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.