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): May 18, 2010

 

 

SYMMETRICOM, INC.

(Exact name of Registrant as Specified in its Charter)

 

 

 

Delaware   000-02287   95-1906306

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

2300 Orchard Parkway

San Jose, California 95131-1017

(Address of Principal Executive Offices)

(408) 433-0910

(Registrant’s telephone number, including area code)

 

 

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):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Item 8.01. Other Events.

On May 18, 2010, Symmetricom, Inc. (the “Company”) agreed to purchase approximately $50.4 million aggregate principal amount of the Company’s 3-1/4% Contingent Convertible Subordinated Notes due 2025 (the “Notes”) in a privately negotiated transaction, for a purchase price of $51,115,389.93, representing the par value principal amount of such Notes plus accrued and unpaid interest. The purchased Notes will be retired and cancelled by the Company. Following this purchase, approximately $6.5 million aggregate principal amount of the Notes remains outstanding.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: May 21, 2010   SYMMETRICOM, INC.
  By:  

/ S /    J USTIN S PENCER        

  Name:   Justin Spencer
  Title:  

Executive Vice President,

Chief Financial Officer and Secretary

Symmetricom (NASDAQ:SYMM)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Symmetricom Charts.
Symmetricom (NASDAQ:SYMM)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Symmetricom Charts.