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): May 7, 2007

KULICKE AND SOFFA INDUSTRIES, INC.

(Exact Name of Registrant as Specified in Charter)

Pennsylvania
(State or Other Jurisdiction
of Incorporation) 000-00121
(Commission File Number) 23-1498399
(I.R.S. Employer
Identification No.)

1005 Virginia Drive, Fort Washington, PA
(Address of Principal Executive Offices) 19034
(Zip Code)

Registrant’s telephone number, including area code: (215) 784-6000

(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 (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

	Item 1.01 Entry into Material Definitive Agreement.
	Item 9.01 Financial Statements and Exhibits.
SIGNATURE
EXHIBIT INDEX
Agreement for Commitment to Make Plan Sufficient for Plan Benefits, effective May 7, 2007

Item 1.01 Entry into Material Definitive Agreement.

     On February 13, 2007, upon recommendation of the audit committee of the board of directors of Kulicke and Soffa Industries, Inc. (the “Company”), the Company’s board approved the termination of the Kulicke and Soffa Industries, Inc. Retirement Income Plan (the “Plan”), subject to the approvals of the Pension Benefit Guaranty Corporation and the Internal Revenue Service. The proposed termination date is July 31, 2007. The Plan has been frozen since December 31, 1995. The Company and the Plan have entered into an Agreement for Commitment to Make Plan Sufficient for Plan Benefits (the “Agreement”) effective as of May 7, 2007 to provide that the Company will pay to the Plan, on or before the date prescribed for distribution of Plan assets by the Plan administrator, the amount necessary, if any, to ensure that on the date the Plan administrator distributes the assets of the Plan, the Plan is able to provide all Plan benefits. The Company currently expects that its costs to terminate the Plan will be approximately $4.0 million. A copy of the Agreement is filed as Exhibit 99.1 to this report and is incorporated into this Item 1.01 as if fully set forth herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description
99.1	Agreement for Commitment to Make Plan Sufficient for Plan Benefits, effective May 7, 2007.

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.

	KULICKE AND SOFFA INDUSTRIES, INC.
May 10, 2007	By:	/s/ C. Scott Kulicke
	Name:	C. Scott Kulicke
	Title:	Chief Executive Officer

EXHIBIT INDEX

Exhibit No.	Description
99.1	Agreement for Commitment to Make Plan Sufficient for Plan Benefits, effective May 7, 2007.

EX-99.1

Exhibit 99.1

Agreement for Commitment to Make Plan
Sufficient for Plan Benefits

     This agreement, by and between Kulicke and Soffa Industries, Inc. (the “Company”) and Kulicke and Soffa Industries, Inc. Retirement Income Plan (the “Plan”) shall be effective as of the last date executed.

     WHEREAS, the Plan is an employee pension benefit plan as described in section 3(2)(A) of the Employee Retirement Income Security Act of 1974 (“ERISA”), 29 U.S.C. 1001-1461; and

     WHEREAS, the Company is a corporation; and

     WHEREAS, the Company is a contributing sponsor of the Plan, or a member of the contributing sponsor’s controlled group, as described in section 4001(a)(13) and (14) of ERISA, 29 U.S.C. 1301(2)(13) and (14); and

     WHEREAS, the Plan is covered by the termination insurance provisions of Title IV of ERISA, 29 U.S.C. 1301-1461; and

     WHEREAS, the Plan administrator has issued or intends to issue to each affected party a notice of intent to terminate the Plan, pursuant to section 4041(a)(2) of ERISA, 29 U.S.C. 1341(a)(2); and

     WHEREAS, the Company wishes the Plan to be sufficient for plan benefits, as described in 29 CFR §4041.2; and

     WHEREAS, the parties understand that if the Plan is not able to satisfy all its obligations for plan benefits, it will not be able to terminate in a standard termination under section 4041(b) of ERISA, 29 U.S.C. 1341(b); and

     WHEREAS, the Company is not a debtor in a bankruptcy or other insolvency proceeding;

     NOW, THEREFORE, the parties hereto agree as follows:

     1.     The Company promises to pay to the Plan, on or before the date prescribed for distribution of Plan assets by the plan administrator, the amount necessary, if any, to ensure that, on the date the plan administrator distributes the assets of the Plan, the Plan is able to provide all plan benefits.

     2.     For the sole purpose of determining whether the Plan is sufficient to provide all plan benefits, an amount equal to the amount described in paragraph 1 shall be

deemed a Plan asset available for allocation among the participants and beneficiaries of the Plan, in accordance with section 4044 of ERISA, 29 U.S.C. 1344.

     3.     This Agreement shall in no way relieve the Company of its obligations to pay contributions under the Plan.

		KULICKE AND SOFFA INDUSTRIES, INC.
Date:	May 7, 2007	By:	/s/ C. Scott Kulicke
		Name:	C. Scott Kulicke
		Title:	Chief Executive Officer
		KULICKE AND SOFFA INDUSTRIES, INC. RETIREMENT INCOME PLAN
Date:	May 7, 2007	By:	/s Michael Lutz
		Name:	Michael Lutz
		Title:	Plan Administrator