UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 2, 2006
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Ibis Technology Corporation
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(Exact name of registrant as specified in its charter)
Massachusetts 0-23150 04-2987600
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
32 Cherry Hill Drive, Danvers, Massachusetts 01923
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (978) 777-4247
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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):
[ ] Written communications pursuant 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 8.01. OTHER EVENTS
On October 2, 2006, Ibis Technology Corporation announced that it has reached an
agreement in principle to settle the consolidated securities class action
litigation pending in the United States District Court of Massachusetts against
the Company and its President and CEO. A copy of the press release is being
furnished as Exhibit 99.1 to this Current Report on Form 8-K. This information
shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by
reference in any filing under the Securities Act of 1933, as amended, or the
Exchange Act, except as shall be expressly set forth by specific reference in
such a filing.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits
Exhibit 99.1. Press Release issued by Ibis Technology Corporation on
October 2, 2006.
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.
IBIS TECHNOLOGY CORPORATION
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Date: October 2, 2006 /s/ William J. Schmidt
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William J. Schmidt
Chief Financial Officer
EXHIBIT INDEX
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Exhibit
Number Description
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99.1 Press Release issued by Ibis Technology Corporation on October 2, 2006.