-----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, A76zmb6bNIafggiGTNykPig/+g/QWMPD3SZOdtgWyNFMnKNflP7z3K0PutU5lTHv B6UpRKR9VcMeeRHwmfYXtg== 0000898430-02-002882.txt : 20020809 0000898430-02-002882.hdr.sgml : 20020809 20020808213038 ACCESSION NUMBER: 0000898430-02-002882 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020808 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: FILED AS OF DATE: 20020809 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MULTILINK TECHNOLOGY CORP CENTRAL INDEX KEY: 0001114068 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 954522566 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-31851 FILM NUMBER: 02723654 BUSINESS ADDRESS: STREET 1: 300 ATRIUM DR STREET 2: 2ND FLR CITY: SOMERSET STATE: NJ ZIP: 08873 BUSINESS PHONE: 7325373700 MAIL ADDRESS: STREET 1: 300 ATRIUM DR CITY: SOMERSET STATE: NJ ZIP: 08873 8-K 1 d8k.htm MULTILINK TECHNOLOGIES - 8-K Prepared by R.R. Donnelley Financial -- Multilink Technologies - 8-K
 
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): August 8, 2002
 

 
MULTILINK TECHNOLOGY CORPORATION
(Exact name of Registrant as specified in its Charter)
 
California
(State or Other Jurisdiction
of Incorporation or Organization)
 
000-31851
(Commission
File Number)
 
95-4522566
(I.R.S. Employer
Identification No.)
 
300 Atrium Drive, 2nd Floor
Somerset, New Jersey
(Address of Principal Executive Offices)
 
08873
(Zip Code)
 
 
Registrant’s telephone number, including area code: (732) 537-3700
Not Applicable
(Former Name or Former Address, if Changed since Last Report)
 
 


 
Item 7.    Exhibits.
 
(a) Not Applicable.
 
(b) Not Applicable.
 
(c) Exhibits.
 
      Exhibit 99.1    Press Release dated August 8, 2002 of the Registrant.
 
Item 9.    Regulation FD Disclosure.
 
On August 8, 2002, Multilink Technology Corporation issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

2


SIGNATURES
 
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, hereunto duly authorized.
 
       
MULTILINK TECHNOLOGY CORPORATION
Date: August 8, 2002
     
By:
 
/s/    Richard N. Nottenburg        

               
Name: Richard N. Nottenburg
Title: President and Chief Executive Officer
 
 
 

3


 
EXHIBIT INDEX
 
Exhibit Number

  
Description

99.1
  
Press Release dated August 8, 2002, of the Registrant.

4
EX-99.1 3 dex991.htm PRESS RELEASE DATED AUGUST 8, 2002 Prepared by R.R. Donnelley Financial -- Press Release dated August 8, 2002
EXHIBIT 99.1
BUSINESS UPDATE
**For Immediate Release**
 
Multilink Technology Corporation
Announces Corporate Realignment and Co-Chairman’s
Departure
 
Somerset, New Jersey U.S.A. – August 8, 2002 – Multilink Technology Corporation (Nasdaq: MLTC) announced today that it has commenced a corporate realignment program in order to create a more efficient cost structure and realign its business to reflect the current market environment. The corporate realignment program will commence during the third quarter of 2002 and is expected to be substantially complete by the end of the year.
 
The corporate realignment program will entail the following:
 
 
 
Multilink will reduce by approximately 40 to 45 percent its 329-member worldwide workforce by the end of 2002. The employee reductions will impact all organizations and locations within the company
 
 
Multilink will consolidate facilities through the closure of certain locations, and will reduce the level of activity at other locations
 
 
Multilink expects to record restructuring charges of approximately $13 to $15 million during the third quarter of 2002. The charges will include severance costs related to the reduction in workforce, exit costs for the consolidation of facilities and potential asset impairment charges predominantly related to development software licenses, computer hardware and leasehold improvements
 
 
Multilink expects to realize annual net savings of approximately $16 to $18 million, beginning in the first quarter of 2003.
 
“Although the decision to significantly reduce our workforce was extremely difficult to make, it is intended to right-size our corporate resources and focus our personnel on our key business strategies with the objective of maximizing shareholder value,” stated Dr. Richard Nottenburg, Multilink’s Chairman, President and Chief Executive Officer.
 
Senior Management Change
 
Multilink also announced today the planned departure of Dr. Jens Albers, Co-Chairman and Executive Vice President of Multilink. Dr. Albers, a co-founder and significant shareholder in the company, who is a recognized expert in fiber-optic communication, until recently was responsible for the company’s European operations and product realization activities. Effective immediately, Dr. Albers will retire from his full-time position as an officer and director of Multilink, but will remain


with the company until December 31, 2002, to assist with the transition and serve in an advisory capacity to Dr. Nottenburg.
 
Dr. Albers stated, “While I am departing at year-end to pursue other opportunities, I remain keenly interested in Multilink’s success and am an avid supporter of the company. I feel privileged to have had the opportunity to work with the great group of individuals at Multilink.”
 
Dr. Nottenburg responded, “Jens is a good friend and has been an asset to Multilink since its inception. His expertise was instrumental to our growth and product portfolio expansion. Jens has exciting interests on the horizon and, while we will miss him, we wish him only the best in his future endeavors.”
 
Earnings Conference Call
 
Additional details the corporate realignment program will be provided during Multilink’s earnings conference call to be held on August 13, 2002, at 5:00 pm EDT. The conference call will be broadcast over the Internet. To listen to the call, please visit Multilink’s web-site at http://www.mltc.com and then select Investor Relations and the link to ‘Earnings Announcement’ approximately ten minutes before the start of the call. Please note that it will be necessary to have Windows Media Player installed on your computer to listen to the call and that this will be available for downloading from the Multilink site. A replay of the call, in it’s entirety, will be available on the website for approximately seven days following the live call.
 
About Multilink:
 
Multilink Technology Corporation designs, develops and markets advanced-mixed-signal integrated circuits, modules, VLSI products and higher-level assemblies designed to enable the next generation of high-speed optical networking systems. By providing our customers with sophisticated products developed by utilizing systems level expertise and a high level of component integration, we facilitate our customers’ ability to meet their time-to-market requirements. Our products span the markets from Metro to Ultra Long Haul optical transport equipment with a focus on the fastest commercially available speeds of 10 Gb/s and higher. Multilink is headquartered in Somerset, New Jersey with additional offices located throughout North America and Europe.
 
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
 
This release and our comments during the conference call may contain forward-looking statements that are based on our current expectations, estimates and projections about our industry, and reflect management’s beliefs and certain assumptions made by us based upon information available to us at this time. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “may,” “will” and variations of these words or similar expressions are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These statements speak only as of the date hereof. Such information is subject to change, and we will not necessarily inform you of such changes. These statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.
 
Our Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss some of the


important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
 
For more information, please contact:
Richard Sawchak, Director of Investor and Public Relations
Multilink Technology Corporation
300 Atrium Drive, Second Floor
Somerset, New Jersey 08873-4105
Tel:    (732) 537-3776
Fax:    (732) 537-3781
Email:    rsawchak@mltc.com
 
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