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 20, 2007
Giga-tronics Incorporated
(Exact name of registrant as specified in its charter)
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| California
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0-12719
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94-2656341 |
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(State or other jurisdiction of
incorporation)
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(Commission File No.)
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(IRS Employer Identification
Number) |
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| 4650 Norris Canyon Road, San Ramon, CA
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94583 |
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| (Address of principal executive offices)
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(Zip Code) |
Registrant’s telephone number, including area code: (925) 328-4650
N/A
(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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
Item 2.05 Costs Associated with Exit or Disposal Activities.
(a) On April 20, 2007, Giga-tronics Inc. reduced its workforce by 10%.
(b) The costs accociated with this action include approximately $81,000 as a one-time termination
benefit.
(c) The total amount of costs are estimated to be $81,000.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers.
(b) On April 25, 2007, Giga-tronics Incorporated (the “Corporation”) announced that Daniel S.
Markowitz, President of Microsource Inc., had been released from his position as part of the
Corporation’s consolidation efforts.
9.01. Financial Statements and Exhibits
(c) Exhibits:
An exhibit index has been attached to this report and is incorporated herein by reference.
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