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): April 12, 2004
BRIGHTPOINT, INC.
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(Exact name of Registrant as specified in its charter)
DELAWARE 0-23494 35-1778566
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
501 Airtech Parkway, Plainfield, Indiana 46168
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (317) 707-2355
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(Former name or former address, if changed since last report)
Item 5. Other Events and Regulation FD Disclosure
Effective as of April 12, 2004 Brightpoint, Inc. ("Brightpoint") and
American Stock Transfer & Trust Company amended ("Amendment No. 2")
Brightpoint's Rights Agreement dated as of February 20, 1997, as amended (the
"Agreement") to create a Three-Year Independent Evaluation ("TIDE") Committee,
consisting of certain independent members of Brightpoint's Board of Directors.
The TIDE Committee will review and evaluate the Agreement at least once every
three years and, if it deems appropriate, recommend that the full Board amend
the Agreement or modify or redeem the rights set forth in the Agreement.
Amendment No. 2 enhances the Board's ability to consider whether the Agreement
continues to be in best interests of Brightpoint and its stockholders.
Amendment No. 2 also (i) extends the term of the rights set forth in
the Agreement so that such rights will now expire at the close of business on
April 12, 2014; (ii) increases the percentage of beneficial ownership required
to trigger the exercisability of the Rights set forth in the Agreement from 15%
to 20%; (iii) increases the Purchase Price (as defined in the Agreement) of the
rights set forth in the Agreement from $115 to $135 per Right (as defined in the
Agreement); and (iv) changes the law governing the Agreement to the laws of
Brightpoint's state of incorporation.
Amendment No. 2 was not adopted in response to any specific effort
to acquire control of Brightpoint, and Brightpoint is not aware of any such
effort.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) - (b) Not Applicable
(c) Exhibits.
4.1 Amendment No.2 To Rights Agreement, dated as of April 12, 2004
between Brightpoint, Inc. and American Stock Transfer & Trust
Company.
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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.
BRIGHTPOINT, INC.
(Registrant)
By: /s/ Steven E. Fivel
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Steven E. Fivel
Executive Vice President and General Counsel
Date: April 16, 2004
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