{"schema_version":"secwatch.filing_event.v1","accession":"0001039399-25-000077","form_type":"8-K","ticker":"FORM","cik":"0001039399","company_name":"FORMFACTOR INC","filed_at":"2025-07-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.172443+00:00","generated_at":"2026-05-17T22:44:57.100973+00:00","sec_items":["1.01","2.02","2.03","5.03","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"FormFactor Q2 revenue $195.8M beats outlook; non-GAAP EPS $0.27; Q3 rev ~$200M","bullets":["Q2 revenue $195.8M (+14.3% QoQ, -0.8% YoY); GAAP EPS $0.12; non-GAAP EPS $0.27.","Non-GAAP gross margin 38.5% missed outlook due to unfavorable mix and HBM DRAM ramp costs.","Free cash flow negative -$47.1M driven by acquisition of Farmers Branch manufacturing facility.","Secured new $150M revolving credit facility maturing July 2030 with $25M incremental term loan option.","Q3 guidance: revenue ~$200M (±$5M), non-GAAP EPS ~$0.25 (±$0.04), slightly higher gross margin."],"urls":{"canonical":"https://secwatch.observer/filing/0001039399-25-000077","json":"https://secwatch.observer/filing/0001039399-25-000077.json","markdown":"https://secwatch.observer/filing/0001039399-25-000077.md","text":"https://secwatch.observer/filing/0001039399-25-000077.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1039399/000103939925000077/0001039399-25-000077-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1039399/000103939925000077/form-20250729.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T22:44:57.100973+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":"db3ce18c9e5636e673826b940286bf36f5d3f3dc","claim":"FORMFACTOR INC incurred revolving credit of up to $150,000,000 with Wells Fargo Bank, National Association, as Administrative Agent maturing July 29, 2030.","evidence_excerpt":"“Administrative Agent”), and the lenders party thereto from time to time. The Credit Agreement provides for a revolving credit facility in an aggregate principal amount of up to $150,000,000 (the “Facility”) with an option to draw additional Incremental Term Loans in $25,000,000 increments. The Facility has a maturity date of July 29, 2030. The Facility may be used","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039399/000103939925000077/0001039399-25-000077-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $150,000,000"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association, as Administrative Agent"},{"label":"Maturity","value":"July 29, 2030"},{"label":"Event","value":"incurrence"}]},{"claim_id":"4b5ca660b4fee7049e6b146c1879f186bc698268","claim":"FORMFACTOR INC: Amended and Restated By-laws adopted, updating stockholder meeting procedures, advance notice provisions for universal proxy rules, uncertificated shares, disinterested director and transaction requirements, and administrative updates (effective 2025-07-29).","evidence_excerpt":"On July 29, 2025, the Board of Directors of FormFactor adopted Amended and Restated By-laws (the “Amended Bylaws”) of FormFactor. The amendments contained in the Amended Bylaws (i) update certain procedures for stockholder meetings, (ii) update provisions for advance notice of stockholder business and nominations to comply with all the requirements of Rule 14a-19 under the Securities Exchange Act of 1934, as amended, (iii) provide for uncertificated shares, (iv) modify the requirements pertaining to disinterested directors and transactions, and (v) make administrative and ministerial language updates.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039399/000103939925000077/0001039399-25-000077-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2025-07-29"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}