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
Date of Report: December 23, 2003
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(Date of earliest event reported)
DREXLER TECHNOLOGY CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 0-6377 77-0176309
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
1077 Independence Avenue, Mountain View, California 94043-1601
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(Address of principal executive offices) (Zip Code)
(650) 969-7277
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report)
Item 5. Other Events.
On December 26, 2003, Drexler Technology Corporation issued a news
release announcing that it had entered into an agreement to conduct an equity
private placement to institutional investors, with gross proceeds to the Company
of approximately $10.1 million. The release is attached hereto as Exhibit 99.1
and incorporated herein by reference. The Company has since completed this
equity private placement.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
The following exhibit is included as part of this Current
Report on Form 8-K:
Exhibit
Number Description
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99.1 News Release dated December 26, 2003, entitled "Drexler
Technology to Raise $10.1 Million in Private Placement," which
news release is included pursuant to Item 5 of this Form 8-K.
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:
DREXLER TECHNOLOGY CORPORATION (Registrant)
Date: December 31, 2003 /s/ Steven G. Larson
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Steven G. Larson
Vice President, Finance and Chief
Financial Officer
INDEX TO EXHIBITS
Exhibit
Number Description
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99.1 News Release dated December 26, 2003, entitled "Drexler
Technology to Raise $10.1 Million in Private Placement,"
which news release is included pursuant to Item 5 of this
Form 8-K.
2