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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
May 15, 2009
Commission File Number: 333-137664
Avago Technologies Finance Pte. Ltd.
(Translation of registrant’s name into English)
Republic of Singapore
(Jurisdiction of incorporation or organization)
1 Yishun Avenue 7
Singapore 768923
Tel: (65) 6755-7888
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
þ Form 20-F ¨ Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
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EXHIBIT 99.1 |
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Item 2.05 | Costs Associated with Exit or Disposal Activities |
On May 14, 2009, Avago Technologies Finance Pte. Ltd. (the “Company”) announced further reductions in its worldwide workforce of up to 200 employees. Since the beginning of fiscal year 2009, Avago Finance has cut its workforce by approximately 475 employees or 13 percent through attrition and restructuring.
The Company expects to record charges of approximately $8 million to $10 million, which will be primarily cash charges, for the latest reduction. Approximately $3 million to $5 million of these charges will be reflected in the financial results for the third quarter of fiscal 2009, ending August 2, 2009. The remainder will be included in the financial results for fourth quarter of fiscal 2009, ending November 1, 2009.
The foregoing description is qualified in its entirety by reference to the Registrant’s release dated May 14, 2009, a copy of which is attached hereto as Exhibit 99.1.
The information contained in this Report on Form 6-K, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference to such filing.
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Item 9.01. | Financial Statements and Exhibits |
(d) | Exhibits. |
Exhibit No. | Description | |
99.1 | Release distributed by Avago Technologies Finance Pte. Ltd. on May 14, 2009 entitled “Avago Technologies Finance Announces Continued Workforce Reductions” |
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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, thereunto duly authorized.
Date: May 15, 2009
Avago Technologies Finance Pte. Ltd. | ||
By: | /s/ Douglas R. Bettinger | |
Name: | Douglas R. Bettinger | |
Title: | Senior Vice President and Chief Financial Officer |
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