{"schema_version":"secwatch.filing_event.v1","accession":"0000056978-24-000042","form_type":"8-K","ticker":"KLIC","cik":"0000056978","company_name":"KULICKE & SOFFA INDUSTRIES INC","filed_at":"2024-03-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.652946+00:00","generated_at":"2026-06-05T00:09:43.476464+00:00","sec_items":["2.05","2.06","7.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Kulicke & Soffa expects $110M-$130M in pre-tax charges after customer cancels Project W","bullets":["Strategic customer cancels advanced display project; company ceases operations and begins wind-down.","Total pre-tax charges $110M-$130M: $49M-$53M inventory write-down, $44M-$48M long-lived asset impairments.","Cash costs include $3M-$5M termination benefits, $8M-$13M contract termination, $6M-$11M other.","Q2 FY2024 revenue guidance reaffirmed at $170M +/- $10M; cancellation reduces FY2024 revenue by ~$15M.","Company refocusing R&D on Thermo-compression, Vertical Fan-Out, Automotive, and Dispense markets."],"urls":{"canonical":"https://secwatch.observer/filing/0000056978-24-000042","json":"https://secwatch.observer/filing/0000056978-24-000042.json","markdown":"https://secwatch.observer/filing/0000056978-24-000042.md","text":"https://secwatch.observer/filing/0000056978-24-000042.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/56978/000005697824000042/0000056978-24-000042-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/56978/000005697824000042/klic-20240311.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T00:09:43.476464+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7089a28e46b57c40c3f708e3f146f3a938ae0ca0","claim":"KULICKE & SOFFA INDUSTRIES INC announced a restructuring with charges of $110 million and $130 million affecting advanced display market, Project W.","evidence_excerpt":"on March 11, 2024, the Company committed to a plan to cease operational activities and commence wind down activities concerning various aspects of the Project, as a result of which the Company expects to incur pre-tax charges, including impairments, in the range of $110 million and $130 million","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/56978/000005697824000042/0000056978-24-000042-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"$110 million and $130 million"},{"label":"Affected area","value":"advanced display market, Project W"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}