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 (date of earliest event reported):
October 6, 2006
Finisar Corporation
(Exact name of registrant as specified in its charter)
| |
|
|
|
|
| Delaware
|
|
000-27999
|
|
94-3038428 |
(State or other jurisdiction of
incorporation)
|
|
(Commission File No.)
|
|
(I.R.S. Employer Identification
No.) |
1389 Moffett Park Drive
Sunnyvale, CA 94089
(Address of principal executive offices)
Registrant’s telephone number, including area code:
(408) 548-1000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
TABLE OF CONTENTS
Item 1.01 Entry into a Material Definitive Agreement
On October 6, 2006, Finisar Corporation (“Finisar” or the “Company”) entered into separate
exchange agreements with certain holders of its existing 21/2% Convertible Subordinated Notes due
2010 (the “Old Notes”), pursuant to which holders of an aggregate of $100 million of the Old Notes
agreed to exchange their Old Notes for $100 million in aggregate principal amount of a new series
of 21/2% Convertible Senior Subordinated Notes due 2010 (the “New Notes”), plus accrued and unpaid
interest on the Old Notes at the day prior to the closing of the exchange. The New Notes will be
unsecured senior indebtedness of Finisar, will bear interest at 21/2% per annum, and will be
convertible into approximately 305 shares of Finisar common stock per $1,000 principal amount of
the New Notes. However, the New Notes contain provisions known as net share settlement which require that,
upon conversion of the New Notes, Finisar will pay holders in cash for up to the principal amount
of the converted New Notes and that any amounts in excess of the cash amount will be settled in
shares of Finisar common stock. Additional information regarding the exchange and the terms of the
New Notes is contained in the Company’s press release attached hereto as an exhibit.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet
Arrangement of a Registrant
See Item 1.01 above, which is incorporated by reference herein.
Item 3.02 Unregistered Sales of Equity Securities
See Item 1.01 above, which is incorporated by reference herein. The issuance of the New Notes
and the underlying shares of common stock will not be registered under the Securities Act of 1933
in reliance on an exemption from the registration requirements thereof.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| 99.1 |
|
Press release dated October 9, 2006. |
2