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VICR > SEC Filings for VICR > Form 8-K/A on 2-Feb-2009All Recent SEC Filings

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Form 8-K/A for VICOR CORP


2-Feb-2009

Costs Associated with Exit or Disposal Activities


Item 2.05. Costs Associated with Exit or Disposal Activities
On January 16, 2009, Vicor Corporation (the "Company") filed a Current Report on Form 8-K to report a plan of the Company to reduce its workforce by approximately six percent by the end of January 2009. The Company is filing this Form 8-K/A to amend the January 16, 2009 Form 8-K to update the information reported therein.
The workforce reduction has been substantially completed. The Company expects that it will incur a range of approximately $3.0 - $3.2 million in pre-tax charges in the first quarter of 2009 in connection with the workforce reduction, arising primarily out of severance and other employee-related costs that will involve cash payments made during 2009 based on each employee's respective length of service with the Company.


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