content: <PAGE>
  
                        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)
  
                                 October 29, 1999
  
  
                     INTEGRATED PACKAGING ASSEMBLY CORPORATION
     -------------------------------------------------------------------------
                (Exact Name of Registrant as Specified in Charter)
  
  
                                     Delaware
     -------------------------------------------------------------------------
                  (State or other jurisdiction of incorporation)
  
                 0-22712                                77-0309372
                 -------                                ----------
         (Commission File No.)             (IRS Employer Identification Number)
  
  
                                 2221 Oakland Road
                            San Jose, California 95131
     ------------------------------------------------------------------------
                     (Address of Principal Executive Offices)
  
  
  
                                  (408) 321-3600
     ------------------------------------------------------------------------
               (Registrant's Telephone Number, Including Area Code)
  
                                        -1-
  <PAGE>
  
  Item 2.  Acquisition or Disposition of Assets
           ------------------------------------
  
            Pursuant to an Agreement for Purchase and Sale of Common Stock dated
  as of October 29, 1999 by and among the Registrant, OSE, Inc., a California
  corporation ("OSEI"), and the shareholders of OSEI, the Registrant acquired all
  of the outstanding capital stock of OSEI in a stock for stock exchange. The
  transaction closed on October 29, 1999. As a result of the transaction, each
  outstanding share of OSEI Common Stock was exchanged for 304.8246 shares of the
  Registrant's Common Stock and an aggregate of 25,910,090 shares of Common Stock
  were issued by the Registrant. The transaction consideration was negotiated
  among the parties.
  
       OSEI is a privately held corporation that serves as the exclusive North
  American distributor of Orient Semiconductor Electronics, Limited ("OSE"), a
  public Taiwanese company, and the Registrant's principal shareholder.  OSEI
  derives its earnings from fees received on the sales of OSE's semiconductor
  assembly and test services to customers in North America.  OSEI had revenues of
  $48.8 million in the fiscal year 1999 that ended June 1999. Following
  the transaction, OSEI will continue its operations as a wholly owned subsidiary
  of the Registrant.
  
       In connection with the transaction, the Registrant issued 4,877,193 shares
  of its Common Stock to OSE which held 16,000 shares of OSEI. OSE owns
  approximately 63% of the Registrant's outstanding voting securities, assuming
  conversion of all outstanding preferred shares, and has three representatives on
  the Registrant's Board of Directors.
  
  Item 7.  Financial Statements and Exhibits
           ---------------------------------
  
           (a)  Financial Statements of Business Acquired.
  
                The required financial statements of OSEI will be filed no later
                than sixty (60) days after the filing of this Report on Form 8-K.
  
           (b)  Pro Forma Financial Information.
  
                The required pro-forma financial information will be filed no
                later than sixty (60) days after the filing of this Report on Form
                8-K.
  
           (c)  Exhibits
                --------
  
                 2.1  Agreement for Purchase and Sale of Common Stock of OSE, Inc.
                      by and among the Registrant, OSE, Inc. and the shareholders
                      of OSE, Inc. dated as of October 29, 1999.
  
                                        -2-
  <PAGE>
  
                 2.2  Exclusive Sales Distributor Agreement between OSE, Inc. and
                      Orient Semiconductor Electronics Limited dated as of October
                      29, 1999.
  
  
       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.
  
  
                                     INTEGRATED PACKAGING ASSEMBLY
                                               CORPORATION
  
                                     By: /s/ PATRICK VERDERICO
                                        -------------------------------------
                                        Patrick Verderico
                                        President and Chief Executive Officer
  
  Date:  November 15, 1999
  
                                        -3-
  <PAGE>
  
                     INTEGRATED PACKAGING ASSEMBLY CORPORATION
  
                            CURRENT REPORT ON FORM 8-K
                            --------------------------
  
                                 INDEX TO EXHIBITS
  
  
  Sequentially
  Exhibit
  Number                           Description
  -------       ------------------------------------------------
  
          2.1   Agreement for Purchase and Sale of Common Stock by and among the
                Registrant, OSE, Inc. and the shareholders of OSE, Inc. dated as
                of October 29, 1999.
  
          2.2   Exclusive Sales Distributor Agreement between OSE, Inc. and Orient
                Semiconductor Electronics Limited dated as of October 29, 1999.
  
                                        -4-
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 5616}]
metadata_filer: {"company-data": {"conformed-name": "INTEGRATED PACKAGING ASSEMBLY CORP", "cik": "0000924101", "assigned-sic": "3674", "irs-number": "770309372", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-27712", "film-number": "99756252"}, "business-address": {"street1": "2221 OLD OAKLAND RD", "city": "SAN JOSE", "state": "CA", "zip": "95131-1402", "phone": "4083213600"}, "mail-address": {"street1": "2221 OLD OAKLAND ROAD", "city": "SAN JOSE", "state": "CA", "zip": "95131-1402"}}
text: 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)
  
                                 October 29, 1999
  
                     INTEGRATED PACKAGING ASSEMBLY CORPORATION
     -------------------------------------------------------------------------
                (Exact Name of Registrant as Specified in Charter)
  
                                     Delaware
     -------------------------------------------------------------------------
                  (State or other jurisdiction of incorporation)
  
                 0-22712                                77-0309372
                 -------                                ----------
         (Commission File No.)             (IRS Employer Identification Number)
  
                                 2221 Oakland Road
                            San Jose, California 95131
     ------------------------------------------------------------------------
                     (Address of Principal Executive Offices)
  
                                  (408) 321-3600
     ------------------------------------------------------------------------
               (Registrant's Telephone Number, Including Area Code)
  
                                        -1-
  Item 2.  Acquisition or Disposition of Assets
           ------------------------------------
  
            Pursuant to an Agreement for Purchase and Sale of Common Stock dated
  as of October 29, 1999 by and among the Registrant, OSE, Inc., a California
  corporation ("OSEI"), and the shareholders of OSEI, the Registrant acquired all
  of the outstanding capital stock of OSEI in a stock for stock exchange. The
  transaction closed on October 29, 1999. As a result of the transaction, each
  outstanding share of OSEI Common Stock was exchanged for 304.8246 shares of the
  Registrant's Common Stock and an aggregate of 25,910,090 shares of Common Stock
  were issued by the Registrant. The transaction consideration was negotiated
  among the parties.
  
       OSEI is a privately held corporation that serves as the exclusive North
  American distributor of Orient Semiconductor Electronics, Limited ("OSE"), a
  public Taiwanese company, and the Registrant's principal shareholder.  OSEI
  derives its earnings from fees received on the sales of OSE's semiconductor
  assembly and test services to customers in North America.  OSEI had revenues of
  $48.8 million in the fiscal year 1999 that ended June 1999. Following
  the transaction, OSEI will continue its operations as a wholly owned subsidiary
  of the Registrant.
  
       In connection with the transaction, the Registrant issued 4,877,193 shares
  of its Common Stock to OSE which held 16,000 shares of OSEI. OSE owns
  approximately 63% of the Registrant's outstanding voting securities, assuming
  conversion of all outstanding preferred shares, and has three representatives on
  the Registrant's Board of Directors.
  
  Item 7.  Financial Statements and Exhibits
           ---------------------------------
  
           (a)  Financial Statements of Business Acquired.
  
                The required financial statements of OSEI will be filed no later
                than sixty (60) days after the filing of this Report on Form 8-K.
  
           (b)  Pro Forma Financial Information.
  
                The required pro-forma financial information will be filed no
                later than sixty (60) days after the filing of this Report on Form
                8-K.
  
           (c)  Exhibits
                --------
  
                 2.1  Agreement for Purchase and Sale of Common Stock of OSE, Inc.
                      by and among the Registrant, OSE, Inc. and the shareholders
                      of OSE, Inc. dated as of October 29, 1999.
  
                                        -2-
  2.2  Exclusive Sales Distributor Agreement between OSE, Inc. and
                      Orient Semiconductor Electronics Limited dated as of October
                      29, 1999.
  
       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.
  
                                     INTEGRATED PACKAGING ASSEMBLY
                                               CORPORATION
  
                                     By: /s/ PATRICK VERDERICO
                                        -------------------------------------
                                        Patrick Verderico
                                        President and Chief Executive Officer
  
  Date:  November 15, 1999
  
                                        -3-
  INTEGRATED PACKAGING ASSEMBLY CORPORATION
  
                            CURRENT REPORT ON FORM 8-K
                            --------------------------
  
                                 INDEX TO EXHIBITS
  
  Sequentially
  Exhibit
  Number                           Description
  -------       ------------------------------------------------
  
          2.1   Agreement for Purchase and Sale of Common Stock by and among the
                Registrant, OSE, Inc. and the shareholders of OSE, Inc. dated as
                of October 29, 1999.
  
          2.2   Exclusive Sales Distributor Agreement between OSE, Inc. and Orient
                Semiconductor Electronics Limited dated as of October 29, 1999.
  
                                        -4-