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| VOL > SEC Filings for VOL > Form 8-K on 10-Jun-2009 | All Recent SEC Filings |
10-Jun-2009
Results of Operations and Financial Condition, Costs Associated w
The information in this Form 8-K, including the Exhibit attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.
On June 10, 2009, the Company issued a press release announcing its results of operations for the six months and second quarter ended May 3, 2009. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.
The Company anticipates taking restructuring charges in its Staffing Services and Computer Systems segments aggregating approximately $2.0 million during its third fiscal quarter as a result of the current macroeconomic conditions. This anticipated charge includes severance and associated labor costs, leased facilities and asset write-offs.
The Company believes that upon the completion of these restructuring activities, there will be a potential savings in cost of sales achieved through reduced employee expenses, reduced operating costs and improved operational efficiencies, as well as reduced selling, general and administrative operating expenses.
(a) Financial statements of businesses acquired:
Not applicable.
(b) Pro forma financial information:
Not applicable.
(c) Exhibits:
99.1 Volt Information Sciences, Inc. Press Release dated June 10, 2009.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 10, 2009 By: /s/ Jack Egan
Jack Egan, Chief Financial Officer
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