---
schema_version: "secwatch.filing_event.v1"
accession: "0000056978-25-000061"
form_type: "8-K"
ticker: "KLIC"
cik: "0000056978"
company_name: "KULICKE & SOFFA INDUSTRIES INC"
filed_at: "2025-06-09T23:59:59+00:00"
generated_at: "2026-05-19T17:40:58.941891+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Kulicke & Soffa declassifies board with phased annual elections through 2029; terminates $150M facility

## Summary
- Terminated $150M overdraft facility with MUFG Bank; no outstanding balance and no early termination penalties.
- Board approved bylaw amendment to declassify the board, phasing in annual director elections over four years.
- Starting 2026 annual meeting, each expiring director will be elected for one-year terms; full annual elections by 2029.
- Existing multi-year directors continue until their terms expire; Board vacancies filled until next election.
- Amended and restated bylaws effective June 5, 2025.

## SEC filing metadata
- accession: 0000056978-25-000061
- form_type: 8-K
- ticker: KLIC
- cik: 0000056978
- company_name: KULICKE & SOFFA INDUSTRIES INC
- filed_at: 2025-06-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/56978/000005697825000061/0000056978-25-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/56978/000005697825000061/klic-20250605.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000056978-25-000061
- JSON: https://secwatch.observer/filing/0000056978-25-000061.json
- Plain text: https://secwatch.observer/filing/0000056978-25-000061.txt

## Key facts
- Governance Changes
  KULICKE & SOFFA INDUSTRIES INC: Declassified the Board to provide for annual election of all directors phased in over four years, with full annual elections beginning 2029 (effective 2025-06-05).
  - Change: bylaw amendment
  - Effective: 2025-06-05
  source text: On June 5, 2025, the Board of Directors (the “ Board ”) of Kulicke and Soffa Industries, Inc. (the “ Company ”) approved an amendment and restatement of the Company’s Amended and Restated By-Laws (as so amended and restated, the “ By-Laws ”) to declassify the Board and provide for the annual election of all directors, phased in over a four-year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/56978/000005697825000061/0000056978-25-000061-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.