as specified in its charter) Delaware 1-4474 36-1569000 (State or other juris- (Commission File (IRS Employer diction of incorporation) Number) Identification No.) 1000 Winter Street Waltham, MA 02154 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code 781-890-0400 Same (Former name or former address, if changed since last report.) ITEM 5. OTHER EVENTS On February 20, 1998, Oak Industries Inc. issued the press release filed herewith as Exhibit 99. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS The following financial statements, pro forma financial information and exhibits are filed as part of this report. (c) Exhibits 99. Press release dated February 20, 1998. 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 thereunto duly authorized. OAK INDUSTRIES INC. Date: February 20, 1998 /s/ Coleman S. Hicks --------------------------- Coleman S. Hicks Senior Vice President and Chief Financial Officer EX-99 2 PRESS RELEASE Exhibit 99 FOR IMMEDIATE RELEASE Contact: Coleman S. Hicks 781-890-0400 OAK INDUSTRIES INC. ANNOUNCES PRICING OF $100 MILLION OF 4 7/8% CONVERTIBLE SUBORDINATED NOTES DUE 2008 WALTHAM, MA, February 20, 1998 -- Oak Industries Inc. (NYSE:OAK) today announced that it has priced its previously announced issue of $100 million of 4 7/8% Convertible Subordinated Notes due 2008 (the "Notes"). The Notes will be convertible into common stock of the Company at a conversion price of $38.66 per share, representing an initial conversion premium of approximately 27% over the closing price on February 19, 1998. The Company may issue up to an additional $15 million of Notes to cover over-allotments in connection with such offering. William S. Antle III, Chairman and Chief Executive Officer of Oak stated, "The purpose of the offering is to strengthen the Company's financial flexibility to make strategic acquisitions by replacing borrowings under Oak's $300 million revolving credit facility with lower- cost debt that is convertible into equity at a premium over the present price of Oak's common stock. We expect to use the resulting increased borrowing capacity for such strategic acquisitions, and also for capital expenditures and general corporate purposes." The Notes have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States, except pursuant to an applicable exemption from the Securities Act's registration requirements. Oak expects to file within 90 days of the closing of the sale of the Notes a registration statement with the Securities and Exchange Commission in connection with the offering of the notes. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes. Oak Industries is a leading manufacturer of highly engineered components that it designs and sells to manufacturers and service providers in the communications and selected other industries. Statements in this press release that are not strictly historical are "forward looking" statements as defined in the Private Securities Litigation Reform Act of 1995. The actual results may differ from those projected in the forward looking statements due to risks and uncertainties that exist in the Company's operations and business environment, described more fully in the Company's periodic reports filed with the Securities and Exchange Commission, including the Company's Form 10-K filed on February 11, 1998. -----END PRIVACY-ENHANCED MESSAGE-----