FORMFACTOR INC — fact timeline

FORMFACTOR INC: Amended certificate of incorporation to add officer exculpation provisions permitted by Delaware law and remove inoperative language about board classification and 2024 annual meeting reference (effective 2026-05-15).

“At the Annual Meeting, the Company’s stockholders approved an amendment to the Company’s Amended and Restated Certificate of Incorporation (the “2026 Amended and Restated Certificate”) to provide for the exculpation of certain officers of the Company as permitted by Delaware law.”

FORMFACTOR INC reported the first quarter of fiscal 2026 ended March 28, 2026 results: revenue $226.1 million, net income $20.4 million, EPS $0.26 per fully-diluted share. Guidance raised.

“Quarterly revenues were $226.1 million, an increase of 5.1% compared to $215.2 million in the fourth quarter of fiscal 2025, and an increase of 32.0% from $171.4 million in the first quarter of fiscal 2025.”

FORMFACTOR INC announced a restructuring with charges of Restructuring charges primarily related to impairment of leasehold improvements, facility exits, severance, retention and other employee-related costs, and cont affecting Carlsbad, California and Baldwin Park, California (approximately 200 to 300 employees).

“On January 5, 2026, FormFactor, Inc. (“we”, “the Company” or “FormFactor”) adopted restructuring plans that are intended to better align cost structure and support gross margin improvement to the Company’s target financial model, while also aligning manufacturing capabilities with current and anticipated business needs and the Company's strategic priorities. As part of this restructuring plan, the Company is consolidating the manufacturing facilities located in Carlsbad, California and Baldwin Park, California. As a result, we have incurred, or expect to incur, personnel-related costs to sever or retain approximately 200 to 300 employees. We expect the actions defined under these plans will be largely completed by the end of December 2026, except facilities charges, which may extend beyond that time. The restructuring plans are expected to result in the Company recording restructuring charges in the aggregate amount of approximately $30 to $40 million on a GAAP basis, estimated to be c”

FORMFACTOR INC incurred revolving credit of up to $150,000,000 with Wells Fargo Bank, National Association, as Administrative Agent maturing July 29, 2030.

““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”

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).

“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.”

FORMFACTOR INC reported first quarter of fiscal 2024 ended March 30, 2024 results: revenue $168.7 million, net income $21.8 million, EPS $0.28.

“Quarterly revenues were $168.7 million, an increase of 0.3% compared to $168.2 million in the fourth quarter of fiscal 2023, and an increase of 0.8% from $167.4 million in the first quarter of fiscal 2023.”