SOURCE: Kulicke & Soffa

January 10, 2007 16:14 ET

Kulicke & Soffa Reports Inducement Option Grants for Non-Executive Employees Under Nasdaq Marketplace Rule 4350

FORT WASHINGTON, PA -- (MARKET WIRE) -- January 10, 2007 --Kulicke & Soffa Industries, Inc. (NASDAQ: KLIC) today announced that in connection with the Company's recent acquisition of Alphasem, it has issued new inducement stock options to 90 non-executive employees of the acquired company. The inducement stock option grants were communicated to the recipients beginning on January 9, 2007.

These inducement grants cover an aggregate 146,100 shares of common stock, and were approved by the management development and compensation committee of the Company's board of directors in December 2006 for grant on January 3, 2007. These option awards, which were granted without stockholder approval pursuant to Nasdaq Marketplace Rule 4350(i)(1)(A)(iv), have the following terms: (a) an exercise price of $8.43 per share which is equal to the closing price of shares of the Company's common stock on January 3, 2007, (b) an expiration date of January 3, 2017 (or February 3, 2017 for residents of certain countries), and (c) a vesting schedule providing that all of the options will vest on January 3, 2008.

About Kulicke & Soffa

Kulicke & Soffa (NASDAQ: KLIC) is the world's leading supplier of semiconductor assembly equipment, materials, and technology. K&S provides wire bonders, capillaries, wire, die bonders, and die collets for all types of semiconductor packages using wire as the internal electrical interconnections. K&S is the only major supplier to the semiconductor assembly industry that provides customers with semiconductor assembly equipment along with the complementing packaging materials and process technology that enable our customers to achieve the highest possible yields and throughput. The ability to provide these assembly related products is unique to Kulicke & Soffa, and allows us to develop system solutions to the new technology challenges inherent in assembling and packaging next-generation semiconductor devices. Kulicke & Soffa's web site address is

Contact Information

  • Company Contact:
    Michael Sheaffer
    215-784-6167 fax
    Email Contact.