-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GbLFyUl8zij+/13MdeQV201B6EBgDKZJ3geApssy6HVWerLfk6HkHBqMLwSPF12f REfDWV9CmIbPsY1U6IeDrw== 0000950134-06-001125.txt : 20060125 0000950134-06-001125.hdr.sgml : 20060125 20060125161545 ACCESSION NUMBER: 0000950134-06-001125 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060119 ITEM INFORMATION: Cost Associated with Exit or Disposal Activities ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20060125 DATE AS OF CHANGE: 20060125 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOMERA COMMUNICATIONS INC CENTRAL INDEX KEY: 0001094243 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065] IRS NUMBER: 770521878 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27843 FILM NUMBER: 06549854 BUSINESS ADDRESS: STREET 1: 301 S. NORTHPOINT DRIVE CITY: COPPELL STATE: TX ZIP: 75019 BUSINESS PHONE: 972-304-5660 MAIL ADDRESS: STREET 1: 301 S. NORTHPOINT DRIVE CITY: COPPELL STATE: TX ZIP: 75019 8-K 1 d32353e8vk.htm FORM 8-K e8vk
 

 
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): January 19, 2006
SOMERA COMMUNICATIONS, INC.
(Exact name of registrant as specified in its charter)
         
Delaware   000-27843   77-0521878
(State or other jurisdiction
of incorporation) 		  (Commission File Number)   (I.R.S. Employer Identification No.)
     
301 S. Northpoint Drive, Coppell, Texas   75019
(Address of principal executive offices)   (Zip Code)
Registrant’s telephone number, including area code: (972) 304 - 5660
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

 

Item 2.05. Costs Associated with Exit or Disposal Activities.
     On January 19, 2006, Somera Communications, Inc. (the “Registrant”) determined that the Registrant will undertake a series of operational rebalancing actions including a reduction in workforce, consolidation of facilities and the reduction of other overhead costs.
     In the first quarter of 2006, the Registrant expects to complete the elimination of 70-80 positions and to record related severance charges of $1.5M to $2.0M. The Registrant expects to incur other costs in the first quarter of 2006 related to the rebalancing efforts, including costs relating to the rationalization of leasehold premises. Additionally, our revenue plans for 2006 have been revised downward in conjunction with our decision to rebalance our business. We will therefore be assessing the carrying value of other assets of our business, including inventory and fixed assets. We may incur additional charges in the first quarter of 2006 as a result of this assessment. An estimate of the amounts related to leasehold premises and asset values has yet to be fully evaluated and is therefore not determinable at this time.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
     On January 24, 2006 and effective as of that date, Jay Hilbert and Scott Willis are no longer employed by the Registrant. Mr. Hilbert was the Registrant’s Senior Vice President, Marketing and Sales and Mr. Willis was the Registrant’s Senior Vice President, Global Services. The Registrant has retained Messrs. Hilbert and Willis to provide consulting services and serve on the Registrant’s advisory board.

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Signature
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
         
  SOMERA COMMUNICATIONS, INC.
 		  
  By:   /s/ David W. Heard    
    David W. Heard   
    President and Chief Executive Officer   
 
Date: January 25, 2006

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