Item 8.01 Other Events

On January 5, 2009, Multi-Fineline Electronix, Inc. (the "Company") issued a news release updating its earnings guidance for the first quarter of fiscal 2009. The news release also announced that its Board of Directors had approved a stock repurchase program providing for the repurchase of up 2,250,000 shares in the aggregate of the Company's common stock on the open market. The timing, price and volume of repurchases will be based on market conditions, relevant securities laws and other factors. The stock repurchase program does not require the Company to repurchase any specific number of shares, and the Company may terminate the repurchase program at any time. Repurchases of common stock will be made under Rule 10b5-1 plans, which permit common stock to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. On January 7, 2009, the Company entered into the first of these repurchase plans, covering up to 562,500 shares. The Company expects to enter into additional repurchase plans from time to time covering the balance of such shares. A copy of this news release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information in this Item 8.01 of Form 8-K (including Exhibit 99.1) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1 News release updating the Company's earnings guidance for the first quarter of fiscal 2009 and announcing a stock repurchase program.

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