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AEIS > SEC Filings for AEIS > Form 8-K on 12-Mar-2009All Recent SEC Filings

Show all filings for ADVANCED ENERGY INDUSTRIES INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for ADVANCED ENERGY INDUSTRIES INC


12-Mar-2009

Regulation FD Disclosure


Item 7.01 Regulation FD Disclosure.
On March 12, 2009, Advanced Energy Industries, Inc (the Company) announced that in response to the continued weakness of the current business environment, the Company was implementing further reorganization of its structure to reflect changes in anticipated levels of business. The actions are being taken both to further reduce costs of operations and to streamline the organization going forward.
The Company will reduce approximately 22 percent of its global workforce through reductions-in-force and begin implementation of the restructuring actions this quarter. The actions are expected to be complete by the second quarter of 2009 and the Company expects to record severance pay expenses of approximately $2.5 million, which will result in cash expenditures primarily recorded in the current and next quarter. The full text of the Company's press release is attached hereto as Exhibit 99.1
Item 9.01 Financial Statements and Exhibits.
(d) The following exhibit is furnished pursuant to Item 7.01:

99.1 Press release dated March 12, 2009 by Advanced Energy Industries, Inc.


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