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Quotes & Info
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| MKSI > SEC Filings for MKSI > Form 8-K on 29-Jan-2009 | All Recent SEC Filings |
29-Jan-2009
Costs Associated with Exit or Disposal Activities
On January 26, 2009, MKS Instruments, Inc. (the "Company") committed to a plan of termination with respect to approximately 10% of its workforce. This decision was based on the overall economic slowdown, particularly in the semiconductor capital equipment industry. As a result, the Company expects to incur approximately $2.5 million in cash expenditures for severance and related costs, which the Company expects to record in the quarter ending March 31, 2009. The Company expects annual compensation-related savings of approximately $19 million as a result of these reductions.
Safe Harbor Language
This Report on Form 8-K contains projections or other forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995,
Section 27 of the Securities Act, and Section 21E of the Securities Exchange
Act. These projections or statements, including the charges to be incurred and
the compensation-related savings to be realized, are only predictions, and are
subject to the final terms of the various terminations. Actual events or results
may differ materially from those in the projections or other forward-looking
statements set forth herein. Among the important factors that could cause actual
events to differ materially from those in the projections or other
forward-looking statements are fluctuations in capital spending in the
semiconductor industry, fluctuations in net sales to MKS' major customers,
potential fluctuations in quarterly results, the challenges, risks and costs
involved with integrating the operations of MKS and any acquired companies,
dependence on new product development, rapid technological and market change,
acquisition strategy, manufacturing and sourcing risks, volatility of stock
price, international operations, financial risk management, and future growth
subject to risks. Readers are referred to MKS' filings with the Securities and
Exchange Commission, including its most recent Annual Report on Form 10-K and
most recent quarterly report on Form 10-Q, for a discussion of these and other
important risk factors concerning MKS and its operations. MKS is under no
obligation to, and expressly disclaims any obligation to, update or alter its
forward-looking statements, whether as a result of new information, future
events or otherwise.
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