Current Report Filing (8-k)
February 23 2015 - 5:01PM
Edgar (US Regulatory)
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
| February 20, 2015 |
| Date of report (Date of earliest event reported) |
| HUTCHINSON TECHNOLOGY INCORPORATED |
| (Exact Name of Registrant as Specified in its Charter) |
| Minnesota |
|
001-34838 |
|
41-0901840 |
| (State of Incorporation) |
|
(Commission File Number) |
|
(I.R.S. Employer Identification No.) |
|
40 West Highland Park Drive
N.E.,
Hutchinson, Minnesota |
|
55350 |
| (Address of Principal Executive Offices) |
|
(Zip Code) |
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(320) 587-3797 |
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(Registrant’s Telephone Number, Including Area Code) |
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|
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Not Applicable |
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(Former Name or Former Address, if Changed Since Last Report) |
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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)) |
As previously announced, on October 23, 2014, we issued $37.5
million aggregate principal amount of 8.50% Convertible Senior Notes due 2019 (the “8.50% Notes”). Certain beneficial
holders of the 8.50% Notes had the right to require us to repurchase for cash up to $7.5 million aggregate principal amount of
the 8.50% Notes, plus accrued and unpaid interest, if any, during the 120-day period commencing on October 23, 2014, and $7.5 million
of the net proceeds from the issuance of the 8.50% Notes were placed into escrow for that purpose.
On February 20, 2015, the 120-day period expired, the escrow
account terminated and the full $7.5 million was released to us.
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.
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HUTCHINSON TECHNOLOGY INCORPORATED |
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| Date: February 23, 2015 |
/s/ David P. Radloff
David P. Radloff
Vice President and Chief Financial Officer |
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