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): MARCH 22, 2002
IBIS TECHNOLOGY CORPORATION
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(Exact name of registrant as specified in its charter)
MASSACHUSETTS 0-23150 04-2987600
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
32 CHERRY HILL DRIVE, DANVERS, MASSACHUSETTS 01923
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (978) 777-4247
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ITEM 5. OTHER EVENTS.
On March 22, 2002, the Registrant issued a press release announcing the
pricing of a public offering of 900,000 newly issued shares of its common stock
at $13.00 per share. The offering is being underwritten by SoundView Technology
Corporation. Ibis has granted SoundView an option to purchase up to an
additional 100,000 shares of common stock to cover over-allotments, if any. All
of the shares are being offered by Ibis through a prospectus supplement pursuant
to Ibis's shelf registration statement, which was declared effective by the
Securities and Exchange Commission on July 26, 1999.
The information contained in the press release dated March 22, 2002 is
incorporated herein by reference and filed as Exhibit 99.1 hereto.
Ibis filed with the Commission on March 22, 2002 a prospectus supplement,
relating to the issuance and sale of the common stock. In connection with the
filing of the prospectus supplement with the Commission, Ibis is filing the
underwriting agreement relating thereto as Exhibit 1.1 hereto and the legal
opinion of its counsel, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. as
to the validity of the shares of common stock being sold as Exhibit 5.1 hereto.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
1.1 Underwriting Agreement dated March 22, 2002
5.1 Opinion of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
regarding the legality of the Offering Shares.
99.1 The Registrant's Press Release dated March 22, 2002.
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.
IBIS TECHNOLOGY CORPORATION
(Registrant)
Date: March 22, 2002 /S/ DEBRA L. NELSON
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Debra L. Nelson, Chief Financial Officer
EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
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1.1 Underwriting Agreement dated March 22, 2002.
5.1 Opinion of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
regarding the Offering Shares.
99.1 Press Release dated March 22, 2002