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KLIC > SEC Filings for KLIC > Form 8-K on 6-Aug-2009All Recent SEC Filings

Show all filings for KULICKE & SOFFA INDUSTRIES INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for KULICKE & SOFFA INDUSTRIES INC


6-Aug-2009

Entry into a Material Definitive Agreement, Other Events, Financia


Item 1.01 Entry into a Material Definitive Agreement.

On August 5, 2009, Kulicke and Soffa Industries, Inc. (the "Company") entered into an Underwriting Agreement (the "Underwriting Agreement") with Jefferies & Company, Inc. (the "Underwriter") relating to the sale of 7.0 million shares of the Company's common stock, no par value (the "Common Stock"), plus up to an additional 1.0 million shares of Common Stock if the Underwriter exercises its 30-day option to purchase additional shares to cover over-allotments, if any, at a public offering price of $5.00 per share. The Underwriting Agreement contains other terms and conditions that are generally customary for transactions of this nature. The transactions contemplated by the Underwriting Agreement are expected to close on August 11, 2009. The net proceeds from this offering, after deducting the underwriters' discounts and estimated offering expenses are expected to be approximately $33.8 million (or approximately $38.7 if the Underwriter exercises its over-allotment option in full). The foregoing description of terms of the Underwriting Agreement is qualified in its entirety by reference to the Underwriting Agreement, which is filed as Exhibit 1.1 to this Current Report and is incorporated herein by reference.

The offering is being made pursuant to an existing and effective shelf registration statement filed on Form S-3 (File No. 333-160426) with the Securities and Exchange Commission (the "SEC"), as supplemented by a final prospectus supplement dated August 5, 2009, filed with the SEC pursuant to Rule 424(b) under the Securities Act of 1933, as amended (together, the "Registration Statement").

The Underwriting Agreement is incorporated by reference in its entirety to the Registration Statement.



Item 8.01 Other Events.

On August 5, 2009, the Company issued a press release announcing that it has priced the offering described in Item 1.01. A copy of the press release is included as Exhibit 99.1 to this report and is incorporated by reference herein.

The opinion of Drinker Biddle & Reath LLP regarding the validity of the Common Stock issued pursuant to the offering described in Item 1.01 is filed as Exhibit 5.1 hereto and is incorporated by reference in its entirety into the Registration Statement.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No. Description

  1.1          Underwriting Agreement dated August 5, 2009.

  5.1          Opinion of Drinker Biddle & Reath LLP dated August 5, 2009.

  23.1         Consent of Drinker Biddle & Reath LLP (included in Exhibit 5.1).

  99.1         Press Release dated August 5, 2009.


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