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 29 December 1999 - -------------------------------------------------------------------------------- Date of report (Date of earliest event reported) Spire Corporation - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) Massachusetts - -------------------------------------------------------------------------------- (State or Other Jurisdiction of Incorporation) 0-12742 04-2457335 - -------------------------------------------------------------------------------- (Commission File Number) (I.R.S. Employer Identification No.) One Patriots Park, Bedford, Massachusetts 01730-2396 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices (Zip Code) (617) 275-6000 - -------------------------------------------------------------------------------- (Registrant's Telephone Number, Including Area Code) N/A - -------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS. ------------------------------------ (a) On December 29, 1999 Spire Corporation (the "Company") consummated the sale of substantially all the assets of its optoelectronics business segment ("Spire Optoelectronics") for $12,950,000 in cash to Methode Massachusetts, LLC ("Buyer"), a wholly owned subsidiary of Methode Electronics, Inc. The assets of Spire Optoelectronics acquired by Buyer included the following: Machinery and equipment and other fixed assets; Inventory and other current assets; Certain contract and other rights; Certain proprietary rights; and Certain other assets. The assets of Spire Optoelectronics acquired by Buyer did not include the following: Cash; Accounts receivable; Government contracts; and Rights to use the "Spire" trade name or trademark. Buyer assumed the following liabilities of Spire Optoelectronics: Commercial obligations under certain executory contracts; Approximately $77,000 of customer advances received by the Company in the ordinary course of business; and Up to two weeks of accrued vacation for each employee of Spire Optoelectronics hired by Buyer. (b) Not applicable. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. ------------------------------------------------------------------ (a) Financial Statements of Business Disposed of: -------------------------------------------- To be filed by amendment not later than March 13, 2000 (60 days after the date that this report on Form 8-K must be filed). (b) Pro Forma Financial Information: ------------------------------- To be filed by amendment not later than March 13, 2000 (60 days after the date that this report on Form 8-K must be filed). (c) Exhibits: -------- 1. Asset Purchase Agreement dated as of November 18, 1999 by and among Methode Electronics, Inc., Methode Massachusetts, Inc. and Spire Corporation. 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 hereunto duly authorized. SPIRE CORPORATION (Registrant) Date: 13 January 2000 By: /s/ Roger G. Little -------------------------- ----------------------------------- Roger G. Little President & Chief Executive Officer