UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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):
September 29, 2004
Cabot Microelectronics Corporation
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(Exact name of registrant as specified in its charter)
Delaware 000-30205 36-4324765
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(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation) Identification)
870 Commons Drive, Aurora, Illinois 60504
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(Address of principal executive offices) (Zip Code)
(630) 375-6631
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(Registrant's telephone number, including area code)
Not applicable
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(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:
|_| Written communications pursuant to Rule 425 under the Securities Act
(17CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR240.14a-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 7.01 Regulation FD Disclosure.
To address certain issues arising pursuant to a new rule proposed by
the Financial Accounting Standards Board and as permitted by the Second Amended
and Restated Cabot Microelectronics Corporation 2000 Equity Incentive Plan (the
"Plan"), on September 27, 2004 the Compensation Committee of Cabot
Microelectronics Corporation's (the "Corporation's") Board of Directors
accelerated to September 1, 2005 the vesting of those stock options granted to
employees, officers and directors under the Plan prior to September 27, 2004
that have an option price equal to or greater than the fair market value of the
shares of the Corporation on September 27, 2004 ($34.30), through amendment made
and effective as of September 27, 2004 to the grant agreements for such stock
options. Approximately 1.3 million options with varying remaining vesting
schedules of fewer than three years as of September 1, 2005 are subject to the
acceleration provision and become exercisable as of such date as a result.
This information is being furnished pursuant to Item 7.01 of Form 8-K
and shall not be deemed "filed" for purposes of Section 18 of the Securities and
Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by
reference in any filing under the Securities Act of 1933, as amended, or the
Exchange Act, except as shall be expressly set forth by specific reference in
such filing.
SIGNATURE
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 hereunto duly authorized.
CABOT MICROELECTRONICS CORPORATION
Date: September 29, 2004 By: /s/ WILLIAM S. JOHNSON
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William S. Johnson
Vice President and Chief Financial
Officer
[Principal Financial Officer]