Company: OSIS
Filing Date: 2025-11-20
Form Type: 8-K
Source: 0001104659-25-114644
Chunk: 1

Company: OSI SYSTEMS INC
Filing Date: 2025-11-20
Form: 8-K
Item: Item 1.01
Chunk 1
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 Company will have the right to elect to settle conversions either entirely in cash or in a combination of cash and shares of its common
stock. The kind and amount of consideration due upon conversion will be determined based on the conversion value of the Notes, measured
proportionately for each trading day in an “ Observation Period” (as defined in the Indenture) consisting of 40 consecutive
trading days, and settled following the completion of that Observation Period. The consideration due in respect of each trading day in
the Observation Period will consist of cash, up to at least the proportional amount of the principal amount being converted, and any excess
of the proportional conversion value for that trading day that will not be settled in cash will be settled in shares of the Company’s
common stock. The initial conversion rate is 2.8263 shares of the Company’s common stock per $1,000 principal amount of Notes, which
represents an initial conversion price of approximately $353.82 per share of the Company’s common stock. The conversion rate and
conversion price will be subject to customary adjustments upon the occurrence of certain events. In addition, if certain corporate events
that constitute a “ Make-Whole Fundamental Change” (as defined in the Indenture) occur, then the conversion rate will, in certain
circumstances, be increased for a specified period of time.

The Notes will be redeemable, in whole or in part (subject to certain
limitations described below), at the Company’s option at any time, and from time to time, on or after February 6, 2029 and
before the 41st scheduled trading day immediately before the maturity date, but only if (i) the notes are “ Freely Tradable”
(as defined in the Indenture), and all accrued and unpaid additional interest, if any, has been paid in full, as of the date the Company
sends the related redemption notice; and (ii) the last reported sale price per share of the Company’s common stock exceeds
130% of the conversion price on (1) each of at least 20 trading days, whether or not consecutive, during the 30 consecutive trading
days ending on, and including, the trading day immediately before the date the Company sends such redemption notice; and (2) the
trading day immediately before the date the Company sends such notice. However, the Company may not redeem less than all of the outstanding
Notes unless at least $100.0 million aggregate principal amount of