- Current report filing (8-K)
2008年12月4日 - 2:46AM
Edgar (US Regulatory)
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, 2008
InSite
Vision Incorporated
(Exact
name of registrant as specified in its charter)
Delaware
|
|
1-14207
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94-3015807
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(State
or other jurisdiction
of
incorporation)
|
|
(Commission
File No.)
|
|
(I.R.S.
Employer
Identification
Number)
|
965
Atlantic Ave.
Alameda,
California 94501
(Address
of principal executive offices)
Registrant’s
telephone number, including area code:
510-865-8800
N/A
(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:
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
December 1, 2008, InSite Vision Incorporated, or the Company, announced a
corporate restructuring designed to enable the Company to better focus on growth
opportunities and conserve resources. The restructuring decreased the Company's
personnel by approximately 35 percent. Employees affected by this restructuring
were provided a severance package that includes severance pay, and continuation
of benefits. The Company expects savings from its restructuring efforts to
reduce annual operating expenses by approximately $2.0 million. A one-time
charge of approximately $450,000 will be incurred in the fourth quarter of
2008.
The vast majority of the cash expenditures for this restructuring will be made
in the fourth quarter of 2008.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date:
December 3, 2008
INSITE
VISION INCORPORATED
(Registrant)
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By:
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/s/
Louis Drapeau
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Name:
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Louis
Drapeau
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Title:
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Interim
Chief Executive Officer, Vice President, and Chief Financial
Officer
|
|
Insite Vision (AMEX:ISV)
過去 株価チャート
から 5 2024 まで 6 2024
Insite Vision (AMEX:ISV)
過去 株価チャート
から 6 2023 まで 6 2024