Item 2.05 Costs Associated with Exit or Disposal Activities.
On
The costs that the Company expects to incur are subject to a number of assumptions, and actual results may differ from the Company's original estimate. The Company may also incur additional costs not currently contemplated due to events that may occur as a result of, or that are associated with, these actions. If the Company subsequently determines that it will incur additional significant costs associated with these actions, it will amend this Current Report on Form 8-K to disclose such information.
Cautionary Note Regarding Forward Looking Statements
This Current Report on Form 8-K contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. Any statements
contained in this Current Report on Form 8-K that are not statements of
historical fact may be deemed to be forward-looking statements. Words such as
"plans," "expects," estimates," and similar expressions are intended to identify
forward-looking statements. These forward-looking statements are based upon the
Company's current expectations. Actual results may differ materially from these
estimates as a result of, among other things, delays in the implementation of
the Company's plans, unexpected personnel-related termination or other costs,
and difficulties in subleasing the facility. Information regarding additional
risks may be found in the section titled "Risk Factors" in the Company's
Quarterly Report on Form 10-Q filed with the
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As part of the reduction in workforce described in Item 2.05 above, Robert
Michael Savel II, the Company's Chief Technical Officer, will depart the
Company, effective
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