---
schema_version: "secwatch.filing_event.v1"
accession: "0001039399-21-000078"
form_type: "8-K"
ticker: "FORM"
cik: "0001039399"
company_name: "FORMFACTOR INC"
filed_at: "2021-09-29T23:59:59+00:00"
generated_at: "2026-06-29T00:35:58.581057+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# FormFactor adopts restructuring plan with $8-10.5M charges; expects $3-4M annual savings

## Summary
- Charges $8.0-$10.5M GAAP, including $1-1.5M inventory impairments, $3.5-4.5M contract/lease term costs, $2-2.5M facility exit costs, $1-2M severance.
- $4.4M of charges expected in Q3 of current fiscal year.
- Cash expenditures $6.5-8M; non-cash $1.5-2.5M.
- Annual cost reduction of $3-4M once fully implemented; actions largely complete by end Dec 2022.
- Consolidating manufacturing facilities for Probe Cards and Systems segments; relocating US locations to new Livermore factory and to Germany/Asia.

## SEC filing metadata
- accession: 0001039399-21-000078
- form_type: 8-K
- ticker: FORM
- cik: 0001039399
- company_name: FORMFACTOR INC
- filed_at: 2021-09-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1039399/000103939921000078/0001039399-21-000078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1039399/000103939921000078/form-20210925.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001039399-21-000078
- JSON: https://secwatch.observer/filing/0001039399-21-000078.json
- Plain text: https://secwatch.observer/filing/0001039399-21-000078.txt

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