-----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, O7qXHNK8wQGOL+kIMxUgb02msjpOSSqnVBMQtxIgrMSGc/Brq8d0lcJ3+lt/g4sU bsYJNAy2wniPsECqxMStoQ== 0000950137-08-003472.txt : 20080310 0000950137-08-003472.hdr.sgml : 20080310 20080310154103 ACCESSION NUMBER: 0000950137-08-003472 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080305 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080310 DATE AS OF CHANGE: 20080310 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LITTELFUSE INC /DE CENTRAL INDEX KEY: 0000889331 STANDARD INDUSTRIAL CLASSIFICATION: SWITCHGEAR & SWITCHBOARD APPARATUS [3613] IRS NUMBER: 363795742 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20388 FILM NUMBER: 08677722 BUSINESS ADDRESS: STREET 1: 800 E NORTHWEST HWY CITY: DES PLAINES STATE: IL ZIP: 60016 BUSINESS PHONE: 7088241188 MAIL ADDRESS: STREET 1: 800 E. NORTHWEST HWY CITY: DES PLAINES STATE: IL ZIP: 60016 8-K 1 c24700e8vk.txt CURRENT REPORT UNITED STATES 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): MARCH 5, 2008 LITTELFUSE, INC. (Exact Name Of Registrant As Specified In Charter) DELAWARE 0-20388 36-3795742 (State of Incorporation) (Commission File No.) (I.R.S. Employer Identification No.)
800 East Northwest Highway, Des Plaines, IL 60016 (Address of principal executive offices, including zip code) (847) 824-1188 (Registrant's telephone number, including area code) Not applicable (Former name or address, if changed since last report) 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 (see General Instruction A.2 below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 8.01 OTHER EVENTS On March 5, 2008, Littelfuse, Inc. announced its plans to transfer its semiconductor assembly and test operation from Matamoros, Mexico to China. The press release announcing the transfer is attached as Exhibit 99.1 to this current report on Form 8-K and incorporated herein by reference. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS Exhibit 99.1 Press Release dated March 5, 2008. -2- 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 hereunto duly authorized. LITTELFUSE, INC. (Registrant) Date: March 10, 2008 /s/ Philip G. Franklin ---------------------------------------- Philip G. Franklin Vice President, Operations Support and Chief Financial Officer -3- EXHIBIT INDEX 99.1 Press Release dated March 5, 2008. -4-
EX-99.1 2 c24700exv99w1.txt PRESS RELEASE EXHIBIT 99.1 (LITTELFUSE LOGO) NEWS Littelfuse, Inc. 800 East Northwest Highway Des Plaines, IL 60016 NEWS RELEASE (847) 824-1188 - (847) 391-0894 - FAX # CONTACT: PHILIP G. FRANKLIN VICE PRESIDENT, OPERATIONS SUPPORT & CFO (847) 391-0566 LITTELFUSE TO MOVE MATAMOROS, MEXICO MANUFACTURING TO CHINA DES PLAINES, ILLINOIS, MARCH 5, 2008 - Littelfuse, Inc. (NASDAQ/NGS:LFUS) today announced plans to transfer its semiconductor assembly and test operation from Matamoros, Mexico to China in a phased transition over two years. Upon completion of the transfer, the Matamoros facility will be closed. The project is expected to generate approximately $7.4 million in annual savings once the transition is complete. This move will result in pre-tax restructuring charges and transition charges of approximately $6.3 million. Approximately $5.0 million of this amount will be recorded in the first quarter of 2008, with the remainder to be recorded throughout the transition period. Manufacturing operations will be consolidated into the company's existing assembly and test facility in Wuxi, China and subcontractors located in China. When the transfer is completed, semiconductor assembly and test operations will be in the same location as the company's new Wuxi wafer fabrication operation, which is scheduled to start production in the first quarter of 2009. "Combining assembly, testing and wafer fabrication into one facility will increase efficiency and reduce manufacturing costs," said Gordon Hunter, Chief Executive Officer of Littelfuse. "We are committed to making this transition as seamless as possible for our customers. As part of that commitment, we will maintain continuous production capabilities for all products throughout the move." The Matamoros facility produces thyristor surge protection and power control devices. Littelfuse acquired the Matamoros operation in 2003 through its acquisition of Teccor Electronics Corporation. Approximately 950 employees in Matamoros will be affected by the move. "This was a difficult decision given that Matamoros employees have been a significant part of our growth and success," said Hunter. "However, we believe this move is in the best interest of our company, our customers and our shareholders over the long term." -more- Page 2 About Littelfuse As the worldwide leader in circuit protection products and solutions with annual sales of $536.1 million in 2007, the Littelfuse portfolio is backed by industry leading technical support, design and manufacturing expertise. Littelfuse products are vital components in virtually every product that uses electrical energy, including automobiles, computers, consumer electronics, handheld devices, industrial equipment, and telecom/datacom circuits. Littelfuse offers Teccor(R), Wickmann(R) and Pudenz(R) brand circuit protection products. In addition to its Des Plaines, Illinois, world headquarters, Littelfuse has sales, distribution, manufacturing and engineering facilities in Brazil, China, England, Germany, Hong Kong, India, Ireland, Japan, Korea, Mexico, the Netherlands, the Philippines, Singapore, Taiwan and the U.S. For more information, please visit Littelfuse's web site at www.littelfuse.com. "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. This press release may include statements that constitute "forward looking statements" within the meaning of federal securities regulations and the Private Securities Litigation Reform Act of 1995. Any forward looking statements contained herein involve risks and uncertainties, including, but not limited to, product demand and market acceptance risks, the effect of economic conditions, the impact of competitive products and pricing, product development and patent protection, commercialization and technological difficulties, capacity and supply constraints or difficulties, exchange rate fluctuations, actual purchases under agreements, the effect of the company's accounting policies, labor disputes, restructuring costs in excess of expectations and other risks that may be detailed in the company's Annual Report on Form 10-K for the fiscal year ended December 29, 2007 under the heading "Risk Factors" and elsewhere in the company's other Securities and Exchange Commission filings. These forward looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, and the company cautions you not to place undue reliance on these forward looking statements as a number of important factors could cause actual future results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward looking statements. The company assumes no obligation to update this forward-looking information, except as required by law. ###
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