Brief: Everspin Technologies Inc - Restructuring Will Result In An Approximately 15% Reduction Of Workforce

EverSpin Technologies

13/01/2020 21:38

Everspin Technologies Inc  MRAM.O :
    * EVERSPIN TECHNOLOGIES INC - ANNOUNCED A RESTRUCTURING PLAN
    * EVERSPIN TECHNOLOGIES INC - HEADCOUNT REDUCTIONS WILL BE
ENACTED
JANUARY 31, 2020
    * EVERSPIN TECHNOLOGIES INC - EVERSPIN WILL TAKE A ONE-TIME
RESTRUCTURING CHARGE IN Q4 OF 2019
    * EVERSPIN TECHNOLOGIES INC - RESTRUCTURING WILL RESULT IN
AN
APPROXIMATELY 15% REDUCTION OF WORKFORCE
    * EVERSPIN TECHNOLOGIES INC - JEFF WINZELER WILL STEP DOWN
AS CFO
    * EVERSPIN TECHNOLOGIES INC - SEARCH FOR A REPLACEMENT OF
CFO IS
UNDERWAY
    * EVERSPIN TECHNOLOGIES INC - MATT TENORIO WILL ACT AS
INTERIM CFO
    * EVERSPIN TECHNOLOGIES INC - REAFFIRMED ITS Q4 2019 REVENUE
GUIDANCE OF $9.3 MILLION TO $9.7 MILLION

Source text for Eikon:  ID:nBw1sykJpa 
Further company coverage:  MRAM.O