e8vk
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
April 25,
2011
Date of Report (Date of earliest event reported)
MOLEX INCORPORATED
(Exact name of registrant as specified in its charter)
|
|
|
|
|
Delaware
|
|
0-7491
|
|
36-2369491 |
(State or other jurisdiction
|
|
(Commission
|
|
(IRS Employer |
of incorporation)
|
|
File Number)
|
|
Identification No.) |
2222 Wellington Court, Lisle, Illinois 60532
(Address and zip code of principal executive offices)
(630) 969-4550
(Registrants telephone number, including area code)
N/A
(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:
|
|
|
o
|
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
|
o
|
|
Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12) |
|
|
|
o
|
|
Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
|
o
|
|
Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 Other Events.
Unauthorized Activities at Molex Japan Co., Ltd.
The Securities and Exchange Commission (the SEC) has informed Molex Incorporated that the SEC has
issued a formal order of private investigation in connection with the previously reported
unauthorized activities in Molex Japan Co., Ltd. Molex is fully cooperating with the SECs
investigation.
As Molex previously reported, it launched an investigation into unauthorized activities at Molex
Japan in April 2010. Molex learned that an individual working in Molex Japans finance group
obtained unauthorized loans from third party lenders, that included in at least one instance the
attempted unauthorized pledge of Molex Japan facilities as security, in Molex Japans name that
were used to cover losses resulting from unauthorized trading, including margin trading, in Molex
Japans name. Molex also learned that the individual misappropriated funds from Molex Japans
accounts to cover losses from unauthorized trading. The individual admitted to forging
documentation in arranging and concealing the transactions. Molex retained outside legal counsel,
and they retained forensic accountants, to investigate the matter. The investigation has been
completed. On August 31, 2010, Mizuho Bank, which holds the unauthorized loans, filed a complaint
in Tokyo District Court requesting the court to find Molex Japan liable for the payment of the
outstanding unauthorized loans and to enter a judgment for such payment. We are vigorously
contesting the enforceability of the outstanding unauthorized loans and any attempt by Mizuho Bank
to obtain payment. As stated in Molexs Annual Report on Form 10-K for the year ended June 30,
2010, Molex recorded for accounting purposes a liability for potential losses related to the
unauthorized activities in Japan and restated prior period financial statements to record
liabilities in the periods in which the unauthorized transactions and potential losses occurred.
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.
|
|
|
|
|
|
MOLEX INCORPORATED
|
|
|
By: |
/s/ Mark R. Pacioni
|
|
|
|
Mark R. Pacioni |
|
|
|
Corporate Secretary |
|
|
Date:
April 29, 2011