|
Quotes & Info
|
| ALDA > SEC Filings for ALDA > Form 8-K on 21-Aug-2009 | All Recent SEC Filings |
21-Aug-2009
Regulation FD Disclosure
Aldila, Inc. (the "Company") has announced plans to close its Tijuana, Mexico facility. This action was announced to the Company's Tijuana employees on August 20, 2009, after a decision on August 19, 2009 by the Company's Board of Directors.
The Company currently employs approximately 100 people at its Tijuana, Mexico facility. This planned closure is a business necessity, driven by existing market conditions and because the Company currently has excess capacity. The Company's facilities in Asia have the tooling and capabilities to manufacture what was being manufactured in Mexico. The planned action in no way reflects on the performance of the Company's employees at the Mexico facility. The planned action is expected to be subject to the severance requirements of Mexican employment law. The Mexico facility is occupied under a lease which is scheduled to terminate in January 2010.
The Company is presently unable in good faith to make a determination of an estimate of the amount or range of amounts of costs expected to be incurred in connection with these actions, nor the amount or range of amounts that will result in future cash expenditures. The Company will disclose estimates of the amount, type and timing of such costs and cash expenditures promptly after they are determined.
The information in this Form 8-K furnished under Item 7.01 shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liability of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of the general incorporation language of such filing, except as shall be expressly set forth by specific reference in such filing.
|
|