UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE TO
(RULE 14d-100)
Tender Offer Statement Pursuant to Section 14(d)(1) or 13(e)(1) of
The Securities Exchange Act of 1934
Silicon Graphics, Inc.
(Name of Subject Company)
Silicon Graphics, Inc.
(Name of Filing Person)
5.25% Senior Convertible Notes Due 2004
(Title of Class of Securities)
827056AC
(Cusip Number of Class of Securities)
Sandra M. Escher
Senior Vice President and General Counsel
Silicon Graphics, Inc.
1600 Amphitheatre Parkway
Mountain View, California 94043
(650) 960-1980
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications on Behalf of Filing Persons)
Copies
to:
William M. Kelly
Davis Polk & Wardwell
1600 El Camino Real
Menlo Park, California 94043
Tel: (650) 752-2000
Fax: (650) 752-2111
CALCULATION OF FILING FEE
Title Of Each Class Of Securities To Be Registered(1) |
Amount To Be Registered(2) |
Proposed Maximum Offering Price Per Unit |
Proposed Maximum Aggregate Offering Price(3) |
Amount of Registration Fee(4) |
||||
---|---|---|---|---|---|---|---|---|
11.75% Senior Secured Notes Due 2009 | $230,591,000 | 100% | $226,411,538.00 | 18,316.69 | ||||
6.50% Senior Secured Convertible Notes Due 2009 | (5) | (5) | (5) | (5) | ||||
Amount Previously Paid: | 18,316.69 | Filing Party: | Silicon Graphics, Inc. | |||
Form or Registration No.: | 333-110683 | Date Filed: | November 21, 2003 | |||
Check the appropriate boxes below to designate any transactions to which the statement relates:
Check the following box if the filing is a final amendment reporting the results of the tender offer. o
This Tender Offer Statement on Schedule TO is being filed by Silicon Graphics, Inc. pursuant to Section 13(e) of the Securities Exchange Act of 1934, as amended, in connection with its offer to exchange an aggregate of up to $230,591,000 principal amount of its 5.25% Senior Convertible Notes Due 2004 (the "Old Notes") for either (a) $1,000 in principal amount of its new 11.75% Senior Secured Notes Due 2009 (the "New Secured Notes") for each $1,000 in principal amount of notes tendered, or (b) $1,000 principal amount of its new 6.50% Senior Secured Convertible Notes Due 2009 (the "New Secured Convertible Notes") for each $1,000 in principal amount of Old Notes tendered.
This exchange offer is subject to the terms and conditions set forth in the prospectus and in the related Letter of Transmittal which are a part of the issuer's Registration Statement on Form S-4 (File No. 333-[ ] filed with the Securities and Exchange Commission on November 21, 2003 ("Registration Statement").
The information in the Registration Statement, including all exhibits thereto, is incorporated herein by reference in answer to all of the items in this Schedule TO, except as otherwise set forth below.
The information in the Registration Statement under the heading "SummaryThe Exchange Offer" is incorporated herein by reference.
Item 2. Subject Company Information.
(a) Name and Address. Silicon Graphics, Inc. ("SGI") is the issuer and the subject company. Its address is 1600 Amphitheatre Parkway, Mountain View, CA 94043. Its telephone number is (650) 960-1980.
(b) Securities. The information in the Registration Statement under the headings "Description of the Old Notes" and "SummaryMarket and Market Prices" is incorporated herein by reference.
(c) Trading Market and Price. The information in the Registration Statement under the heading "SummaryMarket and Market Prices" is incorporated herein by reference.
Item 3. Identity and Background of Filing Person.
Item 4. Terms of the Transaction.
(a) The information in the Registration Statement under the headings "SummaryThe Exchange Offer", "SummarySummary Comparison of Old Notes to 2009 Secured Notes", "Description of the Exchange Offer", "Description of the Old Notes", "Description of the 2009 Secured Notes", and "Material United States Federal Income Tax Considerations" is incorporated herein by reference.
Item 5. Past Contacts, Transactions, Negotiations and Agreements
(e) Agreements Involving the Subject Company's Securities. None.
Item 6. Purposes of the Transaction and Plans or Proposals.
(a) Purpose. The information in the Registration Statement under the heading "Description of the Exchange OfferPurpose of the Exchange Offer" is incorporated herein by reference.
(b) Use of Securities Acquired. The information in the Registration Statement under the heading "SummaryThe Exchange Offer" is incorporated herein by reference.
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(c)(6) Plans. The information in the Registration Statement under the headings "Risk FactorsRisks Relating to the Exchange Offer" is incorporated herein by reference.
Item 7. Source and Amount of Funds or Other Consideration.
(a) Source of Funds. The information in the Registration Statement under the heading "SummaryThe Exchange Offer" is incorporated herein by reference.
(b) Conditions. The information in the Registration Statement under the heading "Description of the Exchange OfferConditions to the Exchange Offer" is incorporated herein by reference.
(d) Borrowed Funds. None
Item 8. Interest in Securities of the Subject Company.
None.
Item 9. Person/Assets, Retained, Employed, Compensated or Used.
(a) The information in the Registration Statement under the heading "Description of the Exchange OfferFees and Expenses" and "Summary-Retail Solicitation Fee" is incorporated herein by reference.
(b) SGI's officers, directors and employees may solicit noteholders by mail, telephone, personally or otherwise, without additional compensation.
Item 10. Financial Statements.
(a)(1) The information in item eight of SGI's Annual Report on Form 10-K for the fiscal year ended June 27, 2003 is incorporated herein by reference.
(a)(2) The information in item one of SGI's Quarterly Report on Form 10-Q for the quarter ended September 26, 2003 is incorporated herein by reference.
(a)(3) The information in the Registration Statement under the headings "SummarySelected Historical Financial Data of SGI," and "SummaryRatio of Earnings to Fixed Charges" is incorporated herein by reference.
(b) The information in the Registration Statement under the heading "SummaryUnaudited Pro Forma Information" is incorporated herein by reference.
Item 11. Additional Information.
(a)(1) The information in SGI's Amendment to its Annual Report on Form 10-K for the fiscal year ended June 27, 2003, filed with the Securities and Exchange Commission on October 27, 2003 under the captions "Executive Compensation", "Director Compensation", Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters" and "Certain Relationships and Related Transactions" is incorporated herein by reference.
(a)(2) The New York Stock Exchange requires shareholder approval be obtained for any issuance of securities convertible into common stock if the number of shares of common stock to be issued is equal to or in excess of 20 percent of the number of shares of common stock outstanding before the issuance of the convertible securities. SGI intends to seek shareholder approval for this issuance at its annual shareholder meeting on December 16, 2003.
(a)(3) Not applicable.
(a)(4)(b) Incorporated by reference to the Registration Statement.
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(a)(1)(A) Prospectus, dated November 21, 2003, incorporated herein by reference to the Registration Statement.
(a)(1)(B) Form of Letter of Transmittal, incorporated by reference to Exhibit 99.1 to the Registration Statement.
(a)(1)(C) Form of Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees, incorporated by reference to Exhibit 99.2 to the Registration Statement.
(a)(1)(D) Form of Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees, incorporated by reference to Exhibit 99.3 to the Registration Statement.
(a)(1)(E) Form of Notice of Guaranteed Delivery, incorporated by reference to Exhibit 99.4 to the Registration Statement.
(a)(5) Press Release issued by Issuer on November 21, 2003, filed pursuant to Rule 425 on November 21, 2003.
(b) None.
(c) None.
(d) None.
(g) None.
(h) None.
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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.
SILICON GRAPHICS, INC. | |||
/s/ JEFFREY V. ZELLMER (Signature) |
|||
Name: |
Jeffrey V. Zellmer |
||
Title: | Senior Vice President and Chief Financial Officer | ||
Date: |
November 21, 2003 |
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