-----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, SHIraMCdWcBHpP86FnqDp1NstD0KRjfMFfSsx6fGVXmkH6CpcPobP/71VuFzHiH1 q4xkbbau12MySOm/Vwxi+A== 0000950137-07-000525.txt : 20070119 0000950137-07-000525.hdr.sgml : 20070119 20070119142225 ACCESSION NUMBER: 0000950137-07-000525 CONFORMED SUBMISSION TYPE: SC TO-I/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20070119 DATE AS OF CHANGE: 20070119 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: 07540364 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 c10732a4sctoviza.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, 078137AC0 SERIES B DUE 2024 (CUSIP Number of (Title of Class of Securities) 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 |X| Issuer tender offer subject to subject to Rule 14d-1 Rule 13e-4. |_| Going-private transaction |_| Amendment to Schedule 13D subject to Rule 13e-3. 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) 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 (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 1. SUMMARY TERM SHEET. The Company announced on January 19, 2007 that it was terminating its Offer to Purchase dated December 13, 2006. The Company, pursuant to rights reserved in its Offer to Purchase dated December 13, 2006, has determined that it is in the best interests of the Company to terminate the Offer to Purchase effective upon making public notice thereof. Pursuant to Rule 13e-4(f)(5), the Company shall promptly return all tendered Notes to the holders without cost to such tendering Note holders. ITEM 2. SUBJECT COMPANY INFORMATION. This item is amended by the information set forth under Item 1 above. ITEM 3. IDENTITY AND BACKGROUND OF FILING PERSON. This item is amended by the information set forth under Item 1 above. ITEM 4. TERMS OF THE TRANSACTION. This item is amended by the information set forth under Item 1 above. ITEM 5. PAST CONTACTS, TRANSACTIONS, NEGOTIATIONS AND AMENDMENTS. This item is amended by the information set forth under Item 1 above. ITEM 6. PURPOSES OF THE TRANSACTION AND PLANS OR PROPOSALS. This item is amended by the information set forth under Item 1 above. ITEM 7. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. This item is amended by the information set forth under Item 1 above. ITEM 8. INTEREST IN SECURITIES OF THE SUBJECT COMPANY. This item is amended by the information set forth under Item 1 above. ITEM 9. PERSONS/ASSETS RETAINED, EMPLOYED, COMPENSATED OR USED. This item is amended by the information set forth under Item 1 above. ITEM 10. FINIANCIAL STATEMENTS. This item is amended by the information set forth under Item 1 above. ITEM 11. ADDITIONAL INFORMATION. This item is amended by the information set forth under Item 1 above. ITEM 12. EXHIBITS. Item 12(a) of the Schedule TO is hereby amended by the information set forth under Item 1 above, and the following exhibit is filed herewith: (a)(9) Press Release issued by the Company on January 19, 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 19, 2007 BELL MICROPRODUCTS INC. By: /s/ James E. Illson ------------------------------ Name: James E. Illson Its: Chief Financial Officer 3 EX-99.(A)(9) 2 c10732a4exv99wxayx9y.txt PRESS RELEASE [BELL MICROPRODUCTS LOGO] CONTACT: Rob Damron Investor Relations Representative Bell Microproducts Inc. (414) 224-1668 ir@bellmicro.com FOR IMMEDIATE RELEASE BELL MICROPRODUCTS TERMINATES TENDER OFFER FOR ITS CONVERTIBLE SUBORDINATED NOTES DUE 2024 January 19, 2007--Bell Microproducts Inc. (Nasdaq: BELM) (the "Company") today announced that it has terminated its previously announced tender offer to purchase any and all of its $109,850,000 outstanding 3 3/4 % Convertible Subordinated Notes, Series B due 2024 (the "Notes"). The tender offer expired at 9:00 a.m., New York City time, on January 18, 2007. All Notes tendered during the tender offer will be returned to their prior holders at no cost to the holders and no cash will be paid. On December 13, 2006, the Company announced an offer to purchase any and all of the Notes at a purchase price equal to $1,000.00 per $1,000.00 of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the date on which the Notes are purchased. After evaluating available options, the Company determined that termination of the tender offer was the most prudent course of action. Pursuant to the Offer to Purchase and the terms of the Company's previously announced consent solicitation for the Notes, it will be obligated to pay holders of the Notes their pro rata share of a special interest payment equal to 8.5% of the outstanding aggregate principal amount of the Notes. The Company believes it has access to sufficient resources to fund the special interest payment and its working capital requirements. In exchange for the special interest payment and an initial consent fee equal to 0.50% of the aggregate principal amount of the Notes, the Company received a permanent waiver of the SEC periodic reporting covenants and obligation to deliver such periodic reports to the trustee under the indenture. 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 the Company's expectations regarding its capital requirements, including the special interest payment to the holders of the Notes, involve 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 to the following factors: o the risk that additional sources of financing, if needed, will not be available on terms acceptable to the Company; o the ultimate outcome and timing of the Company's financial statement restatement process, including the stock option review; o risks arising from material weaknesses in the Company's internal control over financial reporting; o potential adverse effects to the Company's 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 and consent solicitation processes and the tender offer; o risks associated with the Company's inability to prepare and timely file financial statements; o potential adverse effects if there are additional adverse accounting-related developments; o potential adverse developments from enforcement actions that may be commenced by regulatory agencies, including delisting of the Company's common stock from the Nasdaq Global Market; o potential downgrades in the credit ratings of the Company's securities; and o risks associated with the Company's business operations as identified in its SEC filings. 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-----