-----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, TNTryXCydglKmq60jlOlSmsGHnuuie+JCu8ZwJ0tyfxtQKrUWdf2Iw5lEn0LB1N8 wYoFf9Kwk2BRL0x+7oIJ9Q== 0000950135-06-004321.txt : 20060717 0000950135-06-004321.hdr.sgml : 20060717 20060714204059 ACCESSION NUMBER: 0000950135-06-004321 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20060714 ITEM INFORMATION: Triggering Events That Accelerate or Increase a Direct Financial Obligation under an Off-Balance Sheet Arrangement ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060717 DATE AS OF CHANGE: 20060714 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BROOKS AUTOMATION INC CENTRAL INDEX KEY: 0000933974 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY, NEC [3559] IRS NUMBER: 043040660 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25434 FILM NUMBER: 06963583 BUSINESS ADDRESS: STREET 1: 15 ELIZABETH DRIVE CITY: CHELMSFORD STATE: MA ZIP: 01824 BUSINESS PHONE: (978) 262-2400 MAIL ADDRESS: STREET 1: 15 ELIZABETH DRIVE CITY: CHELMSFORD STATE: MA ZIP: 01824 FORMER COMPANY: FORMER CONFORMED NAME: BROOKS-PRI AUTOMATION INC DATE OF NAME CHANGE: 20020514 FORMER COMPANY: FORMER CONFORMED NAME: BROOKS AUTOMATION INC DATE OF NAME CHANGE: 19941215 8-K 1 b616448ke8vk.htm BROOKS AUTOMATION, INC. 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): July 14, 2006
BROOKS AUTOMATION, INC.
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
     
0-25434   04-3040660
     
(Commission File Number)   (IRS Employer Identification No.)
     
15 Elizabeth Drive, Chelmsford, MA   01824
     
(Address of principal executive offices)   (Zip Code)
Registrant’s telephone number, including area code (978) 262-2400.
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:
¨   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


TABLE OF CONTENTS

ITEM 2.04. TRIGGERING EVENTS THAT ACCELERATE OR INCREASE A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT.
ITEM 8.01 OTHER EVENTS.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
SIGNATURES
EXHIBIT INDEX
EX-99.1 PRESS RELEASE DATED JULY 14, 2006


Table of Contents

ITEM 2.04. TRIGGERING EVENTS THAT ACCELERATE OR INCREASE A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT.
As previously announced on May 18, 2006, the Company on May 15, 2006 received a notice from holders of more than 25% in aggregate principal amount of the Company’s 4.75% Convertible Subordinated Notes due 2008 (the “Notes”) outstanding that it is in default of Section 6.2 of the Indenture, dated May 23, 2001 (the “Indenture”), with respect to the Notes, based on the Company’s failure to file its Form 10-Q for the period ended March 31, 2006. Under Section 8.1 of the Indenture, an Event of Default occurs if the Company fails to cure the default within 60 days after written notice of the default to the Company and the trustee by holders of at least 25% in aggregate principal amount of Notes outstanding. On July 14, 2006 the Company received notice from holders of more than 25% of the aggregate outstanding principal amount of the Notes accelerating the Company’s obligation to repay the unpaid principal on the Notes. The Company intends to promptly make this payment. After fully repaying the Notes, Brooks estimates that its remaining cash, cash equivalents and marketable securities will be in excess of $160 million.
ITEM 8.01 OTHER EVENTS.
On July 14, 2006, Brooks Automation, Inc. issued the press release attached hereto as Exhibit 99.1, which is incorporated herein by reference.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
     
Exhibit No.
  Description
 
   
99.1
  Press Release issued on July 14, 2006.

 


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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.
         
  BROOKS AUTOMATION, INC.
 
 
  /s/ Thomas S. Grilk    
  Thomas S. Grilk   
  Senior Vice President, General Counsel and Secretary   
 
Date: July 14, 2006

 


Table of Contents

EXHIBIT INDEX
     
Exhibit No.
  Description
 
   
99.1
  Press Release issued on July 14, 2006.

 

EX-99.1 2 b616448kexv99w1.htm EX-99.1 PRESS RELEASE DATED JULY 14, 2006 exv99w1
 

         
(Brooks Automation Logo)
  Brooks Automation, Inc.
15 Elizabeth Drive
Chelmsford, MA 01824
  Tel (978) 262-2400
Fax (978) 262-2500
www.brooks.com
Brooks Automation Provides Status Update of SEC Filings and Bond Repayment
CHELMSFORD, Mass. — July 14, 2006 — Brooks Automation, Inc. (Nasdaq: BRKS) today announced that it expects to complete within a couple of weeks the filing with the Securities and Exchange Commission of its Quarterly Report on Form 10-Q for the period ended March 31, 2006 as well as amended filings for certain previous periods. The Company will amend its annual report on Form 10-K for the year ended September 30, 2005 and its quarterly reports on Form 10-Q for each of the fiscal quarters ended on December 31, 2005 and June 30, 2005. The Company also announced that it received notice today from holders of more than 25% of the aggregate outstanding principal amount of its 4.75% Convertible Subordinated Notes due 2008 accelerating the Company’s obligation to repay the unpaid principal on the notes because the Company’s Report on Form 10-Q for the quarter ended March 31, 2006 has not yet been filed. The Company intends to promptly make payment of approximately $175 million in full satisfaction of this obligation. After repaying the notes, Brooks estimates that the remaining amount of its cash, cash equivalents and marketable securities will be in excess of $160 million. This amount is after the payment for the previously announced acquisition of Synetics Solutions.
Robert W. Woodbury, Jr., senior vice-president and chief financial officer of Brooks Automation said, “The internal investigation into certain matters related to past stock option grants is just about complete. I am confident that this review was conducted with the highest diligence and integrity. It has involved a lot of hard work by a number of folks, and I believe this process has demonstrated our strong commitment to good corporate governance. We would like to thank our shareholders, customers and employees for their continued support and patience as we complete our amended filings. We look forward to concluding this chapter shortly and moving ahead with a stronger business infrastructure having even better processes.”
About Brooks Automation, Inc.
Brooks is a leading worldwide provider of automation solutions and integrated subsystems to the global semiconductor and related industries. The company’s advanced offerings in hardware, software and services can help customers improve manufacturing efficiencies, accelerate time-to-market and reduce cost of ownership. Brooks products and global services are used in virtually every semiconductor fab in the world as well as in a number of diverse industries outside of semiconductor manufacturing. For more information, visit http://www.brooks.com.
“Safe Harbor” Statement under Section 21E of the Securities Exchange Act of 1934:
Some statements in this release are forward-looking statements made under Section 21E of the Securities Exchange Act of 1934. These statements are neither promises nor guarantees but involve risks and uncertainties, both known and unknown, that could cause events identified above to proceed on a schedule different from our current expectations. They are based on the facts known to management at the time they are made. These forward-looking statements include statements regarding the Company’s intention to make specified filings with the Securities and Exchange Commission and the timing of those filings, its intention to make one or more payments to holders of the Company’s debt obligations, the completion of an internal inquiry concerning stock option related matters, and the amount of Company’s cash balance. Factors that could cause results to differ from our expectations include a change in the Company’s ability to satisfy the obligations set forth in the Notes, the timing of the filing by the Company of all current and past due reports with the Securities and Exchange Commission, possible requirements for the use of cash to meet business needs of the Company and the need for more time to complete the Company’s inquiry into stock option related matters. As a result we can provide no assurance that our future activities will not be materially different from those projected. Brooks expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based. Brooks undertakes no obligation to update the information contained in this press release.
Innovation      Excellence      Agility      Value

 


 

Press Release
# # #
All trademarks contained herein are the property of their respective owners.
Contact:
Mark Chung
Director of Investor Relations
Brooks Automation, Inc.
(978) 262-2459
mark.chung@brooks.com
 
     
Innovation      Excellence      Agility      Value
  Page 2

 

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