UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 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): July 21, 2004 IBIS TECHNOLOGY CORPORATION --------------------------- (Exact name of registrant as specified in its charter) Massachusetts 0-23150 04-2987600 - ---------------------------- ----------- ------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 32 Cherry Hill Drive, Danvers, Massachusetts 01923 - ---------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (978) 777-4247 -------------- ITEM 5. OTHER EVENTS On July 21, 2004, Ibis Technology Corporation announced that it has decided to discontinue the wafer manufacturing portion of its business. A copy of the press release is being furnished as Exhibit 99.2 attached hereto. This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION On July 21, 2004, Ibis Technology Corporation announced its financial results for the three months ended June 30, 2004. A copy of the press release is being furnished as Exhibit 99.1 attached hereto. This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. 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 Date: July 21, 2004 /s/William J. Schmidt ------------------------------------------ William J. Schmidt Chief Financial Officer EXHIBIT INDEX Exhibit Number Description - ------- 99.1 Press Release Announcing Second Quarter 2004 Results 99.2 Press Release Announcing Decision to Discontinue the Wafer Manufacturing Portion of its Business