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): December 22, 2010
KULICKE
AND SOFFA INDUSTRIES, INC.
(Exact
Name of Registrant as Specified in Charter)
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Pennsylvania
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000-00121
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23-1498399
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(State
or Other Jurisdiction
of
Incorporation)
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(Commission
File Number)
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(I.R.S.
Employer
Identification
No.)
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6
Serangoon North, Avenue 5, #03-16, Singapore
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554910
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (215) 784-6000
(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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¨
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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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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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item 5.02
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
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On December 22, 2010, the Board of
Directors of Kulicke and Soffa Industries, Inc. (the “Company”) appointed
Jonathan H. Chou, the Company’s Senior Vice President and Chief Financial
Officer, to replace Ran Bareket as Principal Accounting Officer of the Company.
Mr. Chou was appointed to his positions of Senior Vice President and Chief
Financial Officer on November 16, 2010 and he assumed these roles effective
December 13, 2010. For a description of Mr. Chou’s previous work experience and
the terms of his employment, please refer to the Company’s Current Report on
Form 8-K dated November 16, 2010, which is incorporated herein by
reference.
Additionally, on December 23, 2010, the
Company entered into Change of Control Agreements (the “Agreements”) with Bruno
Guilmart, the Company’s President and Chief Executive Officer, and Mr. Chou.
These Agreements are substantially similar to the Agreements the Company has
entered into with its other executive officers, except that Mr. Guilmart’s
Agreement provides a benefit multiple of 2.0 and a continuation for 24 months.
Mr. Guilmart’s Agreement also clarifies that the six-month waiting period for
severance payments to begin applies only to executives who are U.S. taxpayers
and therefore subject to § 409A of the Internal Revenue Code, as amended, and
the Treasury Regulations issued thereunder, as Mr. Guilmart is currently not a
U.S. taxpayer. The description of the Agreements is qualified in its entirety
by reference to the Form of Change of Control Agreement included hereto as
Exhibit 10.1.
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Item 9.01
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Financial
Statements and Exhibits.
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(d) Exhibits.
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Exhibit No.
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Description
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10.1
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Form
of Change of Control Agreement (incorporated by reference to Exhibit 10.2
to the Company’s Current Report on Form 8-K dated March 25,
2009).
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SIGNATURE
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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KULICKE
AND SOFFA INDUSTRIES, INC.
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December
23, 2010
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By:
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/s/ David J.
Anderson
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Name:
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David
J. Anderson
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Title:
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Vice
President and General
Counsel
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EXHIBIT
INDEX
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Exhibit No.
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Description
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10.1
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Form
of Change of Control Agreement (incorporated by reference to Exhibit 10.2
to the Company’s Current Report on Form 8-K dated March 25,
2009).
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