WWW.EXFILE.COM, INC. -- 888-775-4789 -- DATAWATCH CORPORATION -- FORM 8-K
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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 2,
2009
(Exact
Name of Registrant as Specified in Its Charter)
Delaware
(State or
Other Jurisdiction of Incorporation)
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000-19960
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02-0405716
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(Commission File
Number)
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(IRS Employer
Identification No.)
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Quorum Office Park 271
Mill Road Chelmsford,
Massachusetts
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01824
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(Address of
Principal Executive Offices)
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(Zip
Code)
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(978)
441-2200
(Registrant’s
Telephone Number, Including Area Code)
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):
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o 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
On April 2, 2009, Datawatch Corporation
(“Datawatch”) responding to the current business climate, initiated actions to
reduce its workforce by notifying approximately 12 employees that their
employment is being terminated by Datawatch. The terminations are expected to be
completed by the end of the third fiscal quarter of 2009, and will result
in total cash severance charges of approximately $96,000. These
charges will be incurred for non-recurring employee-related termination
benefits, including severance payments and continuation of medical insurance
benefits.
Safe
Harbor Statement under the Private Securities Litigation Reform Act of
1995
Any
statements contained in this press release, including those regarding the work
force reductions and total estimated severance charges which are
“forward-looking statements” that do not describe historical facts constitute
forward-looking statements as that term is defined in the Private Securities
Litigation Reform Act of 1995. Any such statements contained herein are based on
current expectations, but are subject to a number of risks and uncertainties
that may cause actual results to differ materially from expectations. The
factors that could cause actual future results to differ materially from current
expectations include the following: risks associated with the uncertainty of the
current economic climate; risks associated with fluctuations in quarterly
operating results; Datawatch's dependence on its principal products; risks
associated with international sales; risks associated with distributor sales;
risks associated with acquisitions; an unfavorable result in any litigation;
market acceptance of new products; dependence on the introduction of new
products and possible delays in those introductions. Further information on
factors that could cause actual results to differ from those anticipated is
detailed in various publicly-available documents, which include, but are not
limited to, filings made by Datawatch from time to time with the Securities and
Exchange Commission, including but not limited to, those appearing in the
Company's Annual Report on Form 10-K for the year ended September 30, 2008 or
its Quarterly Report on Form 10-Q for the quarter ended December 31, 2008. Any
forward-looking statements should be considered in light of those
factors.
SIGNATURES
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.
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DATAWATCH
CORPORATION
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Date:
April 7, 2009
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By:
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/s/ Murray
P. Fish |
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Name:
Murray P. Fish |
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Title: Chief
Financial Officer |
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