SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 22, 2018
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
825 University Avenue
Norwood, MA 02062
(Address of principal executive offices, including zip code)
Registrants telephone number, including area code: (781) 461-1000
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:
||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
||Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
Indicate by check mark whether the registrant is an emerging growth company as
defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
||Termination of a Material Definitive Agreement. |
As previously reported, on
April 7, 2017, Xcerra Corporation (the Company) entered into an Agreement and Plan of Merger with Unic Capital Management Co., Ltd. (Unic Capital) and China Integrated Circuit Industry Investment Fund Co., Ltd., as
joined by Unic Acquisition Corporation (Merger Sub) (as amended, the Merger Agreement), providing for the merger of Merger Sub with and into the Company (the Merger), with the Company surviving the Merger. Unic
Capital subsequently assigned all of its rights under the Merger Agreement to Hubei Xinyan Equity Investment Partnership (Limited Partnership) (Parent) on August 4, 2017.
The closing of the Merger was subject to certain conditions, including clearance by the Committee on Foreign Investment in the United States
(CFIUS). As previously reported, in December 2017, the Company and Parent submitted a request to withdraw and re-file their joint voluntary notice to CFIUS to allow more time for review and
discussion with CFIUS in connection with the Merger.
After careful review of feedback received from CFIUS that approval of the Merger is
highly unlikely and further discussions between the Company and Parent, the parties determined to cease efforts to seek CFIUS clearance and entered into a Termination Agreement, dated February 22, 2018 (the Termination Agreement),
pursuant to which they mutually terminated the Merger Agreement and agreed to release each other and certain related parties from certain claims and liabilities relating to the Merger Agreement and the transactions contemplated thereby. Neither the
Company nor Parent will incur any termination fees in connection with the termination of the Merger Agreement.
The foregoing description
of the Termination Agreement does not purport to be complete and is qualified in its entirety by reference to the Termination Agreement, which is attached hereto as Exhibit 10.1 and is incorporated in its entirety herein by reference.
||Results of Operations and Financial Condition. |
On February 22, 2018, the Company
announced its financial results for its second fiscal quarter ended January 31, 2018. The full text of the press release issued in connection with the Companys announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The Company will host a conference call (the Earnings Call) on February 23, 2018 at 8:30 a.m. Eastern Time to discuss the Companys second quarter fiscal 2018 financial results and to
provide third quarter fiscal 2018 guidance.
The Earnings Call may be accessed via telephone by dialing 877.853.5334. The call will be
simulcast via the Companys website http://www.xcerra.com/events-presentations.html. Audio replays of the call can be heard through March 8, 2018, via telephone, by dialing 855.859.2056; conference ID number 1687266. A replay of the
webcast can be accessed by visiting the Companys website 90 minutes following the conference call at http://www.xcerra.com/events-presentations.html.
The information contained in Item 2.02 of this Current Report on Form 8-K (including in Exhibit 99.1)
shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934 (the Exchange Act) or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by
reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.
||Financial Statements and Exhibits. |
||Exhibit 99.1 relating to Item 2.02 shall be deemed to be furnished, and not filed. |
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, thereunto duly authorized.
Date: February 22, 2018
/s/ David G. Tacelli
||David G. Tacelli|
||President and Chief Executive Officer|