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| ALOG > SEC Filings for ALOG > Form 8-K on 6-Aug-2009 | All Recent SEC Filings |
6-Aug-2009
Costs Associated with Exit or Disposal Activities, Other Events, Financial Statemen
On July 31, 2009, Analogic Corporation (the "Registrant") committed to vacate a portion of its leased facility in Canton, MA. The Registrant vacated approximately 50% of the leased space, which was no longer being utilized due to consolidation of certain operations into the Registrant's Peabody, MA facility. The action was completed on July 31, 2009. Accordingly, the Registrant expects to incur a charge of approximately $1.0 million in the fourth fiscal quarter of 2009, which represents the ongoing lease payments for the vacated portion, net of estimated sublease income, over the remainder of the lease term, which ends in September 2011. The full text of a press release issued in connection with the commitment to vacate is attached as Exhibit 99.1 to this Current Report on Form 8-K.
On August 5, 2009, the Registrant announced a reduction in its workforce by 6% worldwide, or 85 positions, which will result in a restructuring charge for severance and related costs of approximately $2.1 million in the fourth fiscal quarter of 2009. The full text of the press release issued in connection with the announcement is attached as Exhibit 99.1 to this Current Report on Form 8-K.
The information in Items 2.05 and 8.01 and the Exhibit attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as expressly set forth by specific reference in such a filing.
(d) Exhibits
Exhibit No. Description
99.1 Press Release dated August 5, 2009
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