Item 8.01. Other Events
On
The AVX board of directors has formed a special committee comprised of three independent directors of AVX to review the non-binding proposal received from Kyocera. The special committee will review the Kyocera non-binding proposal in due course with the assistance of its independent financial and legal advisors. Accordingly, the special committee cautions AVX's shareholders and others considering trading in AVX securities that no decision has been made by the special committee with respect to AVX's response to the Kyocera proposal. No assurance can be given whether the proposal will lead to a transaction or as to any of the terms or conditions of such transaction. Moreover, there can be no assurance that AVX will enter into any agreement with Kyocera or, if any agreement is entered into, that any transaction will be completed.
Forward-Looking Statements
This Form 8-K contains "forward-looking" information within the meaning of the
Private Securities Litigation Reform Act of 1995. All statements other than
statements of historical fact in this Form 8-K are forward-looking statements.
The forward-looking statements in this Form 8-K include statements regarding a
potential acquisition of the publicly traded equity securities of AVX, which
involve a number of risks and uncertainties, including, among others, the entry
into or approval of a definitive agreement; satisfaction of closing conditions
for a potential acquisition; the possibility that an acquisition will not be
completed; the impact of general, economic, industry, market or political
conditions, and other risks and uncertainties identified in AVX's periodic
filings, including AVX's Annual Report on Form 10-K for the year ended
Item 9.01. Financial Statements and Exhibits
(a) Not applicable (b) Not applicable (c) Not applicable
(d) The following exhibits are included with this Report:
Exhibit Number Description 99.1 Kyocera Corporation Press Release, datedNovember 27, 2019 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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