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 the earliest event reported): August 7, 2006
NEUROCRINE BIOSCIENCES, INC.
(Exact name of registrant as specified in its charter)
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| Delaware
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0-22705
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33-0525145 |
(State or other
jurisdiction of
incorporation or
organization)
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(Commission File
Number)
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(IRS Employer Identification
No.) |
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| 12790 El Camino Real, San Diego, CA
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92130 |
| (Address of principal executive offices)
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(Zip Code) |
Registrant’s telephone number, including area code: (858) 617-7600
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:
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 August 7, 2006, Neurocrine Biosciences, Inc. (the “Company”) announced staff reductions of
approximately 100 employees at its San Diego campus, as part of its restructuring program to
prioritize its research and development programs. As a result, the Company communicated to affected
employees a plan of organizational restructuring (the “Plan”) through involuntary terminations. In
connection with the Plan, the Company expects to incur expenses of approximately $3.6 million
related to this staff reduction during the third quarter of 2006, consisting of one-time
termination benefits which includes salary continuation, outplacement services and other benefit
costs paid out in cash during the third quarter of 2006.