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): | October 25, 2011 |
Illumina, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
| Delaware | 000-30361 | 33-0804655 |
| _____________________ (State or other jurisdiction | _____________ (Commission | ______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 9885 Towne Centre Drive, San Diego, California | 92121-1975 | |
| _________________________________ (Address of principal executive offices) | ___________ (Zip Code) |
| Registrant’s telephone number, including area code: | (858) 202-4500 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.05 Costs Associated with Exit or Disposal Activities.
On October 25, 2011, Illumina, Inc. (the "Company") announced restructuring plans to reduce its global workforce by approximately 200 employees, or approximately 8%. These steps are being taken to better align the Company’s organization and cost structure in consideration of uncertainties associated with academic and government research funding and the global economic environment. As a result of the reductions, the Company expects to record a restructuring charge, comprised primarily of compensation and benefits afforded to terminated employees, of approximately $15 - 17 million, the majority of which will be recorded in the fourth quarter of fiscal 2011. The Company anticipates that the actions associated with the reductions will be substantially completed during 2011 and that cash expenditures for restructuring related charges will be substantially completed during 2011.
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.
| Illumina, Inc. | ||||
| October 26, 2011 | By: | Christian G. Cabou | ||
| Name: Christian G. Cabou | ||||
| Title: Senior Vice President & General Counsel | ||||