ZBRA » Topics » Note 14-Subsequent Event

This excerpt taken from the ZBRA 10-K filed Feb 29, 2008.

Note 21 Subsequent Event

On February 6, 2008, Zebra announced plans to establish regional distribution and configuration centers, consolidate our supplier base, and transfer final assembly of thermal printers to Jabil Circuit, a global third-party electronics manufacturer. These actions are intended to optimize our global printer product supply chain by improving responsiveness to customer needs and increasing Zebra’s flexibility to meet emerging business opportunities.

The transfer of final printer assembly operations from Zebra’s plants in California and Illinois to Jabil’s facility in HuangPu, China, will occur during the next 18 to 24 months. During this period, we estimate that 650 production-related positions will be eliminated. We will continue to maintain operations in California and Illinois, including engineering design centers, product management, sales, marketing and administration.

This supply chain optimization plan will result in estimated total costs and charges of $24-$26 million for severance, professional services and other associated non-recurring costs. Of these charges, Zebra expects to incur approximately $18 million in 2008, with the remaining amount occurring in 2009. The recovery of these costs and expected financial benefits are expected to begin to accrue in 2009.

 

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Table of Contents
This excerpt taken from the ZBRA 10-Q filed Nov 8, 2006.

Note 14—Subsequent Event

On October 4, 2006, Zebra acquired all of the outstanding stock of Swecoin AB, a leading supplier of thermal receipt, ticket and document printers for use in kiosks and other unattended printing applications, for a total of $4,186,000, which includes the repayment of all outstanding debt. Swecoin is based in Stockholm, Sweden, with a U.S. office in Rhode Island.

 

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EXCERPTS ON THIS PAGE:

10-K
Feb 29, 2008
10-Q
Nov 8, 2006

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