8-K 1 a06-10588_28k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

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): April 27, 2006

 

SYMMETRICOM, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

 

000-02287

 

95-1906306

(State or other jurisdiction
of Incorporation)

 

(Commission File Number)

 

(I.R.S. Employer Identification
Number)

 

2300 Orchard Parkway, San Jose, California  95131-1017

(Address of principal executive offices, including zip code)

 

(408) 433-0910

(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))

 

 


 

Item 7.01: Regulation FD Disclosure.

 

On a previously announced investor conference call held on April 27, 2006, we announced plans for the closure of the contract manufacturing work conducted at our Puerto Rico facility.  Symmetricom’s Telecom Solution Division revenues contain an “other” category that is related to this contract manufacturing work.  We anticipate exiting this non-core business during fiscal 2007 and reallocating the manufacturing resources accordingly.  Revenues for this segment were $9.8 million and $9.5 million for fiscal 2005 and 2004, respectively.  Gross profit was $1.6 million and $1.4 million for fiscal 2005 and 2004, respectively.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Date:  April 27, 2006.

By:

/s/ Thomas W. Steipp

 

 

 

Thomas W. Steipp

 

 

President and Chief Executive Officer

 

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