-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MdkLW3JgzyeiQ1NMs1TvFh94gk9T44Hd2amcBbdG22aQmf9tXXEIqF80oCP1sfsE Egz4AxpXqw3S8zepQoZxFw== 0000820318-98-000011.txt : 19980710 0000820318-98-000011.hdr.sgml : 19980710 ACCESSION NUMBER: 0000820318-98-000011 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980630 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980709 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: II-VI INC CENTRAL INDEX KEY: 0000820318 STANDARD INDUSTRIAL CLASSIFICATION: OPTICAL INSTRUMENTS & LENSES [3827] IRS NUMBER: 251214948 STATE OF INCORPORATION: PA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-16195 FILM NUMBER: 98663511 BUSINESS ADDRESS: STREET 1: 375 SAXONBURG BLVD CITY: SAXONBURG STATE: PA ZIP: 16056 BUSINESS PHONE: 4123524455 MAIL ADDRESS: STREET 1: 375 SAXONBURG BLVD CITY: SAXONBURG STATE: PA ZIP: 16056 8-K 1 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): July 9, 1998 ------------ II-VI INCORPORATED - ------------------------------------------------------ (Exact name of registrant as specified in its charter) Pennsylvania 0-16195 25-1214948 - -------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification Number) 375 Saxonburg Boulevard, Saxonburg, Pennsylvania 16056 - ------------------------------------------------------------------- (Address of principal executive offices) (ZIP Code) Registrant's telephone number, including area code: 724-352-4455 ------------ Former name or former address, if changed, since last report: Not Applicable Item 5. Other Events ------------ On July 9, 1998, II-VI Incorporated (the "Company") issued a press release announcing preliminary bookings and revenues for the fourth quarter and fiscal year ended June 30, 1998. The full text of the Company's press release is filed as Exhibit 99 to this Current Report on Form 8-K and is incorporated herein by reference. Item 7. Financial Statements and Exhibits --------------------------------- (c) Exhibits. Exhibit No. Description ----------- ----------- 99 Press Release 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 thereunto duly authorized. II-VI INCORPORATED (Registrant) Date: July 9, 1998 By: /s/ Carl J. Johnson ------------------------------- Carl J. Johnson Chairman & Chief Executive Officer Date: July 9, 1998 By: /s/ James Martinelli ------------------------------- James Martinelli Treasurer & Chief Financial Officer EXHIBIT INDEX Exhibit No. Description - ----------- ----------- 99 Press Release EX-99 2 Exhibit 99 July 9, 1998 Jim Martinelli Treasurer & Chief Financial Officer (724) 352-4455 jmartinelli@ii-vi.com II-VI Homepage: www.ii-vi.com II-VI INCORPORATED ANNOUNCES PRELIMINARY FOURTH QUARTER AND FISCAL YEAR BOOKINGS AND REVENUES PITTSBURGH, PA., July 9, 1998--II-VI Incorporated (NASDAQ NMS: IIVI) today reported preliminary bookings and revenues for the fourth quarter and fiscal year ended June 30, 1998. Bookings for the quarter are expected to be approximately $16 million as compared to last year's fourth quarter bookings of $16.3 million and revenues for the quarter are expected to be approximately $14.5 million compared to $14.8 million for the same period a year ago. For the year, bookings are expected to be approximately $65 million as compared to $56.7 million for last fiscal year and revenues are expected to be approximately $61 million as compared to $52.7 million a year ago. While the Company's financial results are preliminary and require further analysis, revenues for the quarter ended June 30, 1998 from infrared products should remain relatively constant with last year's level, in spite of the lower demand from the Japanese market and the continued weakness of the Japanese Yen. Quarterly revenues from the Company's VLOC subsidiary should increase approximately 10%, while quarterly revenues from the eV PRODUCTS division should decrease. Francis J. Kramer, President and Chief Operating Officer stated, "Continued strength in the European and the U.S. markets is expected to overcome shortfalls in the Japanese market for our infrared optical products. Revenue growth of the VLOC subsidiary and the eV PRODUCTS division is expected to be negatively impacted by production delays associated with moving to new facilities and by lower than expected material production yields. We expect production and yield improvements in the upcoming quarters to positively impact operating results." The Company is expected to issue its year end earnings release on August 11, 1998. Headquartered in Saxonburg, Pennsylvania, II-VI Incorporated designs, manufactures and markets optical and electro-optical components, devices and materials for precision use in infrared, near infrared, visible light and x-ray instruments and applications. The Company's infrared products are used in high- power CO2 (carbon dioxide) lasers for industrial processing worldwide. The Company's VLOC subsidiary manufactures near infrared and visible light products used in industrial, scientific and medical instruments and solid-state (such as YAG and YLF) lasers. II-VI Incorporated is also developing and marketing solid-state x-ray and gamma-ray products for the nuclear radiation detection industry through its eV PRODUCTS division. This press release contains forward-looking statements as defined by Section 21E of the Securities Exchange Act of 1934. Actual results may differ materially from the results described in any forward looking statements due to expected production delays associated with moving to new facilities and production yields of the VLOC subsidiary and the eV PRODUCTS division and issues that may arise in connection with the completion of the annual audit. Additional information on potential factors that could affect the Company's financial results are included in the Company's Form 10- K for the year ended June 30, 1997 as filed with the Securities and Exchange Commission. # # # # -----END PRIVACY-ENHANCED MESSAGE-----