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
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Date of Report (Date of earliest event reported) June 3, 2008 |
QuickLogic Corporation
(Exact name of registrant as specified in its charter)
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Delaware |
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000-22671 |
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77-0188504 |
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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.) |
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1277 Orleans Drive, Sunnyvale, CA |
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94089-1138 |
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(Address of principal executive offices) |
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(Zip Code) |
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Registrant’s telephone number, including area code (408) 990-4000 |
N/A
(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. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o 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 June 3, 2008, QuickLogic Corporation (the “Company”) announced the completion of its Customer Specific Standard Product (“CSSP”) focused operational alignment. The CSSP focused operational alignment included a 17% reduction in headcount. The Company expects to incur non-cash impairment charges of $1.8 million to $2.4 million and one-time cash compensation expenses of approximately $500,000 between now and the end of the third quarter of 2008 in connection with the CSSP focused operational alignment.
On June 3, 2008, the Company issued a press release announcing the completion of the CSSP focused operational alignment, the text of which is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
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(d) |
Exhibits |
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Exhibit |
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99.1 |
Press Release dated June 3, 2008 |
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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 hereunto duly authorized.
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Date: June 3, 2008 |
QuickLogic Corporation |
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/s/Carl M. Mills |
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Carl M. Mills Vice President of Finance and Chief Financial Officer |
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EXHIBIT INDEX
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Exhibit |
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Number |
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99.1 |
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Press Release dated June 3, 2008 |
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