KULICKE & SOFFA INDUSTRIES INC0000056978falseSingapore00000569782024-11-132024-11-130000056978dei:OtherAddressMember2024-11-132024-11-13

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): November 13, 2024  
____________________________________________________
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, Singapore 554369
1005 Virginia Dr., Fort Washington, PA 19034
(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))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, Without Par ValueKLICThe Nasdaq Global Market

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. ☐


Item 7.01     Regulation FD Disclosure
On November 13, 2024, Kulicke and Soffa Industries, Inc. (the “Company”) issued a press release regarding the matters discussed in Item 8.01 of this Current Report on Form 8-K. A copy of the press release is furnished as Exhibit 99.1 to this report.
The information furnished in Item 7.01 and Item 9.01 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise be subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the rules and regulations of the Securities and Exchange Commission (the “SEC”) thereunder, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing or document.

Item 8.01      Other Events
On November 13, 2024, Kulicke and Soffa Industries, Inc. (the “Company”) issued a press release announcing that the Board of Directors of the Company has declared and authorized a quarterly dividend of $0.205 per share of common stock, representing a $0.005 increase over its most recent dividend payable. The dividend payment will be made on January 7, 2025 to holders of record as of the close of business on December 19, 2024.
In addition, the Company announced that its Board of Directors has approved a new share repurchase program that authorizes the repurchase of up to $300 million of the Company's common shares. This new program will begin after the completion of the Company’s existing $800 million share repurchase program that was first initiated on August 15, 2017.

Item 9.01
Financial Statements and Exhibits.
(d)Exhibits.
Exhibit No.Description
99.1
104Inline 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: November 13, 2024By:/s/ LESTER WONG 
 Name:Lester Wong 
 Title:Executive Vice President and Chief Financial Officer
(principal financial officer and principal accounting officer)
   



Exhibit 99.1
Kulicke & Soffa Pte. Ltd.
23A Serangoon North Ave 5
Singapore 554369
+65 6880-9600 main
Co. Regn. No. 199902120H
logoa02a01a01a52.jpg
Kulicke and Soffa Industries, Inc.
1005 Virginia Drive
Fort Washington, PA 19034 USA
+1-215-784-6000 main
www.kns.com

Kulicke & Soffa Raises Quarterly Dividend; Expands Repurchase Authorization
Fifth Consecutive Annual Dividend Raise; Quarterly Dividend Increased to $0.205
New $300 Million Share Repurchase Program

SINGAPORE – November 13, 2024 - Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) (“Kulicke & Soffa,” “K&S” or the “Company”), announced today that its Board of Directors has declared and authorized a quarterly dividend of $0.205 per share of common stock, representing a $0.005 increase over its most recent dividend. This dividend raise highlights the Company’s commitment to a consistent shareholder return strategy and will be included in the January 7, 2025 dividend payable to holders of record as of the close of business on December 19, 2024.
In addition to the quarterly dividend increase, K&S expanded its shareholder return activities with a new $300 million share repurchase program authorized by its Board of Directors. This new program will begin after the completion of the Company’s existing $800 million share repurchase program. At the completion of the 2024 fiscal year, the existing repurchase program – originally announced on August 15, 2017 – had $30.3 million of authorization remaining and is expected to be completed during the Company’s fiscal first quarter 2025, ending December 28, 2024.
Cumulatively, since the announcement of the Company’s initial repurchase program on August 27, 2014, K&S has repurchased a total of 30.2 million shares at an average price of approximately $28.75 per share in open market transactions.
About Kulicke & Soffa
Founded in 1951, Kulicke & Soffa specializes in developing cutting-edge semiconductor and electronics assembly solutions enabling a smart and more sustainable future. Our ever-growing range of products and services supports growth and facilitates technology transitions across large-scale markets, such as advanced display, automotive, communications, compute, consumer, data storage, energy storage and industrial.

Contacts:
Kulicke & Soffa
Marilyn Sim
Public Relations
P: +65-6880-9309
msim@kns.com


Kulicke & Soffa
Joseph Elgindy
Finance
P: +1-215-784-7500
investor@kns.com
1
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Document and Entity Information
Nov. 13, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date Nov. 13, 2024
Entity Registrant Name KULICKE & SOFFA INDUSTRIES INC
Entity Central Index Key 0000056978
Amendment Flag false
Entity Incorporation, State or Country Code PA
Entity File Number 000-00121
Entity Tax Identification Number 23-1498399
Entity Addresses [Line Items]  
Entity Address, Address Line One 23A Serangoon North Avenue 5
Entity Address, Address Line Two #01-01
Entity Address, Country SG
Entity Address, City or Town Singapore
Entity Address, Postal Zip Code 554369
City Area Code 215
Local Phone Number 784-6000
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Soliciting Material false
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Pre-commencement Issuer Tender Offer false
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Title of 12(b) Security Common Stock, Without Par Value
Trading Symbol KLIC
Security Exchange Name NASDAQ
Principal Executive Offices  
Entity Addresses [Line Items]  
Entity Address, Address Line One 1005 Virginia Dr.
Entity Address, City or Town Fort Washington
Entity Address, Postal Zip Code 19034
Entity Address, State or Province PA
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