Unassociated Document

 
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): August 5, 2009
 
 
KULICKE AND SOFFA INDUSTRIES, INC.
(Exact Name of Registrant as Specified in Charter)
 
 
         
Pennsylvania
  
000-00121
  
23-1498399
(State or Other Jurisdiction
of Incorporation)
  
(Commission File Number)
  
(I.R.S. Employer
Identification No.)
 
     
1005 Virginia Drive, Fort Washington, PA
  
19034
(Address of Principal Executive Offices)
  
(Zip Code)
 
Registrant’s telephone number, including area code: (215) 784-6000
 
 
(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 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.
 
                      
 
 
SIGNATURE
 
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.
 

         
   
KULICKE AND SOFFA INDUSTRIES, INC.
     
August 5, 2009
  
By:
  
 
/s/ Michael J. Morris
   
Name:
  
Michael J. Morris
   
Title:
  
Vice President of Finance, Treasurer and Interim Chief Financial Officer
 
 
 
EXHIBIT INDEX

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.