- Current report filing (8-K)
February 20 2009 - 11:29AM
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 the earliest event reported)
|
February
20, 2009
|
FARO
TECHNOLOGIES, INC.
(Exact
Name of Registrant as Specified in Its Charter)
Florida
|
0-20381
|
59-3157093
|
(State
or Other Jurisdiction
|
(
Commission
File
|
(IRS
Employer
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of
Incorporation)
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Number)
|
|
125
Technology Park, Lake Mary, Florida
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32746
|
(Address
of Principal Executive Offices)
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(Zip
Code)
|
|
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(407)
333-9911
(Registrant’s
Telephone Number, Including Area Code)
(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:
¨
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230
.425)
|
¨
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
¨
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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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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
|
On
February 20, 2009, FARO Technologies, Inc. (the “Company”) announced a global
reduction in force driven by ongoing economic weakness and a continued lack of
near-term visibility for the business. The reduction, effective
immediately, affects approximately 7% of the Company’s workforce with the
largest cuts coming from manufacturing and administrative
functions. The Company expects to save approximately $4.5 million on
an annualized basis and will incur a first quarter 2009 charge of approximately
$0.5 million related to severance costs, all of which will be paid in the first
quarter of 2009.
A copy of
the press release announcing the reduction in force is attached hereto as
Exhibit 99.1.
Item
9.01
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Financial
Statements and Exhibits.
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(d)
Exhibits.
99.1 Press
Release dated February 20, 2009
Signature
Pursuant to the requirements of the
Securities Exchange Act of 1934, the Company has duly caused this report to be
signed on its behalf by the undersigned thereunder duly authorized.
|
FARO Technologies,
Inc.
(Registrant)
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|
|
|
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Date:
February 20,
2009
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/s/ Jay
Freeland
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Jay
Freeland
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|
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Chief
Executive Officer
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EXHIBIT
INDEX
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|
Exhibit No.
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Description
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99.1
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Press
Release dated February 20,
2009
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