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
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| Date of Report (Date of Earliest Event Reported): | | March 31, 2005 |
Hutchinson Technology Incorporated
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(Exact name of registrant as specified in its charter)
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| Minnesota | 0-14709 | 41-0901840 |
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(State or other jurisdiction | _____________
(Commission | ______________
(I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
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| 40 West Highland Park Drive N.E., Hutchinson, Minnesota | | 55350 |
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(Address of principal executive offices) | | ___________
(Zip Code) |
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| Registrant’s telephone number, including area code: | | (320) 587-3797 |
Not Applicable
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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:
[ ] 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 2.02. Results of Operations and Financial Condition.
On March 31, 2005, we issued a press release, which is furnished as Exhibit 99 hereto.
Item 8.01. Other Events.
We are planning to increase manufacturing capacity from approximately 15 million suspension assembly units per week to 20 million units per week by the end of the current fiscal year. To support this growth in capacity, on March 30, 2005, our board of directors authorized an increase in our capital spending budget for our fiscal year ending September 25, 2005 from $120,000,000 to $220,000,000. Financing of these capital expenditures will be principally from internally generated funds, cash and cash equivalents and securities available for sale.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits
99 Press Release dated March 31, 2005
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.
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| | | Hutchinson Technology Incorporated |
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| March 31, 2005 | | By: | | John A. Ingleman
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| | | | | Name: John A. Ingleman |
| | | | | Title: Vice President and Chief Financial Officer |
Exhibit Index
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| Exhibit No. | | Description |
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|
99 | | Press Release dated March 31, 2005 |
