8-KThe Red FlagsRed Alert
Debt Acceleration
Filed Dec 14, 2009 · 16y ago · Accession 0001193125-09-252277
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗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): December 11, 2009
RICHARDSON ELECTRONICS, LTD.
(Exact name of registrant as specified in its charter)
Delaware
0-12906
36-2096643
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
40W267 Keslinger Road, P.O. Box 393, LaFox, Illinois
60147-0393
(Address of principal executive offices)
(Zip Code)
Registrants telephone number, including area code: (630) 208-2200
(Former name or former address, if changed since last
report.)
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 (see General Instruction A.2. below):
¨
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))
Item 2.04
Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
On December 11, 2009, Richardson Electronics, Ltd. (the Company) notified the holders of the Companys 8.0% Convertible Senior
Subordinated Notes due 2011 (the Notes) that it has elected to redeem all $7,670,000 in aggregate principal amount outstanding. The Notes will be redeemed on January 11, 2010 (the Redemption Date). The Notes will be
redeemed at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest to, but not including, the Redemption Date. The Notes were issued pursuant to the Indenture, dated as of November 21, 2005, by and
among the Company, Law Debenture Trust Company of New York, a New York banking corporation, as Trustee and The Bank of New York Mellon Trust Company, National Association (as successor to JPMorgan Trust Company, National Association), as Registrar,
Paying Agent and Conversion Agent, in the original aggregate principal amount of $25,000,000. The Company has previously repurchased $17,330,000 in aggregate principal amount of the Notes.
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.
RICHARDSON ELECTRONICS, LTD.
Date: December 14, 2009
By:
/ S / K YLE C.
B ADGER
Name:
Kyle C. Badger
Title:
Executive Vice President, General Counsel and Secretary
Filing details
- Company
- RICHARDSON ELECTRONICS, LTD.
- Ticker
- RELL
- CIK
- 355948
- Form type
- 8-K
- Filing date
- Dec 14, 2009
- Report date
- Dec 11, 2009
- Document
- d8k.htm
- Size
- 41 KB