Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Departure of Certain Executive Officers
Pursuant to the 60-day notice period required under any applicable Worker
Adjustment and Retraining Notification ("WARN") Act, on
On
Item 8.01 Other Events. Reduction in Force
Pursuant to the 60-day notice period required under any applicable WARN Act, on
The Company does not expect to incur material charges in connection with this action, and the Company may incur costs not currently contemplated due to events that may occur as a result of, or that are associated with, this action.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, about the
Company that involve substantial risks and uncertainties. All statements other
than statements of historical facts contained in this Current Report on Form 8-K
are forward-looking statements. In some cases, you can identify forward-looking
statements because they contain words such as "expect," "may," "will," "could"
or "believes" or the negative of these words or other similar terms or
expressions. Forward-looking statements in this Current Report on Form 8-K
include, but are not limited to, the anticipated employment termination date or
dates for employees and executive officers, potential strategic alternatives for
the Company, progress and results of strategic alternatives, and anticipated
charges and costs in connection with this reduction. The forward-looking
statements in this Current Report on Form 8-K are only predictions. The Company
has based these forward-looking statements largely on its current expectations
and projections about future events and financial trends that it believes may
affect its business, financial condition and results of operations.
Forward-looking statements involve known and unknown risks, uncertainties and
other important factors that may cause its actual results, performance or
achievements to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements, including
the important factors discussed in the sections entitled "Risk Factors" of the
Company's Quarterly Report on Form 10-Q for the quarter ended
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