- Current report filing (8-K)
January 16 2009 - 6:01AM
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): January 15, 2009
(January 13, 2009)
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FORMFACTOR,
INC.
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(Exact
name of registrant
as
specified in charter)
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Delaware
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000-50307
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13-3711155
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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7005
Southfront Road, Livermore, CA
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(Address
of principal executive offices)
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Registrant’s
telephone number, including area code:
(925)
290-4000
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Not
Applicable
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(Former
name or former address, if changed since last report)
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___________________
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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. below):
o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
2.05 Costs Associated with Exit or Disposal Activities
On January
13, 2009, FormFactor, Inc. announced a global reorganization and cost reduction
plan. As part of the plan, the company will reduce its workforce by
22%. The plan is designed to lower the company’s cash breakeven level
in order to enable the company to sustain itself financially in the current
market environment. FormFactor expects to incur approximately $8 million in
charges, which the company will record in the first quarter of fiscal 2009
when
the activities comprising the plan are expected to be completed. A
substantial portion of the charges associated with the cost reduction plan are
expected to result in future cash expenditures.
Item
9.01 Exhibits
Exhibit
Number
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Exhibit
Title or Description
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99.01
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Press
release dated January 13, 2009.
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SIGNATURES
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.
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FORMFACTOR,
INC.
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Date:
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January
15, 2009
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By:
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/s/
Stuart L. Merkadeau
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Name:
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Stuart
L. Merkadeau
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Title:
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Senior
Vice President,
General
Counsel and Secretary
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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 January 13, 2009.
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