Aruba Networks 8-K 2008
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
November 14, 2008
ARUBA NETWORKS, INC.
(Exact name of registrant as specified in its charter)
1344 Crossman Ave.
Sunnyvale, CA 94089
(Address of principal executive offices, including zip code)
(Registrants telephone number, including area code)
(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):
Item 2.02 Results of Operations and Financial Condition.
On November 20, 2008, Aruba Networks, Inc. (Aruba) issued a press release reporting selected financial results for the three months ended October 31, 2008. The press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
This information shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
The press release refers to certain non-GAAP financial measures. A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is contained in the press release.
Item 2.05 Costs Associated with Exit or Disposal Activities.
On November 14, 2008, Arubas Board of Directors approved a plan to reduce Arubas costs. To streamline operations, Aruba is reducing its operating expenses by approximately 10%, through a combination of a reduction in work force and reducing other non-headcount related expenditures. These cost reduction measures are expected to be completed by November 21, 2008. Net expense associated with the reduction in workforce, which is primarily for severance and severance benefits, is expected to total approximately $1.2 million, which Aruba expects to incur in the fiscal second quarter.
Item 9.01 Financial Statements and Exhibits
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.