-----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, S5tgPa5LbGdBorNUUulR7jBYuB42s7tKTN5zCwp8zNWnIUL+sEOdx/QUWKxgTOiH 4MAUV01mr/jYH5+zuEdElg== 0000947871-05-000069.txt : 20050112 0000947871-05-000069.hdr.sgml : 20050112 20050112074149 ACCESSION NUMBER: 0000947871-05-000069 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050112 FILED AS OF DATE: 20050112 DATE AS OF CHANGE: 20050112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NAM TAI ELECTRONICS INC CENTRAL INDEX KEY: 0000829365 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679] IRS NUMBER: 000000000 STATE OF INCORPORATION: D8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31583 FILM NUMBER: 05524684 BUSINESS ADDRESS: STREET 1: 116 MAIN STREET STREET 2: 2ND FLOOR CITY: ROAD TOWN, TORTOLA STATE: D8 ZIP: 00000 BUSINESS PHONE: 85223410273 MAIL ADDRESS: STREET 1: C/O PAN PACIFIC I.R. LTD. STREET 2: 999 WEST HASTINGS STREET, SUITE 1790 CITY: VANCOUVER BC STATE: A1 ZIP: V6C 2W2 6-K 1 f6k_011105.txt REPORT OF FOREIGN PRIVATE ISSUER FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of January 2005 NAM TAI ELECTRONICS, INC. (Name of the Registrant) 116 Main Street 3rd Floor Road Town, Tortola British Virgin Islands (Address of Principal Executive Offices) (Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.) Form 20-F X Form 40-F (Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7).) Yes No X (Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.) Yes No X (If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ) Nam Tai Electronics, Inc. (the "Company") is furnishing under the cover of Form 6-K: Exhibit 99.1: a press release dated January 10, 2005, announcing the Company's sales for the month of December 2004 and the fourth quarter of 2004 and changes in the Company's management. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Nam Tai Electronics, Inc. Date: January 11, 2005 By: /s/ Joseph Li ---------------------------- Name: Joseph Li Title: Chief Executive Officer EX-99.1 3 ex99-1_011105.txt PRESS RELEASE [NAM TAI LOGO] NEWS RELEASE Represented by PAN PACIFIC I.R. LTD. Contact: Lorne Waldman 1790 - 999 WEST HASTINGS STREET President VANCOUVER, BC, CANADA V6C 2W2 E-MAIL: shareholder@namtai.com TEL: (604) 669-7800 FAX: (604) 669-7816 WEB: www.namtai.com TOLL FREE TEL/FAX: 1-800-661-8831 Nam Tai Exceeds 4th Quarter Sales Guidance with Two New Records VANCOUVER, CANADA -- January 10, 2005 -- Nam Tai Electronics, Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTE; CBOE Symbol: QNA; Frankfurt Stock Exchange Symbol: 884852) is pleased to announce that it has exceeded the 4th Quarter upper sales guidance of $135 million provided in its press release dated October 29, 2004. It has also achieved new monthly and quarterly sales records. Sales for the month of December 2004 were over $55 million, up around 70% over December 2003 and ahead of the previous record set in June 2004. 4th Quarter 2004 sales were over $150 million, up around 40% over the same quarter in 2003, and ahead of the previous record set in 2nd Quarter 2004. Year on year, sales in 2004 were over $530 million, up around 30% over 2003 sales of $406 million. Further detailed information will be finalized and released at the unaudited fourth quarter results & analyst's conference call, details of which are shown below. The growth in 4th Quarter sales was mainly attributable to FPC sub-assemblies, CMOS sensor modules for mobile phones, and LCD modules. Mr. Joseph Li, Nam Tai's Chief Executive Officer commented, "We are extremely pleased with the sales, which exceeded our original upper guidance. High oil prices and a strong Yen has resulted in greater outsourcing, especially by Japanese manufacturers during the period, which resulted in additional orders from our customers. We believe this outstanding performance demonstrates Nam Tai's ability to grow in a competitive market environment. With our new factories expected to come on stream providing additional capacity after March 2005, we believe Nam Tai is well prepared for strong business growth in the coming future, which we expect to be brought about by a growing international customer base and an expansion of our product range. The Company looks forward to a successful 2005 with confidence and enthusiasm." Q4/04 Results & Analyst's Conference Call The Company will release its unaudited fourth quarter results for the period ended December 31, 2004 after the market closes on Friday, February 4, 2005. The Company will hold a conference call on Monday, February 7, 2005 at 10:00 a.m. Eastern Time for analysts to discuss the fourth quarter results with management. Analysts who wish to receive the toll free dial-in number for this conference call are invited to contact the Investor Relations Office at 1-800-661-8831 no later than 6:00 p.m. Eastern Time on Friday, February 4, 2005. Shareholders, media, and interested investors may listen to the live conference call over the Internet by going to www.namtai.com and clicking on the conference call link or over the phone by dialing (651) 291-0900 just prior to its start time. Users will be asked to register with the conference call operator. Page 1 of 2 Changes to Management The Company's Chief Financial Officer, Charles Wong, and the Assistant, Joseph Silva, both of whom were still within their probationary periods, have tendered their resignations in the new year for personal reasons. Mr. Joseph Li, the Company's Chief Executive Officer will assume the C.F.O. position on an interim basis while the Board of Directors commences a search for a suitable candidate. The Company is confident that the above resignations will not cause any disruptions to the smooth daily operations of the Company, which businesses will continue to be handled by the existing staff and management of the four subsidiary companies as before. About Nam Tai Electronics, Inc. We are an electronics manufacturing and design services provider to original equipment manufacturers of telecommunications and consumer electronic products. Through our electronics manufacturing services operations, we manufacture electronic components and subassemblies, including LCD panels, LCD modules, radio frequency modules, flexible printed circuit sub-assemblies and image sensors. These components are used in numerous electronic products, including cellular phones, laptop computers, digital cameras, copiers, fax machines, electronic toys, handheld video game devices and microwave ovens. We also manufacture finished products, including cellular phones, palm-sized PCs, personal digital assistants, electronic dictionaries, calculators and digital camera accessories for use with cellular phones. Nam Tai has two Hong Kong listed subsidiaries, Nam Tai Electronic & Electrical Products Limited ("NTEEP") and J.I.C. Technology Company Limited ("JIC"). Interested investors may go to the website of The Stock Exchange of Hong Kong at www.hkex.com.hk to obtain information. The stock code of NTEEP and JIC in The Stock Exchange of Hong Kong are the 2633 and 987 respectively. Investors are reminded to exercise caution when assessing such information and not to deal with the shares of the Company based solely on reliance of such information. The results of NTEEP and JIC only represent a part of the results of the Company and there are GAAP differences in the financial statements of NTEEP and JIC, when compared with the financial statements of the Company. Furthermore, different subsidiaries of the Company may have a different peak seasons during a year. Safe Harbor Certain statements in this press release are "forward-looking statements" within the meaning of U.S. federal securities laws. Nam Tai intends that these statements be covered by the safe harbors created under these laws. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by the forward-looking statements. Many of these factors are beyond Nam Tai's ability to control or predict. Given these uncertainties, readers are cautioned not to place undue reliance on the forward-looking statements, which only speak as of the date of this press release. Nam Tai does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Page 2 of 2 -----END PRIVACY-ENHANCED MESSAGE-----