cohu20151029_8k.htm

 

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):

  

October 27, 2015

 

 

Cohu, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

 

 

Delaware 

001-04298

95-1934119

_____________________
(State or other jurisdiction

_____________
(Commission

______________
(I.R.S. Employer

of incorporation)

File Number)

Identification No.)

   

  

  

12367 Crosthwaite Circle, Poway, California 

  

92064

_________________________________
(Address of principal executive offices)

  

___________
(Zip Code)


Registrant’s telephone number, including area code:

  

858-848-8100

 

Not Applicable
______________________________________________
Former name or former 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: 

 

[  ]  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 2.02 Results of Operations and Financial Condition.

 

On October 29, 2015, Cohu, Inc. (the "Company") issued a press release regarding its financial results for the third quarter ended September 26, 2015. The Company’s press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein.

 

The information in this Item 2.02 of this Current Report on Form 8-K and the Exhibit attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (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 or the Exchange Act, regardless of any general incorporation language in such filing.

 

In addition to financial results determined in accordance with generally accepted accounting principles (“GAAP”), the earnings press release also contains financial information determined by methods other than in accordance with GAAP. The Company’s management uses these non-GAAP measures in their analysis of the Company’s performance. These non-GAAP financial measures adjust the Company's actual results prepared under GAAP to exclude charges and the related income tax effect for share-based compensation, the amortization of acquired intangible assets, manufacturing transition costs, employee severance costs, and asset impairment. These non-GAAP measures are not meant as a substitute for GAAP, but are included solely for informational and comparative purposes. The Company's management believes that this information can assist investors in evaluating the Company’s operational trends, financial performance, and cash generating capacity. Management believes these non-GAAP measures allow investors to evaluate the Company’s financial performance using some of the same measures as management. These disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

(a) On October 27, 2015, the Company’s Executive Chairman, James A. Donahue informed the Board of Directors (the “Board”) of his intention to retire from that role effective at the close of business on December 24, 2015. The Board determined that Mr. Donahue should continue to serve as a member of the Board and appointed him to serve as the Chairman on a non-executive, non-employee basis effective on the date of his retirement from the position of Executive Chairman.

 

Item 9.01 Financial Statements and Exhibits.

 

The exhibit listed below is being furnished with this Current Report on Form 8-K.

 

(d) Exhibits

 

Exhibit No. - 99.1

 

Description – Third Quarter 2015 Earnings Release, dated October 29, 2015, of Cohu, Inc.

 

 
 

 

 

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.

 

 

  

 Cohu, Inc.

   

  

  

October 30, 2015 

 By:

/s/ Jeffrey D. Jones

  

  

 

  

  

 Name: Jeffrey D. Jones

  

  

 Title: VP Finance and Chief Financial Officer

 

 
 

 

 

Exhibit Index

 

Exhibit No.

  

Description

99.1

  

Third Quarter 2015 Earnings Release, dated October 29, 2015, of Cohu, Inc.