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 4, 2007
FORMFACTOR, INC.
(Exact name of Registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
000-50307 |
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13-3711155 |
(Commission |
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(IRS Employer |
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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 5.02. Departure of Directors or Certain Officers.
On January 4, 2007, FormFactor, Inc. announced the resignation of Joseph R. Bronson, its President and a member of the Office of the Chief Executive, effective as of January 5, 2007. Mr. Bronson also resigned from the Board of Directors of the company effective as of January 5, 2007. A copy of the related press release issued by the company is attached as an exhibit to this Form 8-K and is incorporated herein by reference.
Item 9.01. Exhibits.
Exhibit |
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Exhibit Title or Description |
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99.01 |
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Press release dated January 4, 2007. |
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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: January 5, 2007 |
FORMFACTOR, INC. |
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By: |
/s/ |
STUART L. MERKADEAU |
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Stuart L. Merkadeau |
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Senior Vice President, |
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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 4, 2007. |
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EXHIBIT 99.01
Contact: |
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FormFactor, Inc. |
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Ron C. Foster |
Investor Relations |
Chief Financial Officer |
Brooke Deterline / Annie Leschin |
(925) 290-4024 |
(925) 290-4949 |
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ir@formfactor.com |
FormFactor Announces Organization Change With Resignation of President
Livermore, CA January 4, 2007 FormFactor, Inc. (Nasdaq: FORM) announced today that Joseph R. Bronson, the companys President and a member of the Office of the Chief Executive, has decided to leave the company to pursue other interests. Mr. Bronson also resigned from the Board of Directors of the company. With Mr. Bronsons departure, the company is changing its management structure to eliminate the Office of the Chief Executive. Dr. Igor Y. Khandros will continue to serve as the chief executive officer of the company and will assume the responsibilities previously handled by Mr. Bronson in the president role. Mr. Bronson will continue to be available in a consulting role to the companys executive management following his resignation. Mr. Bronsons resignation is effective as of January 5, 2007.
Dr. Khandros stated The company expresses its thanks to Joe Bronson for his past contributions and accomplishments. Joe, who served as a company Board member since 2002, joined the company in 2004 as its president to help better focus the companys business execution, financial performance, business infrastructure and processes, and organizational development. During Joes tenure the company significantly grew revenues, began executing an infrastructure and processes roadmap to enable sustainable growth, and implemented company-wide programs to develop and grow organizations both domestically and overseas. All of us in the company wish Joe well with his future endeavors.
Mr. Bronson added I came to FormFactor to position the company to achieve its strategic growth objectives. I have been fortunate to work with CEO and founder, Igor Khandros, these past two years, together enabling the company to continue to achieve significant growth. With a solid business foundation and strategic roadmap in place, I am confident FormFactor will continue to realize its outstanding growth potential.
Forward-Looking Statements
Statements in this press release that are not strictly historical in nature are forward-looking statements within the meaning of the federal securities laws, including statements regarding operations, business potential and momentum, and future growth. These forward-looking statements are based on current information and expectations that are inherently subject to change and involve a number of risks and uncertainties. Actual events or results might differ materially from those in any forward-looking statement due to various factors, including, but
not limited to, the companys ability to execute on its strategic roadmaps; to deploy and improve infrastructure, processes and programs for enabling growth domestically and overseas and for meeting customer and industry requirements; to continue to ramp its factory capacity and increase production efficiencies and yields in its manufacturing operations; to develop and deliver innovative technologies and enforce its intellectual property rights; and to drive its product development pipeline and support multiple growth drivers in its customers businesses. Additional information concerning factors that could cause actual events or results to differ materially from those in any forward-looking statement is contained in the companys Form 10-K for the fiscal year ended December 31, 2005 and the companys subsequent 10-Q and 8-K filings, which the company files with the Securities and Exchange Commission (SEC). Copies of the companys SEC filings are available at http://investors.formfactor.com/edgar.cfm. The company assumes no obligation to update the information in this press release, to revise any forward-looking statements or to update the reasons actual results could differ materially from those anticipated in forward-looking statements.
About FormFactor
Founded in 1993, FormFactor, Inc. (Nasdaq: FORM) is the leader in advanced wafer probe cards, which are used by semiconductor manufacturers to electrically test ICs. The companys wafer sort, burn-in and device performance testing products move IC testing upstream from post-packaging to the wafer level, enabling semiconductor manufacturers to lower their overall production costs, improve yields, and bring next-generation devices to market. FormFactor is headquartered in Livermore, California with operations in Europe, Asia and North America. For more information, visit the companys web site at www.formfactor.com.
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FormFactor is a registered trademark of FormFactor, Inc.