-----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, SEIqmgzvyDmeXwCOxBsg00go34XRxg8vIceNVJ5i4o//WgSEPzZM6U3UL2HGVBMY DXys8UUxP4P8nlJAWfSmeA== 0000950137-07-000374.txt : 20070116 0000950137-07-000374.hdr.sgml : 20070115 20070116171644 ACCESSION NUMBER: 0000950137-07-000374 CONFORMED SUBMISSION TYPE: SC TO-I/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20070116 DATE AS OF CHANGE: 20070116 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BELL MICROPRODUCTS INC CENTRAL INDEX KEY: 0000900708 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065] IRS NUMBER: 943057566 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-I/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-43709 FILM NUMBER: 07532707 BUSINESS ADDRESS: STREET 1: 1941 RINGWOOD AVE CITY: SAN JOSE STATE: CA ZIP: 95131-1721 BUSINESS PHONE: 4084519400 MAIL ADDRESS: STREET 1: 1941 RINOWOOD AVENUE CITY: SAN JOSE STATE: CA ZIP: 95131-1721 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BELL MICROPRODUCTS INC CENTRAL INDEX KEY: 0000900708 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065] IRS NUMBER: 943057566 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-I/A BUSINESS ADDRESS: STREET 1: 1941 RINGWOOD AVE CITY: SAN JOSE STATE: CA ZIP: 95131-1721 BUSINESS PHONE: 4084519400 MAIL ADDRESS: STREET 1: 1941 RINOWOOD AVENUE CITY: SAN JOSE STATE: CA ZIP: 95131-1721 SC TO-I/A 1 c10732a3sctoviza.txt AMENDMENT TO SCHEDULE TO ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------- SCHEDULE TO/A TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1) OF THE SECURITIES EXCHANGE ACT OF 1934 ---------- BELL MICROPRODUCTS INC. (Name of Subject Company (issuer)) BELL MICROPRODUCTS INC. (Names of Filing Persons (identifying status as offeror, issuer or other person)) ---------- 3 3/4 % CONVERTIBLE SUBORDINATED NOTES, SERIES B DUE 2024 078137AC0 (Title of Class of Securities) (CUSIP Number of Class of Securities) ---------- Copies to: HOLLY ANDERSON CORPORATE SECRETARY MELODIE R. ROSE BELL MICROPRODUCTS INC. FREDRIKSON & BYRON, P.A. 1941 RINGWOOD AVENUE 200 SOUTH SIXTH STREET, SUITE 4000 SAN JOSE, CALIFORNIA 95131 MINNEAPOLIS, MN 55402 (408) 451-9400 (612) 492-7000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Filing Persons) CALCULATION OF FILING FEE - -------------------------------------------------------------------------------- TRANSACTION VALUATION* AMOUNT OF FILING FEE** - -------------------------------------------------------------------------------- $109,850,000 $11,753.95 - -------------------------------------------------------------------------------- * Calculated solely for purposes of determining the filing fee. The purchase price of the 3 3/4 % Convertible Subordinated Notes, Series B due 2024, as described herein, is $1,000 per $1,000 principal amount outstanding. ** The amount of the filing fee was calculated in accordance with Rule 0-11 of the Securities Exchange Act of 1934, as amended, and equals $107 for each $1,000,000 of the value of the transaction. Previously paid. [X] Check box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. Amount Previously Paid: $11,753.95 Filing party: Bell Microproducts Inc. Form or Registration No.: Schedule TO Date Filed: December 13, 2006 [ ] Check the box if the filing relates solely to preliminary communications made before the commencement of a [ ] tender offer. Check the appropriate boxes below to designate any transactions to which the statement relates: [ ] Third-party tender offer subject to Rule 14d-1 [X] Issuer tender offer [ ] Going-private transaction subject to Rule 13e-3. subject to Rule 13e-4. [ ] Amendment to Schedule 13D under Rule 13d-2. Check the following box if the filing is a final amendment reporting the results of the tender offer: [ ] ================================================================================ This Amendment (the "Amendment") to Tender Offer Statement on Schedule TO (the "Schedule TO") is being filed by Bell Microproducts Inc. (the "Company"), pursuant to Section 13(e) of the Securities Exchange Act of 1934, as amended, in connection with its offer (as amended or supplemented, the "Tender Offer") to purchase for cash any and all outstanding 3 3/4 % Convertible Subordinated Notes, Series B due 2024 (the "Notes"), upon the terms and subject to the conditions set forth in the Offer to Purchase dated December 13, 2006, as amended by this Amendment (the "Offer to Purchase"), and in the related Letter of Transmittal, which are Exhibits (a)(1) and Exhibit (a)(2) to the Schedule TO, respectively. Capitalized terms used but not defined in this Amendment shall have the meanings assigned to them in the Offer to Purchase. Except as set forth in this Amendment, the terms of the Tender Offer remain the same as set forth in the Offer to Purchase. ITEM 11(b). Item 11(b) of the Schedule TO is hereby amended and supplemented by adding the following: On January 9, 2007, the Company issued a press release announcing certain preliminary results of operations for its quarter and year ended December 31, 2006. The Company also provided an update of its review of historical stock option grants. The press release issued by the Company on January 9, 2007 is attached hereto as Exhibit (a)(8) and incorporated herein by reference. ITEM 12. EXHIBITS. Item 12(a) of the Schedule TO is hereby amended and supplemented by adding the following language thereto: (a)(8) Press Release issued by the Company on January 9, 2007. 2 SIGNATURE 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. Date: January 15, 2007 BELL MICROPRODUCTS INC. By: /s/ James E. Illson ------------------------------------- Name: James E. Illson Its: Chief Financial Officer 3 EX-99.(A)(8) 2 c10732a3exv99wax8y.txt PRESS RELEASE Exhibit 99(a)(8) [BELL MICROPRODUCTS LOGO] CONTACT: Rob Damron Investor Relations Representative Bell Microproducts Inc. (414) 224-1668 ir@bellmicro.com FOR IMMEDIATE RELEASE - --------------------- BELL MICROPRODUCTS ANNOUNCES RECORD Q4 2006 AND YEARLY SALES PRELIMINARY Q4 REVENUE RANGE OF $1.0 BILLION TO $1.015 BILLION, AND OVER $3.4 BILLION FOR THE FULL YEAR 2006 EXCEEDS PREVIOUS Q4 GUIDANCE OF $920 MILLION TO $970 MILLION SAN JOSE, CA --January 9, 2007-- Bell Microproducts Inc. (Nasdaq: BELM) announces preliminary Q4 2006 revenue range of $1.0 billion to $1.015 billion, an increase of approximately 20% over the $842 million reported in Q4 2005, and 28% as compared to Q3 2006. These preliminary results exceeded management's previous Q4 2006 guidance of $920 million to $970 million. Sales for the full year 2006 are expected to be in excess of $3.4 billion, up approximately 8% over 2005. Commenting on the preliminary Q4 results, W. Donald Bell, President and Chief Executive Officer of Bell Microproducts said, "We are pleased with our strong revenue growth this quarter. Our European operations performed strongly this quarter with revenues for the combined European group increasing approximately 21% compared with the fourth quarter of 2005. In the Americas we had substantial revenue growth in our higher margin Industrial sales channel, Canada, and our Latin America group, as well as in our Total Tec and Rorke enterprise units. This was partially offset by revenue decreases in our US Commercial sales channel as we continue to focus on more profitable products and customers. Our recent strategic acquisition of ProSys Information Systems generated revenue consistent with expectations for the quarter. Furthermore, based on preliminary information, gross margins from operations were generally in line with expectations. As we enter 2007, we believe we are strategically positioned for continued growth going forward." The Solutions category of product and services sales were 52% of sales in the fourth quarter, as compared to 52% in Q4 2005, and 50% for the full year due to strong sales in this category. Solution sales grew by 21% as compared to Q4 2005. The Components and Peripherals product segment also experienced strong growth in Q4 and the year. Components and Peripherals were 48% of sales in Q4 2006, as compared to 48% in Q4 2005 and 50% for the full year. Components and Peripheral sales grew, by 20% in Q4 as compared to Q4 2005. Disk drive revenue was also strong during the quarter, increasing 35% from Q4 of last year, and representing 31% of sales in the quarter. Disk drive sales increased 20% for the 2006 full year as compared to 2005 and were 30% of sales for the full year. Don Bell will be presenting an overview of Bell Microproducts at the Needham & Company, Ninth Annual Growth Stock Conference in New York on January 9, 2007 at 2:30 p.m. EST. To listen to a live audio webcast of the presentations, visit the Investor Relations page of the Bell Microproducts website at www.bellmicro.com. A replay of the webcasts will be available for approximately one week following the presentation. The Company is unable at this time to provide additional quantitative information regarding its quarterly results or any further comparison of such results to Q4 2005 until the previously announced restatement of its financial statements for certain prior periods and the review of its historical stock option grants has been completed. A special committee of the board of directors has been appointed to conduct an evaluation of the Company's stock option practices with the assistance of independent counsel and independent accounting consultants. The Company expects that accounting adjustments may be necessary but is unable to quantify the magnitude of any such charges until the independent review is completed. ABOUT BELL MICROPRODUCTS Bell Microproducts is an international, value-added distributor of a wide range of high-tech products, solutions and services, including storage systems, servers, software, computer components and peripherals, as well as maintenance and professional services. An industry-recognized specialist in storage products, this Fortune 1000 company is one of the world's largest storage-centric value-added distributors. Bell Microproducts is uniquely qualified with deep technical and application expertise to service a broad range of information technology needs. From design to deployment, its products are available at any level of integration, from components to subsystem assemblies and fully-integrated, tested and certified system solutions. More information can be found in the Company's SEC filings, or by visiting the Bell Microproducts Web site at www.bellmicro.com. SAFE HARBOR STATEMENT This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, which include management's expectations regarding continued growth in 2007 and the results of the review of the Company's historical stock option grants involve certain known and unknown risks and uncertainties which could cause actual results or facts to differ materially from such statements for a variety of reasons including, but not limited the ultimate outcome and timing of our financial statement restatement process, including the stock option review, potential adverse effects to our financial condition, results of operations or prospects as a result of any required adjustments to prior period financial statements, and the incurrence of costs related to the restatement, as well as the risks described from time to time in the Company's reports to the Securities and Exchange Commission (including the Company's Annual Report on Form 10-K). Investors should take such risks into account when making investment decisions. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update publicly or revise any forward-looking statements. -----END PRIVACY-ENHANCED MESSAGE-----