Formfactor Inc - Current report filing (8-K)
April 09 2008 - 6:46AM
Edgar (US Regulatory)
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
Date
of Report (Date of earliest event reported):
April 8,
2008
FORMFACTOR, INC.
(Exact
name of Registrant as specified in its charter)
Delaware
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(State
or other jurisdiction of incorporation)
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000-50307
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13-3711155
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(Commission
File Number)
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|
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(IRS
Employer
Identification No.)
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7005 Southfront Road, Livermore
, CA
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94551
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(Address
of principal executive offices)
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(Zip
Code)
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(925) 290-4000
(Registrants
telephone number, including area code)
Not Applicable
(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 (See General Instruction A.2.):
o
Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 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 2.02. Results
of Operations and Financial Condition.
On
April 8, 2008, FormFactor, Inc. issued a press release revising its
first quarter guidance for the first quarter ended March 29, 2008. A copy of the press release is furnished as Exhibit 99.01
to this report and is incorporated herein by reference.
Item 2.05. Costs
Associated with Exit or Disposal Activities.
On
April 8, 2008, FormFactor, Inc. announced its commitment to
implement a global cost reduction plan that will include reducing its global
workforce by about 12%, with the reductions primarily coming from the companys
North America operations. The plan also includes the consolidation of a
facility in Livermore, California. The plan is designed to restructure the
company to better align with the market environment. A substantial
portion of the activities comprising the cost reduction plan are expected to be
completed by the end of the second quarter of fiscal 2008 with the remaining
activities to be completed in the third quarter of fiscal 2008. FormFactor
expects to record charges in the range of $3.5 to $4.5 million related to the
cost reduction plan, which includes approximately $500,000 associated with the
facility consolidation. FormFactor will record the charges in the second and
third quarters of fiscal 2008 when the particular activities comprising the
plan are completed. A substantial portion of the charges associated with the
cost reduction plan are expected to result in future cash expenditures.
Item 9.01.
Financial Statements and
Exhibits.
Exhibit
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Number
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Exhibit Title or Description
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99.01
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Press
release dated April 8, 2008.
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The
information in this current report and the accompanying exhibit, other than
Item 2.05, shall not be incorporated by reference into any filing of FormFactor
with the Securities and Exchange Commission, whether made before or after the
date hereof, regardless of any general incorporation language in such filing,
unless expressly incorporated by specific reference in such filing. The
information in this report and the accompanying exhibit, other than Item 2.05, shall
not be deemed to be filed for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the liabilities of
that section or Sections 11 and 12(a)(2) of the Securities Act of
1933, as amended.
2
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.
Date:
April 9, 2008
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FORMFACTOR,
INC.
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By:
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/s/
J
EAN B. VERNET
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Jean B. Vernet
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Chief Financial Officer
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3
EXHIBIT INDEX
Exhibit
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Number
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Exhibit Title or Description
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99.01
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Press
release dated April 8, 2008.
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4
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