klic-20201013

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): October 13, 2020

____________________________________________________

KULICKE AND SOFFA INDUSTRIES, INC.

(Exact name of registrant as specified in its charter)

____________________________________________________

Pennsylvania

000-00121

23-1498399

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(I.R.S. Employer
Identification No.)

23A Serangoon North Avenue 5, #01-01, K&S Corporate Headquarters, Singapore 554369

(Address of Principal Executive Offices and Zip Code)

Registrant’s telephone number, including area code: (215) 784-6000

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 (see General Instruction A.2. below):


☐			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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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. ☐

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, Without Par Value	KLIC	The Nasdaq Global Market

Item 2.02 Results of Operations and Financial Condition.

On October 13, 2020, Kulicke and Soffa Industries, Inc. (the “Company”) issued a press release with respect to certain preliminary financial estimates for its fourth fiscal quarter ended October 3, 2020. A copy of this press release is furnished as Exhibit 99.1 to this report, and is incorporated by reference into this Item 2.02 as if fully set forth herein.

Also on October 13, 2020, the Company issued a press release announcing that a conference call to discuss the Company’s fourth fiscal quarter and full fiscal year 2020 financial results, and its business outlook, will be held on Thursday November 19, 2020 at 8:00 a.m. EST. A copy of this press release is furnished as Exhibit 99.2 to this report, and is incorporated by reference into this Item 2.02 as if fully set forth herein.

The information in this report furnished under “Item 2.02 Results of Operations and Financial Condition” shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.


Item 9.01			Financial Statements and Exhibits.
(d)			Exhibits.

Exhibit No.			Description
99.1			Press Release dated October 13, 2020
99.2			Press Release dated October 13, 2020
104			Inline XBRL for the cover page of this Current Report on Form 8-K

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.

KULICKE AND SOFFA INDUSTRIES, INC.

Date: October 13, 2020

By:

/s/ LESTER WONG

Name:

Lester Wong

Title:

Senior Vice President and Chief Financial Officer

EXHIBIT INDEX


Exhibit No.			Description
99.1			Press Release dated October 13, 2020
99.2			Press Release dated October 13, 2020
104			Inline XBRL for the cover page of this Current Report on Form 8-K

Exhibit 99.1


			K&S Corporate Headquarters Kulicke & Soffa Pte Ltd 23A Serangoon North Ave 5 #01-01, Singapore 554369
			+65-6880-9600 main +65-6880-9580 fax www.kns.com Co. Regn. No. 199902120H

Kulicke & Soffa Provides Preliminary Revenue Estimate for the Fourth Fiscal Quarter 2020

Singapore – October 13, 2020 – Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) (“Kulicke & Soffa,” “K&S” or the “Company”), today announced that it expects revenue in the fourth fiscal quarter, ended October 3, 2020, to be approximately $177 million.

K&S previously provided a revenue guidance midpoint of $165 million for its fourth fiscal quarter and reported revenue of $150.5 million during its third fiscal quarter, ended June 27, 2020. The estimated 18% sequential revenue growth is attributed to stronger demand from the general semiconductor and advanced LED end markets.

Fusen Chen, Kulicke & Soffa’s President and Chief Executive Officer stated, “We are pleased with our fiscal fourth quarter performance and current demand stemming from 5G and advanced display, which benefits our core and our new growth businesses. Broad market conditions remain dynamic and we remain cautiously optimistic as we look ahead into fiscal year 2021.”

K&S will provide additional commentary regarding performance of its most recent period during its fiscal fourth quarter earnings call which is scheduled for 8am EST on November 19, 2020.

The estimated revenue set forth above is unaudited and should be considered preliminary and subject to change. Accordingly, you should not place undue reliance on this preliminary data, which may differ materially from the Company’s final results. This estimate has been prepared by and is the responsibility of management. Kulicke & Soffa’s independent registered public accounting firm has not audited, compiled, performed any procedures on or reviewed the preliminary financial data, and accordingly does not express an opinion or any other form of assurance with respect to the preliminary financial data.

About Kulicke & Soffa

Kulicke & Soffa (NASDAQ: KLIC) is a leading provider of semiconductor and electronic assembly solutions serving the global automotive, consumer, communications, computing and industrial markets. Founded in 1951, K&S prides itself on establishing foundations for technological advancement - creating pioneering interconnect solutions that enable performance improvements, power efficiency, form-factor reductions and assembly excellence of current and next-generation semiconductor devices.

Leveraging decades of development proficiency and extensive process technology expertise, Kulicke & Soffa’s expanding portfolio provides equipment solutions, aftermarket products and services supporting a comprehensive set of interconnect technologies including wire bonding, advanced packaging, lithography, and electronics assembly. Dedicated to empowering technological discovery, always, K&S collaborates with customers and technology partners to push the boundaries of possibility, enabling a smarter future. (www.kns.com)

Caution Concerning Results and Forward-Looking Statements

This press release contains statements relating to future events. These statements are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our judgments and future expectations concerning our business, a number of risks, uncertainties and other important factors could cause actual developments to differ materially from our expectations. These factors include, but are not limited to, the effects of the COVID-19 pandemic on our business, and the other factors listed or discussed in our Annual Report on Form 10-K for the fiscal year ended September 28, 2019, filed on November 15, 2019, our Quarterly Reports on Form 10-Q filed on April 30, 2020, and July 30, 2020, and our other filings with the Securities and Exchange Commission. Kulicke and Soffa Industries, Inc. is under no obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

Contacts:


Kulicke & Soffa
Marilyn Sim
Public Relations
P: +65-6880-9309
F: +65-6880-9580
[email protected]


Kulicke & Soffa
Joseph Elgindy
Investor Relations
P: +1-215-784-7500
F: +1-215-784-6180
[email protected]

Exhibit 99.2


			K&S Corporate Headquarters Kulicke & Soffa Pte Ltd 23A Serangoon North Ave 5 #01-01, Singapore 554369
			+65-6880-9600 main +65-6880-9580 fax www.kns.com Co. Regn. No. 199902120H

Kulicke & Soffa Schedules Fourth Quarter & Full Year 2020 Conference Call for

8AM EST, November 19^th, 2020

Singapore – October 13, 2020 – Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) (“Kulicke & Soffa”, “K&S” or the “Company”), a global leader in the design and manufacture of semiconductor, LED and electronic assembly equipment, today announced a conference call is scheduled to discuss the Company's fiscal fourth quarter and full year 2020 financial results, and its business outlook, on Thursday November 19, 2020 at 8:00am EST.

The Company will issue its fourth fiscal quarter 2020 financial results on Wednesday November 18, 2020 after market close.

To access the conference call, interested parties may call +1-877-407-8037 or internationally +1-201-689-8037. A live webcast will also be available at investor.kns.com.

A replay will be available from approximately one hour after the completion of the call through November 26^th by calling toll-free +1-877-660-6853 or internationally +1-201-612-7415 and using the replay ID number of 13711178. A webcast replay will also be available at investor.kns.com.

About Kulicke & Soffa

Contacts:


Kulicke & Soffa Industries, Inc.			Kulicke & Soffa Industries, Inc.
Joseph Elgindy			Marilyn Sim
Investor Relations			Public Relations
P: +1-215-784-7518			P: +65-6880-9309
F: +1-215-784-6180			F: +65-6880-9580
[email protected]			[email protected]