|
Quotes & Info
|
| WEDC > SEC Filings for WEDC > Form 8-K/A on 2-Dec-2008 | All Recent SEC Filings |
2-Dec-2008
Costs Associated with Exit or Disposal Activities, Material Impai
On October 1, 2008, the Company filed the Initial Form 8-K related to its decision to dispose of the Display Systems Division ("DSD") approved by the Board of Directors on September 26, 2008. At the time of the filing of the Initial Form 8-K, the Company was unable in good faith to make a determination of an estimate or range of estimates required by paragraphs (b), (c) and (d) of Item 2.05 of Form 8-K with respect to this disposition. Pursuant to Item 2.05 of Form 8-K, the Company is now filing an amended Form 8-K to announce its determination of such estimates.
(b) At this time, the registrant's estimate is that there will be no significant cost for each major type of cost associated with the disposal of the business.
(c) At this time, the registrant's estimate is that there will be no significant cost to be incurred in connection with the disposal of this business. However, we are not able to estimate the income or loss on the operations until the date of disposal.
(d) The registrant's estimate of charges that will result in future cash expenditures is the cash expenditures in the normal course of business until the date of disposal which cannot be estimated at this time.
With respect to the disposal discussed in Item 2.05 above, the Company does not expect to incur a material impairment charge.
|
|