Current Report Filing (8-k)
02 December 2022 - 08:07AM
Edgar (US Regulatory)
false000113872300011387232022-12-012022-12-01
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 1, 2022
ACCURAY INCORPORATED
(Exact name of registrant as specified in charter)
Delaware
(State or other jurisdiction of incorporation)
|
|
|
001-33301
|
|
20-8370041
|
(Commission File Number)
|
|
(IRS Employer Identification No.)
|
1310 Chesapeake Terrace
Sunnyvale,
California
94089
(Address of principal executive offices, including Zip
Code)
Registrant’s telephone number, including area code:
(408)
716-4600
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:
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the
Act:
|
|
|
|
|
Title of each class
|
|
Trading
Symbol(s)
|
|
Name of each exchange
on which registered
|
Common Stock, par value $0.001 per share
|
|
ARAY
|
|
The Nasdaq Stock Market LLC
|
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (17
CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934
(17 CFR §240.12b-2).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Item 2.05. Costs Associated with Exit or Disposal
Activities.
On
December 1, 2022, Accuray Incorporated (the “Company”) informed
affected employees of a cost saving initiative designed to reduce
operating costs through the elimination of approximately 4.5
percent of its global workforce. The Company expects to
substantially complete the cost saving initiative in the second
quarter of fiscal 2023.
The Company estimates the total cost of this initiative to be
approximately $2.0 million, which is expected to be recorded in the
second quarter of fiscal 2023.
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. Forward-looking statements generally relate to future
events or the Company’s future financial or operating performance.
In some cases, you can identify forward looking statements because
they contain words such as “may,” “will,” “should,” “expects,”
“plans,” “anticipates,” “going to,” “could,” “intends,” “target,”
“projects,” “contemplates,” “believes,” “estimates,” “predicts,”
“potential” or “continue” or the negative of these words or other
similar terms or expressions that concern the Company’s
expectations, strategy, priorities, plans or intentions.
Forward-looking statements in this Current Report on Form 8-K
include, but are not limited to, statements regarding the estimated
costs of the Company’s cost savings initiative, including the
timing of such costs. The Company’s expectations and beliefs
regarding these matters may not materialize, and actual results are
subject to risks and uncertainties that could cause such results to
differ materially from those projected, including risks ordinarily
incident to workforce reductions. The forward-looking statements
contained in this Current Report on Form 8-K are also subject to
other risks and uncertainties, including those more fully described
in the Company’s filings with the Securities and Exchange
Commission (“SEC”), including the Company’s Quarterly Report on
Form 10-Q for the first quarter ended September 30, 2022 and the
Company’s other filings with the SEC. Undue reliance should not be
placed on the forward-looking statements in this Current Report on
Form 8-K, which are based on information available to the Company
as of the date hereof. The Company disclaims any obligation to
update any forward-looking statements, except as required by
law.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
104 Cover Page Interactive Data File (embedded within the Inline
XBRL document)
2
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.
|
|
|
|
ACCURAY INCORPORATED
|
|
|
|
Dated: December 1, 2022
|
By:
|
/s/ Jesse Chew
|
|
|
Jesse Chew
|
|
|
Senior Vice President, General Counsel & Corporate
Secretary
|
3
Accuray (NASDAQ:ARAY)
Historical Stock Chart
From May 2023 to Jun 2023
Accuray (NASDAQ:ARAY)
Historical Stock Chart
From Jun 2022 to Jun 2023