SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
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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): October 31, 2001
Motorola, Inc.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
1-7221
(Commission File Number)
36-1115800
(I.R.S. Employer Identification No.)
1303 East Algonquin Road, Schaumburg, Illinois
(Address of principal executive offices)
Registrant's telephone number, including area code: (847) 576-5000
Not applicable
(Former name or former address, if changed since last report.)
Item 5. Other Events
On October 31, 2001, Motorola, Inc. (the "Company") closed the sale of
$1,050 million of 7.00% Equity Security Units (the "Units"). The Units consist
of (i) purchase contracts under which (a) the holder will purchase shares of
Common Stock of the Company, $3 par value per share, on November 16, 2004, and
(b) the Company will pay contract adjustment payments at the annual rate of
$0.50, and (ii) 6.50% Senior Notes due November 16, 2007. The net proceeds from
the issuance of the Units, together with the net proceeds from the Company's
concurrent sale of $600 million of 8.00% notes due 2011 in a private placement,
will be used to reduce short-term indebtedness and for general corporate
purposes.
The Units were sold pursuant to the Company's existing shelf registration
of up to $2 billion of Debt Securities and Debt Securities Warrants, Common
Stock and Common Stock Warrants, and Stock Purchase Contracts and Stock Purchase
Units. Certain of the underlying documents executed or negotiated in connection
with the issuance of the Units are filed herewith.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
MOTOROLA, INC.
Dated: November 2, 2001 By: /s/ Carl F. Koenemann
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Carl F. Koenemann
Executive Vice President
and Chief Financial Officer
EXHIBIT INDEX
The following exhibits are filed herewith.
Exhibit No. Document
99.1 Purchase Contract Agreement, dated as of October 31, 2001,
between the Company and First Union Trust Company, National
Association, as Purchase Contract Agent.
99.2 Form of Normal Units Certificate (included in Exhibit 99.1).
99.3 Form of Stripped Units Certificate (included in Exhibit 99.1).
99.4 Form of Remarketing Agreement among the Company, the Purchase
Contract Agent and the Remarketing Agent.
99.5 Pledge Agreement, dated as of October 31, 2001, among the
Company, The Chase Manhattan Bank, as Collateral Agent,
Custodial Agent and Securities Intermediary, and First Union
Trust Company, National Association, as Purchase Contract Agent.