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KLIC > SEC Filings for KLIC > Form 8-K on 6-Oct-2009All Recent SEC Filings

Show all filings for KULICKE & SOFFA INDUSTRIES INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for KULICKE & SOFFA INDUSTRIES INC


6-Oct-2009

Temporary Suspension of Trading Under Registrant's Employee Benefi


Item 5.04 Temporary Suspension of Trading Under Registrant's Employee Benefit Plans.

Kulicke and Soffa Industries, Inc. (the "Company") is currently transitioning the administration of the Kulicke and Soffa Industries, Inc. Incentive Savings Plan (the "Plan") to a new service provider. In connection with this change, on September 30, 2009, the Company notified the Plan participants that during the blackout period (described below), they will temporarily be unable to exercise certain rights available under the Plan, including checking their Plan account balances, moving their Plan balances between investments, or requesting a distribution or loan from their Plan assets. The blackout period is expected to begin on November 9, 2009 and end during the calendar week of November 15, 2009 and is necessary to transition accounts and records from the existing Plan provider.

On October 6, 2009, the Company notified its directors and officers that, pursuant to Section 306 of the Sarbanes-Oxley Act of 2005 and Regulation BTR, they will be prohibited from purchasing, selling or otherwise acquiring or transferring common stock of the Company, directly or indirectly, during the blackout period. A copy of this notice is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

During the blackout period and for a period of two years after the ending date of the blackout period, a participant in the Plan, a security holder or other interested person may obtain, without charge, information regarding the blackout period by contacting David J. Anderson, Vice President and General Counsel by telephone at 215-784-6000 or by mail to David J. Anderson, 1005 Virginia Drive, Fort Washington, PA 19034.

Item 9.01   Financial Statements and Exhibits.

(d)      Exhibits.

Exhibit No.   Description

99.1          Notice to Directors and Executive Officers of Blackout
              Period Restrictions dated October 6, 2009.


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