SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20579
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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) - July 7, 2003
Littelfuse, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-20388 36-3795742
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(State of other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
800 E. Northwest Hwy., Des Plaines, IL 60016
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (847) 824-1188
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On July 7, 2003, the Registrant acquired all the issued and
outstanding shares of the capital stock of Teccor Electronics, Inc., a Texas
corporation ("Teccor"), from Ranco Incorporated of Delaware, a Delaware
corporation ("Ranco") and a subsidiary of Invensys plc, a UK corporation. At
closing, Littelfuse paid Ranco $44 million, which amount is subject to a
post-closing adjustment based on a determination of the amount of certain assets
and liabilities of Teccor on June 28, 2003. Additionally, if the net sales of
certain products (primarily those currently manufactured by Teccor) during
calendar year 2005 equal or exceed $107 million, then the Registrant shall pay
to Ranco on January 31, 2006, $5 million as additional purchase price. The
purchase price was arrived at pursuant to negotiations between the Registrant
and Ranco and reflects the Registrant's estimate of the fair market value of the
Teccor shares. The Registrant borrowed the cash portion of the purchase price
under its Second Amended and Restated Credit Agreement with Banc One, Bank of
America National Trust and Savings Association, National City and The Northern
Trust Company. The press release, dated July 8, 2003, announcing the Teccor
acquisition is included as an exhibit to this Form 8-K and is incorporated
herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND EXHIBITS
Financial statements and pro forma financial information,
to the extent required, will be filed by amendment within
the time allowed by this Form.
99.1 Press Release, dated July 8, 2003
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SIGNATURE
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.
Littelfuse, Inc.
Date: July 8, 2003 By: /s/ Philip G. Franklin
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Philip G. Franklin
Vice President, Treasurer
and Chief Financial Officer
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Exhibit Index
99.1 Press Release, dated July 8, 2003
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