On April 29, 2009, FormFactor, Inc. announced that effective May 1, 2009, Dr. Igor Y. Khandros, founder and executive chairman of the board of directors, will retire from the company and the board of directors. Dr. Khandros will continue to serve as a key advisor to the company, leveraging his long experience and expertise in the development of wafer test solutions. FormFactor also announced that lead independent director James A. Prestridge will succeed Dr. Khandros as chairman beginning on May 1st.

In connection with Dr. Khandros' retirement, FormFactor and Dr. Khandros have entered into a separation agreement and mutual release effective as of May 1, 2009, which is included as Exhibit 10.01 to this Form 8-K, under which the company has agreed to accelerate the vesting of certain stock options to acquire 75,000 shares and to permit certain vested stock options to be exercisable until their expiration on May 10, 2013 or May 1, 2014, as applicable. FormFactor and Dr. Khandros have signed a general release and waiver of claims in favor of each other.

FormFactor and Dr. Khandros have also entered into a consulting agreement effective as of May 1, 2009, which is included as Exhibit 10.02 to this Form 8-K. Under the consulting agreement, Dr. Khandros has agreed to provide advice and counsel to the company as requested by the company's chairman of the board of directors for a quarterly fee of $75,000. The consulting agreement has a one year term.

FormFactor issued a press release regarding Dr. Khandros' retirement, which is included as Exhibit 99.01 to this Form 8-K.

Item 9.01.                Exhibits.



Exhibit
Number                          Exhibit Title or Description
 10.01      Separation Agreement and Mutual Release between FormFactor, Inc. and
            Dr. Igor Y. Khandros
 10.02      Consulting Agreement between FormFactor, Inc. and Dr. Igor Y.
            Khandros
 99.01      Press Release dated April 29, 2009