-----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, UQNGSZVU91tuzAP/x00VdHP/gyZewY2btR/UPJ2Sm+boP+JD12pQLakarE6MZ2Zd mIeLr9t3obgUupMN5SRt2A== 0000950172-99-000061.txt : 19990120 0000950172-99-000061.hdr.sgml : 19990120 ACCESSION NUMBER: 0000950172-99-000061 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990119 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MAXXIM MEDICAL INC CENTRAL INDEX KEY: 0000858660 STANDARD INDUSTRIAL CLASSIFICATION: ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842] IRS NUMBER: 760291634 STATE OF INCORPORATION: TX FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-10600 FILM NUMBER: 99508174 BUSINESS ADDRESS: STREET 1: 10300 49TH ST N CITY: CLEARWATER STATE: FL ZIP: 33762 BUSINESS PHONE: 7132405588 MAIL ADDRESS: STREET 1: 10300 49TH STREET NORTH CITY: CLEARWATER STATE: FL ZIP: 33762 8-K 1 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): January 19, 1999 (January 5, 1999) MAXXIM MEDICAL, INC. ------------------------------------------------------------------------------ (Exact Name of Registrant as Specified in Charter) Texas 0-18208 76-0291634 ------------------------------------------------------------------------------ (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 10300 49th Street North, Clearwater, FL 33762 ------------------------------------------------------------------------------ (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code (727) 561-2100 ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS At 5:00 p.m., New York City time, on Tuesday, January 5, 1999, the tender offer ("the Offer") by MMI Acquisition Corp., a Delaware corporation ("Sub") and a wholly owned subsidiary of Maxxim Medical, Inc., a Delaware corporation ("Parent"), a wholly owned subsidiary of Maxxim Medical Inc., a Texas corporation (the "Registrant"), to purchase all outstanding shares of common stock of Circon Corporation, a Delaware corporation ("Circon"), par value $0.01 per share, (the "Shares") at a price per Share of $15.00, net to the seller in cash, without interest thereon, expired. Based on preliminary information provided by Harris Trust Company of New York, the depositary for the Offer, approximately 12,547,831 Shares were validly tendered and not withdrawn, representing approximately 93.2% of the total outstanding Shares. Sub accepted for payment all Shares validly tendered and not withdrawn in accordance with the terms of the Agreement and Plan of Merger (the "Merger Agreement") dated as of November 21, 1998, by and among Parent, Sub and Circon. On January 8, 1999 (the "Effective Time"), pursuant to the Merger Agreement, Sub filed a certificate of Ownership and Merger with the Secretary of State of the State of Delaware, pursuant to which Sub was merged with and into Circon (the "Merger"). At the Effective Time, the separate corporate existence of Sub ceased, Circon became the surviving corporation of the Merger and Circon became a wholly owned subsidiary of Parent and an indirect wholly owned subsidiary of the Registrant. Pursuant to the terms of the Merger, each Share outstanding immediately prior to the Effective Time (other than Shares held by Sub, Parent, the Registrant or Circon, or any subsidiary thereof, or by stockholders, if any, who are entitled to, and properly exercise, dissenters' rights pursuant to Section 262 of the Delaware General Corporation Law) was, by virtue of the Merger and without any action on the part of the holder thereof, converted into the right to receive $15.00 per Share, payable without interest thereon, upon surrender of the certificate formerly representing such Share. The total cost of the acquisition, including certain fees and expenses incurred in connection with the Offer and the Merger and the refinancing of certain debt of Circon, was approximately $257 million. The Registrant obtained all funds required in connection with the acquisition through a bank loan, pursuant to the Third Amended and Restated Credit Agreement, dated as of January 4, 1999 by and among the Registrant, NationsBank, N.A., as agent, the Bank of Novia Scotia and First Union Bank, as managing agents, and the banks named therein. The descriptions set forth in this report do not purport to be complete and this report is qualified in its entirety by reference to the documents described herein and attached as exhibits hereto. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (a) Financial Statements of Business Acquired It is impracticable at this time for the Registrant to file the financial statements of the business acquired as required by Rule 3-05(b) of Regulation S-X. The required financial statements will be filed by the Registrant with the Commission by amendment to this report, on or prior to March 19, 1999. (b) Pro Forma Financial Information It is impracticable at this time for the Registrant to file the pro forma financial information required pursuant to Article 11 of Regulation S-X relative to an acquired business with this Form 8-K. The required pro forma financial information will be filed by the Registrant with the Commission by amendment to this report, on or prior to March 19, 1999. (c) Exhibits The following exhibits are filed as part of this report: 2.1 Agreement and Plan of Merger, dated as of November 21, 1998, by and among Maxxim Medical, Inc., a Delaware corporation ("Parent"), MMI Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of Parent ("Sub") and Circon Corporation, a Delaware corporation the ("Company") is incorporated by reference to Exhibit (c)(1) to the Registrant's Schedule 14D-1 filed with the Commission on November 30, 1998, as amended on December 10, 1998, January 5, 1999 and January 6, 1999. 99.3 Press Release dated January 6, 1999, is incorporated by reference to Exhibit (a)(12) to Maxxim's Schedule 14D-1 filed with the Commission on November 30, 1998, as amended on December 10, 1998, January 5, 1999 and January 6, 1999. 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. MAXXIM MEDICAL, INC. Dated: January 19, 1999 By: /s/ Kenneth W. Davidson -------------------------------------------- By: Kenneth W. Davidson Title: President and Chief Executive Officer EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION 2.1 Agreement and Plan of Merger, dated as of November 21, 1998, by and among Maxxim Medical, Inc., a Delaware corporation ("Parent"), MMI Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of Parent ("Sub") and Circon Corporation, a Delaware corporation the ("Company") is incorporated by reference to Exhibit (c)(1) to the Registrant's Schedule 14D-1 filed with the Commission on November 30, 1998, as amended on December 10, 1998, January 5, 1999 and January 6, 1999. 99.3 Press Release dated January 6, 1999, is incorporated by reference to Exhibit (a)(12) to Maxxim's Schedule 14D-1 filed with the Commission on November 30, 1998, as amended on December 10, 1998, January 5, 1999 and January 6, 1999. -----END PRIVACY-ENHANCED MESSAGE-----