8-K 1 c09674e8vk.htm FORM 8-K e8vk
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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
November 2, 2006
 
Date of report (Date of earliest event reported)
HUTCHINSON TECHNOLOGY INCORPORATED
 
(Exact Name of Registrant as Specified in its Charter)
         
Minnesota   0-14709   41-0901840
         
(State of Incorporation)   (Commission File Number)   (I.R.S. Employer
Identification No.)
     
40 West Highland Park Drive N.E.,
Hutchinson, Minnesota 		 
55350
     
(Address of Principal Executive Offices)   (Zip Code)
(320) 587-3797
 
(Registrant’s Telephone Number, Including Area Code)
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 (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))
 
 

 

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Item 2.02 Results of Operations and Financial Condition.
Item 8.01 Other Events.
Item 9.01 Financial Statements and Exhibits.
SIGNATURES
Press Release
Press Release

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Item 2.02 Results of Operations and Financial Condition.
On November 2, 2006, we issued a press release presenting our results of operations for the fiscal quarter and year ended September 24, 2006, which is furnished as Exhibit 99.1 hereto. We have elected early application of Staff Accounting Bulletin 108 (“SAB 108”) that was recently released by the Securities and Exchange Commission, and Exhibit 99.1 hereto includes a summary of quarterly results with SAB 108 adjustments.
The press release regarding our results of operations for the fiscal year ended September 24, 2006 includes presentations of non-GAAP financial measures of (i) net income and net income per share for fiscal year 2006 excluding an increase to operating income of $5,000,000 resulting from the resolution of a dispute with a former supplier and (ii) net income and net income per share for fiscal year 2005 excluding a tax benefit resulting from a refund, with interest, of certain Minnesota corporate income taxes paid for the years 1995 through 1999 and the reversal of a related tax reserve, offset in part by an adjustment to the carrying value of net operating loss carryforwards. For each non-GAAP measure, the press release also provides the most directly comparable GAAP measure and a reconciliation of the non-GAAP measure to the GAAP measure. Management believes that the non-GAAP measures provide useful information to investors regarding our results of operations and financial condition because they eliminate unusual items impacting earnings and facilitate a more meaningful comparison and understanding of our operating performance for the current, past and future periods. Management uses these non-GAAP measures to monitor and evaluate ongoing operating results and trends and to gain an understanding of our comparative operating performance.
Item 8.01 Other Events.
On November 2, 2006, we issued a press release regarding the product launch of our Inspectra™ StO2 Tissue Oxygenation Monitor, which is filed as Exhibit 99.2 hereto.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release dated November 2, 2006 regarding results of operations for the fiscal quarter and year ended September 24, 2006
99.2 Press Release dated November 2, 2006 regarding the product launch of our Inspectra™ StO2 Tissue Oxygenation Monitor

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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.
         
  HUTCHINSON TECHNOLOGY INCORPORATED
 		  
Date: November 2, 2006  /s/ John A. Ingleman    
  John A. Ingleman   
  Vice President and Chief Financial Officer   
 

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