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| KEM > SEC Filings for KEM > Form 8-K on 7-Feb-2013 | All Recent SEC Filings |
7-Feb-2013
Completion of Acquisition or Disposition of Assets, Financial Statements and Exhibits
On February 1, 2013, KEMET Corporation (the "Company") announced that KEMET Electronics Corporation ("KEC"), its wholly owned subsidiary, has completed its previously announced acquisition of an approximately 34% economic interest with a 51% voting common stock interest in NEC TOKIN Corporation ("NT"), a manufacturer of tantalum capacitors, electro-magnetic, electro-mechanical and access devices, and a subsidiary of NEC Corporation of Japan ("NEC"). KEC paid a purchase price of $50.0 million for new shares of common stock of NT. In connection with the closing and pursuant to the stockholders agreement entered into on March 12, 2012 and effective February 1, 2013 with NT and NEC, KEC holds four of seven director positions on the NT board; however, NEC is provided with significant board minority rights. KEC also has rights to purchase additional shares of NT common stock pursuant to an option agreement entered into on March 12, 2012 with NEC. The Company previously disclosed the acquisition and related definitive agreements in a Current Report on Form 8-K, dated as of March 15, 2012.
(a) Financial Statements of Business Acquired
The Company will file any financial statements required by Item 9.01(a) by amendment not later than 71 calendar days after the date that this Current Report on Form 8-K must be filed.
(b) Pro Forma Financial Information
The Company will file any pro forma financial information required by Item 9.01(b) by amendment not later than 71 calendar days after the date that this Current Report on Form 8-K must be filed.
(c) Shell Company Transaction
Not applicable.
(d) Exhibits
Exhibit No. Description of Exhibit
99.1 Press Release, dated February 1, 2013, issued by the Company.
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