secwatch.observer — SEC 8-K summary
======================================

Issuer:     FORMFACTOR INC (FORM)
CIK:        0001039399
Form:       8-K
Filed at:   2026-01-09T23:59:59+00:00
Accession:  0001039399-26-000002
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.05, 2.06
LLM model:  deepseek-v4-flash:cloud@v2

FormFactor announces restructuring plan to consolidate CA facilities; expects $30-$40M charges
--------------------------------------------------------------------------------

- Restructuring consolidates Carlsbad and Baldwin Park facilities; 200–300 employees affected.
- Expected total GAAP charges $30M–$40M: $20–$25M facility impairment/exit, $9–$13M severance, $1–$2M contract termination.
- Cash expenditures of $10M–$15M; non-cash charges of $20M–$25M.
- Actions largely complete by end of December 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039399/000103939926000002/0001039399-26-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039399/000103939926000002/form-20260105.htm
  HTML page:      https://secwatch.observer/filing/0001039399-26-000002

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer