SECURITIES AND EXCHANGE COMMISSION
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
December 17, 2003
SUN MICROSYSTEMS, INC.
|(State or other jurisdiction of
incorporation or organization)
|(Commission File Number)
4150 Network Circle
Santa Clara, CA 95054-1778
|Item 5. Other Events and Regulation FD Disclosure
Item 5. Other Events and Regulation FD Disclosure
Sun Microsystems, Inc. and two of its subsidiaries located in The Peoples Republic of China and Hong Kong entered into settlement agreements with the United States Government regarding export licensing matters previously disclosed by Sun in its filings with the Securities and Exchange Commission.
The specific matters cover the period between 1997 and 2002 and involved the export of computers to China and Egypt, as well as violations related to certain record keeping requirements with respect to past exports to a variety of countries. Sun had the appropriate licenses authorizing exports to the other countries involved, but failed to comply with some of the license conditions regarding filing post-shipment documents.
Sun and its subsidiaries have agreed to pay a one-time civil penalty in the amount of $291,000. In addition, the U.S. Department of Commerce has suspended an order denying Sun export privileges for one year commencing December 15, 2003. This settlement does not involve criminal charges.
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.
|SUN MICROSYSTEMS, INC.
|Date: December 16, 2003
|/s/ Stephen T. McGowan
Stephen T. McGowan
Chief Financial Officer and Executive
Vice President, Corporate Resources