UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

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FORM 8-K

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CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): February 10, 2009

 

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MTS SYSTEMS CORPORATION

(Exact name of registrant as specified in its charter)

 

 

Registrant’s telephone number, including area code: (952) 937-4000

 

N/A

(Former name or former address, if changed since last report.)

 

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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:

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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Item 2.05.

Costs Associated with Exit or Disposal Activities.

 

On February 10, 2009, MTS Systems Corporation (the “Company”) announced a workforce reduction as part of its efforts to align the business with current market and economic conditions while maintaining the ability to successfully execute its strategy.

 

The Company-wide workforce reduction will affect approximately 150 positions, about six percent of the Company’s employee base, through a combination of attrition, cancellation of open positions, and layoffs of current staff. As a result, the Company expects to take a pretax charge of $2.5 million to $3.5 million related to severance and facilities in the second quarter of fiscal 2009, ending March 28, 2009. A majority of this charge will result in future cash expenditures.

 

A copy of the press release announcing this action is furnished as Exhibit 99.1 to this Form 8-K.

 

Item 9.01.

Exhibits.

 

(d)   Exhibits.

 

Exhibit No.		Description of Exhibit
99.1		Press Release dated February 10, 2009.

 

 

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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 thereunto duly authorized.

 

	MTS SYSTEMS CORPORATION
	(Registrant)
Date: February 10, 2009	By:	/s/ SUSAN E. KNIGHT
		Susan E. Knight
		Vice President and Chief Financial Officer

 

 

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MTS SYSTEMS CORPORATION

FORM 8-K CURRENT REPORT

 

INDEX TO EXHIBITS

 

 

Exhibit No.		Description of Exhibit
99.1		Press Release dated February 10, 2009.

 

 

 

 

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