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 17, 2003
-----------------------------
FSI INTERNATIONAL, INC.
--------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
MINNESOTA 0-17276 41-1223238
--------------------------------------------------------------------------------
(State or other jurisdiction) (Commission File Number) (IRS Employer
of incorporation Identification No.)
3455 LYMAN BOULEVARD
CHASKA, MINNESOTA 55318
--------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (952) 448-5440
----------------------------
ITEM 5. OTHER EVENTS
On March 17, 2003, FSI International, Inc. (the "Company")
announced that it will transition out of its Microlithography business over the
next few quarters.
For the fiscal year ended August 31, 2002, the Microlithography
business revenue represented $61 million or 43 percent of the Company's total
revenue of $143 million. Approximately 292 of the Company's 710 employees work
in this business and will be affected by this decision.
On March 17, 2003, the Company issued a press release, a copy
of which is attached as an exhibit to this report and is incorporated herein by
reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99 Press release dated March 17, 2003
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, thereunto duly authorized.
FSI INTERNATIONAL, INC.
By /s/ Patricia M. Hollister
----------------------------
Patricia M. Hollister
Chief Financial Officer
Date: March 18, 2003
EXHIBIT INDEX
EXHIBIT DESCRIPTION
99 Press release dated March 17, 2003