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): April 10, 2007
ELECTRO SCIENTIFIC INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
OREGON 0-12853 93-0370304
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
13900 NW Science Park Drive, Portland, Oregon 97229
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (503) 641-4141
No Change
(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 2.02. Results of Operations and Financial Condition.
On April 10, 2007, Electro Scientific Industries, Inc. (the "Company")
announced its financial results for the third quarter of fiscal year 2007. The
Company's press release announcing this event is attached hereto as Exhibit 99.1
and incorporated herein by reference.
Item 8.01. Other Events
On April 10, 2007, the Company announced that its Board of Directors
authorized on March 9, 2007 the repurchase of up to $50 million in shares of the
Company's outstanding common stock during the nine-month period following the
Company's announcement of its financial results for the third quarter of fiscal
2007. The repurchases will occur from time to time as market conditions warrant
through transactions in the open market or in negotiated transactions with
brokers or shareholders.
The Company expects that the share purchase transactions will be
effected pursuant to a plan in conformity with Rule 10b5-1 under the Securities
Exchange Act of 1934. This rule allows public companies to adopt written,
pre-arranged stock trading plans when they do not have material, non-public
information in their possession. The adoption of this stock trading plan will
allow the Company to repurchase its shares during periods when it otherwise
might be prevented from doing so under insider trading laws or because of
self-imposed trading blackout periods.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Press release dated April 10, 2007
SIGNATURE
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.
Date: April 10, 2007
Electro Scientific Industries, Inc.
By /s/ John Metcalf
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John Metcalf
Senior Vice President of Administration,
Chief Financial Officer and Corporate Secretary
EXHIBIT INDEX
Exhibit Description
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99.1 Press release dated April 10, 2007.