Item 2.05 Costs Associated with Exit or Disposal Activities.





On May 26, 2020, the Board of Directors (the "Board") of Cognex Corporation (the
"Company") approved a restructuring plan intended to reduce the Company's
operating costs, optimize its business model and address the impact of the
COVID-19 pandemic. The restructuring plan includes a global reduction in force
of approximately 190 employees and office closures. On May 28, 2020, the Company
issued a news release announcing the restructuring plan, which is filed as
Exhibit 99.1 hereto and is incorporated by reference herein.

The Company estimates that the total restructuring charge will be approximately
$20 million. It is anticipated that the restructuring plan will be substantially
complete by June 30, 2020 and a substantial portion of the charge will be
reflected in the Company's second quarter results. The restructuring charge will
consist primarily of one-time termination benefits (including severance),
contract termination costs and other associated costs. The Company expects to
provide further detail, including associated cash expenditures, in its upcoming
Quarterly Report on Form 10-Q once it has finalized its second quarter financial
statements.

The actions described above, together with actions already taken to reduce the
Company's overall costs, were designed to generate an aggregate annualized cost
savings of approximately $25 million versus the Company's original planned cost
structure. The Company does not believe these cost-saving measures will impair
the Company's ability to conduct the Company's key business functions.

The restructuring charge described above, as well as the Company's anticipated
savings, are preliminary estimates and actual amounts may be materially
different from these estimates. There is no guarantee that the Company will
achieve the cost savings that it expects. The Company may also incur additional
charges or future cash expenditures not currently contemplated due to events
that may occur as a result of, or that are associated with, the Company's
restructuring plan or related activities to address the impact of the COVID-19
pandemic on the Company's business.

Item 2.06 Material Impairments.





Also in response to the impact of the COVID-19 pandemic, and in connection with
the restructuring plan addressed in Item 2.05 above, the Company is performing
an impairment analysis of its long-lived assets, including acquired intangible
assets. In addition, the Company is reviewing the value of its inventory for
excess and obsolete exposures as a result of lower demand levels. As of May 26,
2020, the Company expects to record a non-cash charge during the second quarter
in the range of $15 million to $30 million, including the anticipated impairment
charge and inventory write down.

The non-cash charge described above is a preliminary estimate and the actual
amount may be materially different from this estimate.  Given that many of the
activities associated with this charge will not be complete until the Company
finalizes its second quarter financial statements, the Company cannot reasonably
give a further breakdown of this charge as of the date of this Current Report on
Form 8-K.  The Company expects to provide further detail in its upcoming
Quarterly Report on Form 10-Q.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain

Officers; Compensatory Arrangements of Certain Officers.





In light of the Company's restructuring plan referenced above and the Company's
commitment to reducing costs during this period of uncertainty created by the
COVID-19 pandemic, Mr. Robert Willett, President and Chief Executive Officer,
Dr. Robert Shillman, Chairman of the Board and Chief Culture Officer, and Mr.
Patrick Alias, Director and Senior Vice President, will be taking a temporary
reduction in base salary through December 31, 2020.  Specifically, each of Mr.
Willett and Dr. Shillman will forego all but that portion of base salary
necessary to fund, on an after-tax basis, contributions to continue to
participate in the Company's health benefits plan and 401(k) retirement plan.
Mr. Alias will forgo approximately 50% of his base salary.

In addition, the base salary of each of Mr. Paul Todgham, Senior Vice President
and Chief Financial Officer, and Ms. Sheila DiPalma, Senior Vice President of
Employee Services, will be temporarily reduced by 20% until September 28, 2020.
Mr. Todgham and Ms. DiPalma may utilize paid time off to reduce the effects of
this reduction.

Finally, each independent member of the Company's Board of Directors will temporarily forego all cash compensation through December 31, 2020, including meeting fees and committee chair fees.

All of the above reductions in pay will become effective in June 2020 and are generally not intended to reduce any other benefits. --------------------------------------------------------------------------------

Item 9.01 Financial Statements and Exhibits





(d)       Exhibits


Exhibit No. Description



  99.1        News release, dated May 28, 2020, by Cognex Corporation (filed
            herewith)

104         Cover Page Interactive Data File (the cover page XBRL tags are embedded
            within the Inline XBRL document)

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