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) May 18, 2006
FARO Technologies, Inc. |
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(Exact name of registrant as specified in its charter) |
Florida |
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0-23081 |
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59-3157093 |
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(State or other jurisdiction |
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(Commission |
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(I.R.S. Employer |
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125 Technology Park, Lake Mary, Florida |
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32746 |
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(Address of principal executive offices) |
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(Zip Code) |
Registrants telephone number, including area code (407) 333-9911
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(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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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ITEM 7.01 |
Regulation FD Disclosure |
On May 18, 2006, FARO Technologies announced via press release, subject: FARO Receives Nasdaq Notification Regarding Late Filing of Form 10-Q for Period Ending April 2, 2006. A copy of the press release is attached hereto.
Item 9.01 |
Financial Statements and Exhibits |
(d) |
Exhibits |
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99.1 |
Press release dated as of May 18, 2006 |
SIGNATURES
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.
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FARO Technologies, Inc. |
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(Registrant) |
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Date May 18, 2006 |
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/s/ Gregory A. Fraser |
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Gregory A. Fraser |
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Executive Vice President, Secretary and Treasurer |
Exhibit 99.1
FARO Receives Nasdaq Notification Regarding Late Filing of Form 10-Q for Period Ending April 2, 2006
LAKE MARY, Fla., May 18 /PRNewswire-FirstCall/ -- FARO Technologies, Inc. (Nasdaq: FARO) announced today that, as expected, it has received from Nasdaq a Staff Determination indicating that the Company is not in compliance with the filing requirements for continued listing set forth in Nasdaqs Marketplace Rule 4310(c)(14) because it has not timely filed its Quarterly Report on Form 10-Q for the period ended April 2, 2006, and that this late filing serves as an additional basis for delisting the Companys securities on the Nasdaq National Market beyond the previously reported matter of the Company being late with the filing of its Annual Report on Form 10-K for the year ended December 31, 2005. The Companys failure to file its Quarterly Report on Form 10-Q by May 11, 2006 triggered Nasdaqs latest notice, and such notice was not caused by any other circumstance. As previously disclosed by the Company the Nasdaq Listing Qualifications Panel has given the Company until June 30, 2006 to file its abovementioned form 10-K and 10-Q.
Forward-Looking Statements
This press release contains forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are subject to risks and uncertainties, such as statements about our plans, objectives, projections, expectations, assumptions, strategies, or future events. Statements that are not historical facts or that describe the Companys plans, objectives, projections, expectations, assumptions, strategies, or goals are forward-looking statements. In addition, words such as may, believes, anticipates, expects, intends, plans, seeks, estimates, will, should, could, projects, forecast, target, goal, and similar expressions or discussions of our strategy or other intentions identify forward-looking statements. Other written or oral statements, which constitute forward-looking statements, also may be made by the Company from time to time. Forward-looking statements are not guarantees of future performance and are subject to various known and unknown risks, uncertainties, and other factors that may cause actual results, performances, or achievements to differ materially from future results, performances, or achievements expressed or implied by such forward-looking statements. Consequently, undue reliance should not be placed on these forward-looking statements.
Factors that could cause actual results to differ materially from what is expressed or forecasted in forward-looking statements include, but are not limited to:
* The inability of the Company to file the Companys Annual Report on Form 10-K and its Quarterly report on Form 10-Q, by June 30, 2006; and
* The other risks detailed in the Companys Annual Report on Form 10-K and other filings from time to time with the Securities and Exchange Commission.
Forward-looking statements in this release represent the Companys judgment as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.
About FARO
With more than 9,100 installations and 4,100 customers globally, FARO Technologies, Inc. and its international subsidiaries design, develop, and market software and portable, computerized measurement devices. The Companys products allow manufacturers to perform 3-D inspections of parts and assemblies on the shop floor. This helps eliminate manufacturing errors, and thereby increases productivity and profitability for a variety of industries in FAROs worldwide customer base. Principal products include the FARO TrackArm; FARO Laser ScanArm; FARO Laser Scanner LS; FARO Gage and Gage-PLUS; Platinum, Digital Template, Titanium, Advantage FaroArms; the FARO Laser Tracker X and Xi; and the CAM2 family of advanced CAD-based measurement and reporting software. FARO Technologies is ISO-9001 and ISO-1702 certified.
SOURCE FARO Technologies, Inc.
-0- 05/18/2006
/CONTACT: Greg Fraser, Executive VP, FARO Technologies, +1-407-333-9911/
/First Call Analyst: /
/FCMN Contact: fraserg@faro.com /
/Web site: http://www.faro.com /