Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
SMSC > SEC Filings for SMSC > Form 8-K on 14-Jan-2009All Recent SEC Filings

Show all filings for STANDARD MICROSYSTEMS CORP | Request a Trial to NEW EDGAR Online Pro

Form 8-K for STANDARD MICROSYSTEMS CORP


14-Jan-2009

Costs Associated with Exit or Disposal Activities, Other Events, Finan


Item 2.05 Costs Associated with Exit or Disposal Activities.

As a result of global economic conditions and reduced demand for its products, on January 14, 2009 the Registrant committed to and announced a reduction in worldwide personnel of approximately 5-10% including a voluntary retirement incentive for most employees 55 years of age and older. The Registrant estimates that these measures will result in accounting charges in the amount of approximately $3-5 million, primarily in the fourth quarter of fiscal year 2009. The Registrant estimates that cash payments associated with these programs will also approximate $3-5 million and will most likely be made in the first quarter of fiscal year 2010; the Registrant expects these cost reduction activities to be completed during the first quarter of fiscal year 2010.



Item 8.01 Other Events.

A copy of the Registrant's press release announcing the activities in Item 2.05 herein and other matters is furnished with this 8-k and attached as Exhibit
99.1. Exhibit 99.1 attached hereto shall not be deemed "filed" for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing.



Item 9.01 Financial Statements and Exhibits.

( d ) Exhibits
99.1 Press Release dated January 14, 2009.


Top of the Form

  Add SMSC to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for SMSC - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.