-----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, FB28BrbQcKMJP2fO/EAakina9ZGsoPt4wqUdH3a73dTSxTsW1C6dcHvJHkWB8lXq BeJ5VgEJhqFAb1LQcEIfRQ== 0001047469-03-001470.txt : 20030115 0001047469-03-001470.hdr.sgml : 20030115 20030115143616 ACCESSION NUMBER: 0001047469-03-001470 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021106 ITEM INFORMATION: Other events FILED AS OF DATE: 20030115 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COHERENT INC CENTRAL INDEX KEY: 0000021510 STANDARD INDUSTRIAL CLASSIFICATION: LABORATORY ANALYTICAL INSTRUMENTS [3826] IRS NUMBER: 941622541 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-05255 FILM NUMBER: 03514785 BUSINESS ADDRESS: STREET 1: 5100 PATRICK HENRY DR CITY: SANTA CLARA STATE: CA ZIP: 95054 BUSINESS PHONE: 4087644000 MAIL ADDRESS: STREET 1: 5100 PATRICK HENRY DRIVE STREET 2: MAIL STOP P38 CITY: SANTA CLARA STATE: CA ZIP: 95054 FORMER COMPANY: FORMER CONFORMED NAME: COHERENT RADIATION DATE OF NAME CHANGE: 19770604 8-K 1 a2100845z8-k.htm FORM 8-K

 

 

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): November 6, 2002

 

COHERENT, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

 

94-1622541

(State or other jurisdiction of

 

(I.R.S. Employer

incorporation or organization)

 

Identification No.)

 

5100 Patrick Henry Drive, Santa Clara, California 95054

(Address of principal executive offices) (Zip Code)

 

(408) 764-4000

(Registrant’s telephone number, including area code)

 

[Not Applicable]

(Former Name or Former Address, if Changed Since Last Report.)

 

 

 

Item 5.  Other Events

 

On November 6, 2002, Coherent, Inc. (Coherent, we or our) decided to terminate the activities of our Coherent Telecom Actives Group (CTAG).  Based on new market information and insights and the status of our development projects at CTAG obtained subsequent to September 28, 2002, we determined that our return on investment for at least the next several years would have been unsatisfactory and, therefore, additional investments were no longer justified.  We expect to record an estimated after-tax restructuring and impairment charge of $8.0 to $10.0 million ($13.0 to $15.0 million before income taxes) in the first quarter of fiscal 2003.  The charge results primarily from the write-down of equipment to net realizable value, an accrual for the estimated contractual obligation for lease and other facility costs of the building formerly occupied by CTAG and the write-down of our option to purchase Picometrix, Inc.  The charge will be included in continuing operating results in the first quarter of fiscal 2003 rather than in discontinued operations as previously communicated during the conference call for the fourth quarter of fiscal 2002.

 

 

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.

 

 

 

COHERENT, INC.

 

 

 

Date:  January 15, 2003

By:

/s  SCOTT H. MILLER

 

 

Senior Vice President and General Counsel

 

 

 

 

 

 

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