Item 8.01 Other Events
On January 15, 2013, Mattson Technology, Inc. (the "Company") announced the
finalization of plans for Phase IV of its cost-reduction program, which
primarily entails a broad reduction in force across all areas of the Company.
The total estimated reduction in annual operating expenses for all four phases
of the cost-reduction program is expected to be $30 million. Combined with the
ongoing gross margin improvement efforts, the Company's cash flow breakeven
point is expected to be reduced to the mid to high $20 million quarterly net
sales level by the end of Q1 2013.
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