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EX-99 - PRESS RELEASE - HUTCHINSON TECHNOLOGY INCnewsrelease.htm

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

January 23, 2013
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 or other jurisdiction
(Commission File
(IRS Employer
of Incorporation)
Number)
Identification No.)

40 West Highland Park Drive N.E., Hutchinson, Minnesota, 55350
(Address of principal executive offices)

(320) 587-3797
(Registrant's Telephone Number, Including Area Code)

Not Applicable
(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):

[   ]     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 8.01. Other Events.


On January 23, 2013, we issued a press release announcing our repurchase of $18,682,000 aggregate principal amount of our outstanding 8.50% Convertible Senior Notes due 2026 (the "8.50% Convertible Notes") from certain holders for cash totaling $11,582,840, plus accrued and unpaid interest. We also announced our completion of a private placement with an accredited institutional investor for the sale of $12,200,000 aggregate principal amount of 10.875% Senior Secured Second Lien Notes due 2017, for which we received cash proceeds of $11,590,000, all of which were used to fund the repurchase of the 8.50% Convertible Notes. A copy of the press release is attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.


(d) Exhibits

99.1 Press Release dated January 23, 2013

 

 
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.
 
Hutchinson Technology Incorporated
 
 Date: January 23, 2013 /s/ DAVID P. RADLOFF
 
David P. Radloff
 
Vice President and Chief Financial Officer
   


EXHIBIT INDEX

Exhibit No. Description Manner of Filing
99.1 Press Release dated January 23, 2013 Filed Electronically