-----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, VyjQ57Z5gCidS0RrV7ibJLAHQUSirVpUjhX6hbJSej18NjFkp+O4EkPB9gxENJrm F2ke1Z54WBpcacJqvXMClQ== 0000950134-05-004173.txt : 20050303 0000950134-05-004173.hdr.sgml : 20050303 20050303170601 ACCESSION NUMBER: 0000950134-05-004173 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050225 ITEM INFORMATION: Material Impairments FILED AS OF DATE: 20050303 DATE AS OF CHANGE: 20050303 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOLECTRON CORP CENTRAL INDEX KEY: 0000835541 STANDARD INDUSTRIAL CLASSIFICATION: PRINTED CIRCUIT BOARDS [3672] IRS NUMBER: 942447045 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11098 FILM NUMBER: 05658662 BUSINESS ADDRESS: STREET 1: 847 GIBRALTAR DR CITY: MILPITAS STATE: CA ZIP: 95035 BUSINESS PHONE: 4089578500 MAIL ADDRESS: STREET 1: 847 GIBRALTAR DR CITY: MILPITAS STATE: CA ZIP: 95035 8-K 1 f06344e8vk.htm FORM 8-K e8vk
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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) February 25, 2005

SOLECTRON CORPORATION

(Exact name of registrant as specified in charter)
         
Delaware
State or other jurisdiction
of incorporation) 		  1-11098
(Commission
File Number) 		  94-2447045
(IRS Employer
Identification No.)
     
847 Gibraltar Drive, Milpitas, California
(Address of principal executive offices) 		  95035
(Zip Code)

Registrant’s telephone number, including area code: (408) 957-8500

Not Applicable

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

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 

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ITEM 2.06 Material Impairments
SIGNATURES

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SECTION 2 — Financial Information

ITEM 2.06 Material Impairments

On February 25, 2005, Solectron entered into a definitive agreement for the sale of one of its manufacturing sites in Japan. Solectron will receive approximately $32 million in gross proceeds from the sale. Based on the terms of the sale agreement and the estimated net book value of the manufacturing site, Solectron is anticipating an impairment charge in the range of $35-$45 million to be recognized during the second quarter of fiscal 2005. There will be no cash expenditures related to this impairment charge.

As part of the transaction, Solectron plans on holding a minority equity interest in the acquiring entity of the divested manufacturing site.

 

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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 hereunto duly authorized.
         
Date: March 3, 2005   Solectron Corporation
 		  
  /s/ Kiran Patel    
  Kiran Patel   
  Executive Vice President and Chief Financial Officer   
 

 

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