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): January 21, 2009
BROOKS AUTOMATION, INC.
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
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| 0-25434
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04-3040660 |
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| (Commission File Number)
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(IRS Employer Identification No.) |
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| 15 Elizabeth Drive, Chelmsford, MA
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01824 |
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| (Address of principal executive offices)
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(Zip Code) |
Registrant’s telephone number, including area code (978) 262-2400.
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c)) |
TABLE OF CONTENTS
ITEM 2.05 Costs Associated with Exit or Disposal Activities
On January 21, 2009, Brooks Automation, Inc. (“Brooks” or the “Company”) began a plan of
termination in connection with a restructuring of its operations designed to enhance performance
and improve operating results. Brooks is combining its formerly separate vacuum pump and robotic
product groups into a single Critical Solutions Group. This move will simplify the Company’s
organizational structure, reduce facility and overhead requirements and more effectively leverage
the overall capabilities of the two Chelmsford, Massachusetts-based groups. During and after the
Company’s second quarter of fiscal 2009, the Company expects to eliminate approximately 350
positions, which will reduce its global workforce by approximately twenty percent. Brooks
currently expects to complete the reduction in force prior to the end of the third quarter of
fiscal 2009.
Brooks
expects to incur approximately $10 to $12 million in cash charges related to the reduction
in force, of which approximately $4.1 million will be recognized in the first quarter of fiscal
2009 and the significant majority of the balance in the second quarter of fiscal 2009.
Substantially all of these expected charges are the result of severance and other workforce
reduction costs.
A copy of the press release announcing the restructuring is attached hereto as Exhibit 99.1.
ITEM
5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers
Effective
January 23, 2009, in connection with the restructuring described above, the
employment of Michael W. Pippins, formerly President of Brooks’
Automation Systems Group, terminated.
ITEM 9.01 Financial Statements and Exhibits
(d) Exhibits
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99.1
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Press release issued on January 26, 2009, by Brooks Automation, Inc. |