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
May 20, 2014
Date of Report (Date of Earliest Event Reported)
Hutchinson Technology Incorporated
(Exact name of Registrant as Specified in its Charter)
Minnesota | 001-34838 | 41-0901840 |
| (State or other jurisdiction | (Commission File | (IRS Employer |
| of Incorporation) | Number) | Identification No.) |
| 40 West Highland Park Drive N.E., Hutchinson, Minnesota, 55350 |
| (Address of principal executive offices) |
(320) 587-3797
(Registrant's Telephone Number, Including Area Code)
(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 (see General Instruction A.2):
[ ] 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))
On May 20, 2014, we announced that we are taking actions to further reduce costs and preserve cash, including a reduction of our U.S. workforce by approximately 100 positions by the end of July 2014. We expect our financial results for our fiscal third quarter ending June 28, 2014 to include a severance charges of approximately $1.3 million related to these actions. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release dated May 20, 2014.
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.
| Hutchinson Technology Incorporated |
| |
| Date: May 20, 2014 | /s/ DAVID P. RADLOFF |
| | David P. Radloff |
| | Vice President and Chief Financial Officer |
| | |
EXHIBIT INDEX
| Exhibit No. | Description | Manner of Filing |
| 99.1 | Press Release dated May 20, 2014. | Filed Electronically |
