UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule TO
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) or 13(e)(1) OF
THE SECURITIES EXCHANGE ACT OF 1934
Sanmina-SCI Corporation
(Name of Subject Company (Issuer) and Filing Person (as Offeror))
Zero Coupon Convertible Subordinated Debentures due 2020
(Title of Class of Securities)
800907AD9
800907AC1
(CUSIP Numbers of Class of Securities)
Jure Sola
Chairman and Chief Executive Officer
Sanmina-SCI Corporation
2700 North First Street
San Jose, California 95134
(408) 964-3500
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications on Behalf of Filing Persons)
Copies to:
Christopher D. Mitchell, Esq.
Michael A. Occhiolini, Esq.
Wilson Sonsini Goodrich & Rosati
Professional Corporation
650 Page Mill Road
Palo Alto, CA 94304
(650) 493-9300
CALCULATION OF FILING FEE
Transaction Valuation* |
Amount of Filing Fee |
|
---|---|---|
$399,999,900 | $47,080 | |
Amount Previously Paid: | Not Applicable | Filing Party: | Not Applicable | |||
Form or Registration No.: | Not Applicable | Date Filed: | Not Applicable |
Check the appropriate boxes below to designate any transactions to which the statement relates:
Check the following box if the filing is a final amendment reporting the results of the tender offer: o
This Tender Offer Statement on Schedule TO (this "Schedule TO") relates to the offer by Sanmina-SCI Corporation, a Delaware corporation (the "Company"), to purchase up to $735,632,000 aggregate principal amount at maturity of its outstanding Zero Coupon Convertible Subordinated Debentures due 2020 (the "Debentures") at a purchase price of $543.75 for each $1,000 principal amount at maturity of Debentures. This Schedule TO is being filed by the Company. The Company's offer for the Debentures is being made upon the terms and subject to the conditions set forth in the Offer to Purchase, dated February 17, 2005 (the "Offer to Purchase"), and in the related Letter of Transmittal (the "Letter of Transmittal") (which, with respect to the Debentures, as amended or supplemented from time to time, together constitute the "Offer"), copies of which are filed with this Schedule TO as Exhibits (a)(1)(A) and (a)(1)(B), respectively. The Offer will expire at 12:00 midnight, New York City time, on Friday, March 18, 2005, unless extended or earlier terminated by us. This Schedule TO is intended to satisfy the reporting requirements of Rule 13e-4(c)(2) under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
All of the information set forth in the Offer to Purchase and the Letter of Transmittal, and any amendments or supplements thereto hereafter filed by the Company, is incorporated by reference in response to Items 1 through 11 in this Schedule TO as described below.
The information set forth in the Offer to Purchase under the caption "Summary Term Sheet" is incorporated herein by reference.
Item 2. Subject Company Information.
Item 3. Identity and Background of Filing Person.
Pursuant to the General Instruction C to Schedule TO, the following persons are the executive officers and directors of the Company as of the date hereof:
Name |
Position |
|
---|---|---|
Jure Sola | Chairman of the Board and Chief Executive Officer | |
Randy W. Furr | President, Chief Operating Officer and Director | |
Hari Pillai | President, Global Operations | |
David L. White | Executive Vice President of Finance and Chief Financial Officer | |
Dennis Young | Executive Vice President of Worldwide Sales and Marketing | |
Steve Bruton | President and General Manager, Printed Circuit Board Fabrication Division | |
Michael Clarke | President and General Manager, Enclosures Division | |
John C. Bolger | Director | |
Neil R. Bonke | Director | |
Mario M. Rosati | Director | |
A. Eugene Sapp, Jr. | Director | |
Wayne Shortridge | Director | |
Peter J. Simone | Director | |
Jacquelyn M. Ward | Director |
The business address and telephone number of the above executive officers and directors of the Company is c/o Sanmina-SCI Corporation, 2700 North First Street, San Jose, California 95134; telephone number (408) 964-3500.
Item 4. Terms of the Transaction.
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Item 5. Past Contacts, Transactions, Negotiations and Agreements.
The Company has entered into the following agreements (each of which is filed or incorporated by reference as an exhibit to the Schedule TO) in connection with the Debentures subject to the Offer:
Item 6. Purposes of the Transaction and Plans or Proposals.
3
The Company maintains the following stock option and purchase plans:
4
The Company may issue securities under the above plans from time to time.
Item 7. Source and Amount of Funds or Other Consideration.
Item 8. Interest in Securities of the Subject Company.
Item 9. Persons/Assets, Retained, Employed, Compensated or Used.
Item 10. Financial Statements.
The Company's Annual Report on Form 10-K for the year ended October 2, 2004 and its Quarterly Report on Form 10-Q for the fiscal quarter ended January 1, 2005 are incorporated herein by reference.
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Item 11. Additional Information.
(a)(1)(A) | Offer to Purchase dated February 17, 2005. | |
(a)(1)(B) | Letter of Transmittal dated February 17, 2005. | |
(a)(1)(C) | Notice of Guaranteed Delivery. | |
(a)(1)(D) | Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees. | |
(a)(1)(E) | Letter to Clients for Use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees. | |
(a)(1)(F) | Guidelines for Certification of Taxpayer Identification Number on Substitute IRS Form W-9. | |
(a)(5)(A) | Press Release entitled "Sanmina-SCI Announces Tender Offer to Repurchase Zero Coupon Convertible Subordinated Debentures due 2020," issued by Sanmina-SCI Corporation, dated February 17, 2005. | |
(b) | Indenture, to be dated as of the closing date of the Financing, among the Company, certain guarantors and U.S. Bank National Association, as Trustee.* | |
(d)(1) | Indenture, dated as of September 12, 2000, between the Company and Wells Fargo Bank, N.A., as successor by merger to Wells Fargo Bank Minnesota, National Association, as Trustee, incorporated by reference from Exhibit 4.1 of the Company's Registration Statement on Form S-3 filed on November 20, 2000. | |
(d)(2) | Registration Rights Agreement, dated as of September 12, 2000, between the Company and the placement agents named therein, incorporated by reference from Exhibit 4.3 of the Company's Registration Statement on Form S-3 filed on November 20, 2000. | |
(g) | None. | |
(h) | None. |
Item 13. Information Required by Schedule 13E-3.
Not Applicable.
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After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
SANMINA-SCI CORPORATION | ||||
By: |
/s/ DAVID L. WHITE |
|||
Name: | David L. White | |||
Title: | Executive Vice President of Finance and Chief Executive Officer |
Dated: February 17, 2005
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(a)(1)(A) | Offer to Purchase dated February 17, 2005. | |
(a)(1)(B) | Letter of Transmittal dated February 17, 2005. | |
(a)(1)(C) | Notice of Guaranteed Delivery. | |
(a)(1)(D) | Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees. | |
(a)(1)(E) | Letter to Clients for Use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees. | |
(a)(1)(F) | Guidelines for Certification of Taxpayer Identification Number on Substitute IRS Form W-9. | |
(a)(5)(A) | Press Release entitled "Sanmina-SCI Announces Tender Offer to Repurchase Zero Coupon Convertible Subordinated Debentures due 2020," issued by Sanmina-SCI Corporation, dated February 17, 2005. | |
(b) | Indenture, to be dated as of the closing date of the Financing, among the Company, certain guarantors and U.S. Bank National Association, as Trustee.* | |
(d)(1) | Indenture, dated as of September 12, 2000, between the Company and Wells Fargo Bank, N.A., as successor by merger to Wells Fargo Bank Minnesota, National Association, as Trustee, incorporated by reference from Exhibit 4.1 of the Company's Registration Statement on Form S-3 filed on November 20, 2000. | |
(d)(2) | Registration Rights Agreement, dated as of September 12, 2000, between the Company and the placement agents named therein, incorporated by reference from Exhibit 4.3 of the Company's Registration Statement on Form S-3 filed on November 20, 2000. | |
(g) | None. | |
(h) | None. |