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TSRA > SEC Filings for TSRA > Form 8-K on 13-Aug-2013All Recent SEC Filings

Show all filings for TESSERA TECHNOLOGIES INC | Request a Trial to NEW EDGAR Online Pro



Costs Associated with Exit or Disposal Activities, Regulation FD Disclos

Item 2.05. Costs Associated with Exit or Disposal Activities

On August 12, 2013, Tessera Technologies, Inc. (the "Company") announced that it sold a significant portion of the assets of the Company's Micro-Optics business based in Charlotte, North Carolina.
In connection with the sale of the Micro-Optics business, the Company expects to incur total exit and disposal costs in the range of approximately $2.0 million to $2.5 million in the third quarter of 2013, which represent severance costs, all of which will be cash expenditures.
In the second quarter of 2013, the Company started classifying the Micro-Optics business in Charlotte, North Carolina as discontinued operations and the severance costs described above will be included in discontinued operations in the third quarter of 2013.

Item 7.01. Regulation FD Disclosure

On August 12, 2013, the Company issued a press release announcing the sale of a significant portion of the assets of the Company's Micro-Optics business based in Charlotte, North Carolina. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein.
The information contained in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

No. Description

99.1 Press Release, dated August 12, 2013

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