Item 2.05 Costs Associated with Exit or Disposal Activities
On October 14, 2008, Unica Corporation (the "Company") approved a plan (the
"Plan") to implement a strategic reduction of its workforce designed to
streamline its organization and improve its corporate operating performance. The
Company expects to reduce its workforce in the first quarter of the Company's
2009 fiscal year by approximately 4%. The reduction is expected to be completed
in the first quarter of fiscal year 2009.
In connection with the Plan, the Company expects to incur pre-tax restructuring
charges in the first quarter of fiscal year 2009 in the range of approximately
$600,000 to $800,000, substantially all of which will be in cash for one-time
termination benefits to employees. In addition, the Company anticipates that the
reduction will reduce its ongoing operating expenses by approximately $600,000
in the first quarter of fiscal 2009 and by approximately $2.8 million for the
full fiscal year 2009.
Forward-looking Statements
Information provided in this Current Report on Form 8-K contains forward-looking
statements, including but not limited to statements regarding the expected costs
of the Company's plan to reduce workforce. These forward looking statements are
only predictions based on current information and expectations and are subject
to certain risks and uncertainties, including the Company's ability to implement
the plan. Subsequent events may cause these expectations to change, and the
Company disclaims any obligation to update or revise the forward-looking
statements in the future. More information about potential factors that could
affect the Company's business and financial results is set forth in the
Company's most recent Annual Report on Form 10-K and most recent Quarterly
Report on Form 10-Q. These filings are available on a web site maintained by the
SEC at http://www.sec.gov.
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