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): March 14, 2006
Bookham, Inc.
(Exact Name of Registrant as Specified in Charter)
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Delaware
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0-30684
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20-1303994 |
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(State or Other Juris-
diction of Incorporation
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(Commission
File Number)
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(IRS Employer
Identification No.) |
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2584 Junction Avenue, San Jose, California
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95134 |
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(Address of Principal Executive Offices)
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(Zip Code) |
Registrants telephone number, including area code: (408) 383-1400
Not Applicable.
(Former Name or Former Address, if Changed Since Last Report)
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))
TABLE OF CONTENTS
Item 8.01. Other Events.
Bookham, Inc. (the Registrant) is in the process of negotiating definitive settlement
documentation with Mr. Howard Yue relating to the lawsuit Mr. Yue filed against New Focus, Inc., a
subsidiary of the Registrant, and several of its officers and directors in Santa Clara County
Superior Court. The lawsuit, which was originally filed on February 13, 2002, is captioned Howard
Yue v. New Focus, Inc. et al, Case No. CV808031 (the Yue Litigation) and relates to events that
occurred prior to the Registrants acquisition of New Focus, Inc. Assisted through a court mandated
mediation process, the Registrant and Mr. Yue reached a tentative agreement whereby the Registrant
would issue to Mr. Yue a $7.5 million promissory note payable on or before April 10, 2006. Subject
to certain conditions, $5 million of this promissory note could be satisfied by the Registrant, at
its option, through the issuance of its common stock. The parties expect the definitive settlement
documentation to be concluded shortly.
The defense fees for the Yue Litigation have been paid by the insurers under the applicable
New Focus directors and officers insurance policy. There remains more than $7.5 million under the
available insurance policy limits and the Registrant and New Focus, Inc. have demanded that the
relevant insurers fully fund this settlement. At this time the insurers have not confirmed to the
Registrant their definitive coverage position on this matter.