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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 15, 2009
TTM TECHNOLOGIES, INC.
(Exact Name of Registrant as Specified in its Charter)
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Delaware
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0-31285
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91-1033443 |
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(State or Other
Jurisdiction of Incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.) |
2630 South Harbor Boulevard, Santa Ana, CA 92704
(Address of principal executive offices) (Zip Code)
Registrants Telephone Number, Including Area Code: (714) 327-3000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a- 12 under the Exchange Act (17 CFR 240.14a- 12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
TABLE OF CONTENTS
Item 2.05 Costs Associated with Exit or Disposal Activities
On January 15, 2009, TTM Technologies, Inc. (TTM) announced its plan to close its Redmond,
Washington facility and lay off approximately 370 employees at this site. TTM intends to transfer
printed circuit board (PCB) production from its Redmond facility to other company sites in
California, Connecticut, Utah and Wisconsin.
In addition, TTM will lay off about 140 employees at various other U.S. facilities. The plant
closure and headcount reductions are primarily due to the global economic downturn, which has
weakened demand for commercial PCBs.
TTM will offer separation and other benefits to the affected employees. The company expects to
record approximately $4.1 million in separation, asset impairment and disposal costs related to
this restructuring primarily in the first quarter of 2009. In addition to transferring assets to
other sites, the company also will sell some of the Redmond property, plant and equipment.
A copy of TTMs press release announcing the closure is attached hereto as Exhibit 99.1 and is
incorporated by reference.
Item 9.01 Financial Statements and Exhibits
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Exhibits |
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99.1 |
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Press Release, dated January 15, 2009, entitled TTM Technologies, Inc. Announces Closure of
Redmond, Washington Facility |
SIGNATURES
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.
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Date: January 16, 2009 |
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TTM TECHNOLOGIES, INC. |
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By:
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/s/ Steven W. Richards
Steven W. Richards
Executive Vice President and Chief Financial
Officer
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