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):
February 7, 2011
(Exact
name of registrant as specified in its charter)
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DELAWARE
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0-25996
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06-1236189
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(State
or other jurisdiction of
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(Commission
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(I.R.S.
Employer
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incorporation)
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File
Number)
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Identification No.)
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Three
Enterprise Drive
Shelton,
Connecticut 06484
(Address
of principal executive offices) (Zip Code)
Registrant's
telephone number, including area code: (203) 929-8810
Not
Applicable
(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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r
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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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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o
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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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On
February 8, 2011, TranSwitch Corporation (“TranSwitch”) announced that on
February 7, 2011, TranSwitch decided to effect a restructuring in the form of a
reduction in force to be implemented and concluded during the first quarter of
2011.
TranSwitch
expects that such restructuring will result in annual savings of approximately
$2 million, and that these savings will begin to be recognized in the second
quarter of 2011.
In
connection with the restructuring, TranSwitch expects to incur pre-tax
restructuring charges of approximately $500,000 which will be cash expenditures
primarily for employee related costs. TranSwitch expects these charges to be
recorded in the first quarter of 2011. A copy of TranSwitch’s press release
announcing this information and certain other information is attached as Exhibit
99.1 to TranSwitch’s Form 8-K furnished to the Securities and Exchange
Commission on February 8, 2011.
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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TRANSWITCH
CORPORATION
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February
8, 2011
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By:
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/s/
Robert A. Bosi
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Name:
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Robert
A. Bosi
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Title:
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Vice
President and Chief Financial
Officer
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