-----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, DFvFfuDF1WtGfELv3feVvf+mJK6UkvxISjGes2FsPj+exKOrDVjVCrEjQIExGoJr 1/f4bBI7EKDKkYN8FTNxkA== /in/edgar/work/20000613/0001019056-00-000346/0001019056-00-000346.txt : 20000919 0001019056-00-000346.hdr.sgml : 20000919 ACCESSION NUMBER: 0001019056-00-000346 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000609 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000613 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALL AMERICAN SEMICONDUCTOR INC CENTRAL INDEX KEY: 0000818074 STANDARD INDUSTRIAL CLASSIFICATION: [5065 ] IRS NUMBER: 592814714 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-16207 FILM NUMBER: 654243 BUSINESS ADDRESS: STREET 1: 16115 N W 52ND AVENUE CITY: MIAMI STATE: FL ZIP: 33014 BUSINESS PHONE: 3056218282 MAIL ADDRESS: STREET 1: 16115 NW 52ND AVENUE CITY: MIAMI STATE: FL ZIP: 33014 8-K 1 0001.txt FORM 8-K 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): JUNE 9, 2000 ALL AMERICAN SEMICONDUCTOR, INC. ------------------------------------------------------- (Exact name of registrant as specified in its charter) DELAWARE ---------------------------------------------- (State or other jurisdiction of incorporation) 0-16207 59-2814714 - ------------------------ ------------------- (Commission File Number) (I.R.S. Employer Identification No.) 16115 N.W. 52nd Avenue, Miami, Florida 33014 - ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (305) 621-8282 -------------- N/A ------------------------------------------------------------- (Former name or former address, if changed since last report) ITEM 5. OTHER EVENTS. On June 12, 2000, All American Semiconductor, Inc. (the "Registrant") issued a press release announcing the decision of its Board of Directors on June 9, 2000 to adopt a Common Stock Purchase Rights Plan. Reference is made to the press release filed as Exhibit 99 hereto. The information set forth in Exhibit 99 is hereby incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits Exhibit Number Description ------- ---------------------------------------------------------------- 4.1 Form of 2000 Common Stock Purchase Rights Agreement, dated as of June 9, 2000, between the Registrant and American Stock Transfer & Trust Company(1) 99 Press release, dated June 12, 2000, announcing the Registrant's adoption of a Common Stock Purchase Rights Plan(2) - ------------------ (1) Incorporated by reference to the same exhibit number filed as part of the Registrant's Registration Statement on Form 8-A, filed on June 13, 2000. (2) Filed herewith. 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. ALL AMERICAN SEMICONDUCTOR, INC. Dated: June 13, 2000 By: /s/ HOWARD L. FLANDERS ------------------------------------------ Howard L. Flanders, Executive Vice President and Chief Financial Officer EX-99 2 0002.txt EXHIBIT 99 EXHIBIT 99 FOR IMMEDIATE RELEASE ALL AMERICAN SEMICONDUCTOR, INC. ADOPTS COMMON STOCK PURCHASE RIGHTS PLAN Miami, FL. - June 12, 2000 -- All American Semiconductor, Inc. (The Nasdaq Stock Market: SEMI), a leading national distributor of semiconductors and electronic components, today announced that its Board of Directors adopted a Common Stock Purchase Rights Plan and declared a dividend distribution of one Common Stock Purchase Right on each outstanding share of the Company's common stock. The Company stated that the Rights Plan is similar to those adopted by many other public companies. The Rights are designed to ensure that all shareholders of the Company receive fair and equal treatment in the event of any proposed takeover of the Company and to guard against partial tender offers, squeeze-outs, open market accumulations and other coercive or unfair tactics to gain control of the Company which might provide inadequate value to shareholders. The Plan is a precaution taken to protect the rights of All American shareholders. The Rights are intended to enable All American shareholders to realize the long-term value of their investment in the Company. They will not prevent a takeover, but should encourage anyone seeking to acquire the Company to negotiate with the Board prior to attempting a takeover to obtain a fair value for the shareholders. Each Right has an initial exercise price of $95.00 for one share of the Company's common stock. The Rights will be exercisable only if a person or group acquires 15% or more of All American's common stock (or 10% of such stock under certain circumstances) or announces a tender offer the consummation of which would result in ownership by a person or group of 15% or more of the common stock (or 10% of such stock under certain circumstances). Upon such occurrence, each Right (other than Rights owned by such person or group) will entitle the holder to purchase from the Company the number of shares of the Company's common stock having a market value equal to twice the exercise price of the Right. If All American is acquired in a merger or other business combination transaction, or sells more than 50% of its assets or earning power, after a person or group has acquired 15% or more of the Company's outstanding common stock (or 10% of such stock under certain circumstances), each Right (other than Rights owned by such person or group) will entitle its holder to purchase, at the Right's then-current exercise price, a number of the acquiring company's common shares having a market value of twice such price. Following the acquisition by a person or group of 15% or more of the Company's common stock (or 10% of such stock under certain circumstances) and prior to an acquisition of 50% or more of the common stock, the Board of Directors may exchange the Rights (other than Rights owned by such person or group) at an exchange ratio of one share of common stock per Right. Prior to the acquisition by a person or group of beneficial ownership of 15% or more of the Company's common stock (or 10% of such stock under certain circumstances), the Rights are redeemable for $.001 per Right at the option of the Board of Directors. The dividend distribution will be made on June 23, 2000, payable to shareholders of record on that date. The Rights will expire on June 8, 2010. The Rights distribution is not taxable to shareholders. All American is recognized as the nation's 5th largest distributor of semiconductors and the 12th largest electronic component distributor overall. The Company has offices in 35 strategic locations throughout North America. # # # CONTACT: Bruce M. Goldberg, CEO Howard L. Flanders, CFO (305) 621-8282 x1417 -----END PRIVACY-ENHANCED MESSAGE-----