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
CALIFORNIA 0-26946 94-3125814 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number Identification No.) |
ITEM 5. Other Events
As of May 3, 1996, Intevac, Inc. issued a press release announcing the acquisition of San Jose Technology Corp. The press release is attached hereto as Exhibit 7.1.
ITEM 7. Financial Statements, Pro Forma Financial Information and
Exhibits
(a) Financial Statements of Businesses Acquired. None.
(b) Pro Forma Financial Information. None.
(c) Exhibits. The following document is filed as an exhibit to the report:
(1) Press Release dated May 3, 1996.
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.
Date: May 3, 1996 By/s/ CHARLES B. EDDY III ------------------------------------------ Name: Charles B. Eddy III Title: Chief Financial Officer |
Index to Exhibits
Sequentially Exhibit No. Description of Document Numbered Page No. - ----------- ----------------------- ----------------- 7.1 Press Release, dated May 3, 1996. 5 |
EXHIBIT 7.1
PRESS RELEASE, DATED MAY 3, 1996
INTEVAC, INC. ACQUIRES SAN JOSE TECHNOLOGY CORP.
Santa Clara, California, May 3, 1996 - Intevac, Inc. (Nasdaq: IVAC), leading supplier of sputtering systems used to manufacture thin-film disks for computer hard disk drives, today announced that it has acquired San Jose Technology Corporation ("SJT") for approximately $3.7 million in cash.
SJT is a leading supplier of systems used to lubricate thin-film disks for computer hard disk drives. Lubrication is the production step that typically follows disk sputtering in the manufacture of thin-film disks. "Intevac intends to explore means for better integration of SJT's lubrication devices with Intevac's sputtering systems to create a more efficient production environment for thin-film disk manufacturers." said Norm Pond, Intevac's CEO.
SJT will become the San Jose Technology Division of Intevac, Inc. and continue operations at SJT's San Jose, California facility. SJT's founder, S. Bill Wiley, will manage the new Intevac division. All SJT employees will be offered employment by Intevac.
Intevac expects to allocate a portion of the purchase price to in-process research and development. The in-process research and development will be expensed during the current quarter.
CONTACT: Charles Eddy, Chief Financial Officer, Intevac, Inc., 3550 Bassett Street, Santa Clara, CA 95054, (408) 496-2259, ceedy@intevac.com