Add
NSYS to Portfolio
Set Alert
Email to a
Friend
| |||
|
|
Quotes & Info
|
| NSYS > SEC Filings for NSYS > Form 8-K on 8-Jun-2009 | All Recent SEC Filings |
8-Jun-2009
Costs Associated with Exit or Disposal Activities, Financial Statements and E
On June 4, 2009, in response to deteriorating macroeconomic conditions, Nortech System, Incorporated (the "Company") announced that it will close its EMS facility in Garner, IA to better align its cost structure with customer demand. It is expected that this closure will be completed by August 2009 and will result in estimated pre-tax charges of $1 million to be recorded over the next two quarters. These charges include approximately $0.6 million in non-cash asset impairment charges and cash expenditures of $0.2 million for building related expenses and $0.2 million for other one time closing and relocation costs. A copy of this news release is attached hereto as Exhibit 99.
Exhibit No. Description
99 News Release dated June 4, 2009
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 8, 2009
/s/ Michael J. Degen
Michael J. Degen, President and Chief Executive Officer
|
|