FormFactor 8-K 2005
Washington, D.C. 20549
Date of Report (Date of earliest event reported): July 19, 2005
(Exact name of Registrant as specified in its charter)
(State or other jurisdiction of incorporation)
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 1.02. Termination of a Material Definitive Agreement.
On July 19, 2005, FormFactor, Inc. provided notice to Spirox Corporation of the Companys intent to terminate the Authorized International Distributor Agreement, as amended (the Distributor Agreement), which was originally entered into between FormFactor and Spirox in June 2000. Consistent with a 90 day notice provision in the Distributor Agreement, the effective date of termination is October 17, 2005. The Company is transitioning to a direct sales model in Taiwan, following similar historical moves in Japan and Korea. The Distributor Agreement has previously provided (and until its termination will continue to provide) for Spirox to act as a non-exclusive distributor of the Companys products in Taiwan. Spirox will continue to be the sole independent distributor of FormFactor wafer probe cards in the Peoples Republic of China, the Philippines and Singapore, and will provide customer support to certain of the Companys customers in those regions. Sales to Spirox pursuant to the Distributor Agreement accounted for 20.0% of the Companys revenues in fiscal 2004 and 13.4% of its revenues in fiscal 2003.
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.