1
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) November 24, 1996
APPLIED MATERIALS, INC.
-----------------------
(Exact name of registrant as specified in its charter)
Delaware 0-6920 94-1655526
- --------------------------------------------------------------------------------
(State or other jurisdiction (Commission File Number) (IRS employer
of Incorporation) identification
number)
3050 Bowers Avenue, Santa Clara, California 95054-3299
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (408) 727-5555
Inapplicable
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
2
ITEM 5. OTHER EVENTS
On November 24, 1996, the Company announced that it entered into an
agreement to acquire Opal, Inc., a supplier of CD-SEM (critical dimension
scanning electron microscope) systems for use in semiconductor manufacturing,
for approximately $175 million. The Company will tender an offer for any and all
outstanding shares of Opal's common stock at $18.50 per share net to the seller
in cash. Opal's revenues for the 12-month period ended September 30, 1996 were
$62 million.
On the same day, the Company also announced that it entered into an
agreement to acquire Orbot Instruments, Ltd., a supplier of wafer and reticle
inspection systems for use in the production of semiconductors, for
approximately $110 million in cash. Orbot's revenues for the 12-month period
ended September 30, 1996 were $36 million.
These two acquisitions would mark the Company's entry into the
metrology and inspection semiconductor equipment market. Each acquisition has
been approved by the boards of directors of the respective companies, and both
transactions are expected to be completed during the Company's first fiscal
quarter of 1997 ending January 26, 1997. A copy of the press release is attached
hereto as Exhibit 99.1 and incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
(c) Exhibits
Exhibit Number Exhibit
-------------- -------
99.1 Press Release, dated November 24, 1996,
announcing Applied Materials, Inc.'s
agreements to acquire Opal, Inc. and
Orbot Instruments, Ltd.
3
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.
Dated: December 17, 1996
APPLIED MATERIALS, INC.
(Registrant)
By: /s/ Gerald F. Taylor
----------------------------
Gerald F. Taylor
Senior Vice
President and
Chief Financial
Officer
4
EXHIBIT INDEX
Exhibit Number Exhibit
- -------------- -------
99.1 Press Release, dated November 24, 1996,
announcing Applied Materials, Inc.'s
agreements to acquire Opal, Inc. and Orbot
Instruments, Ltd.