Item 8.01 Other Events.
On May 28, 2024, Kulicke and Soffa Industries, Inc. (the “Company”) announced that on May 12, 2024, it detected unauthorized access attempts into its network and servers¹,². On the same day, following detection of the external threat, the Company's cybersecurity team, together with leading third party cybersecurity experts, immediately took actions to contain and isolate the affected servers, and prevent further intrusion³,⁴.
The investigation to assess the complete nature, scope and impact of the incident, including coordination with law enforcement, remains ongoing. However, as of the date of this filing, based on the current status of our investigation and as confirmed by the Company's cybersecurity experts, the Company does not have reason to believe that any data exfiltration has occurred⁵. The Company also does not believe the incident is reasonably likely to materially impact the Company’s financial condition, results of operations, or ability to meet its fiscal third quarter 2024 business outlook.⁶,⁷,⁸
Disruptions to the Company's business operations were limited due to robust isolation, back-up and recovery efforts.⁹,¹⁰ The Company's continuity planning strategy allowed for operational activities and servicing of customers to continue with minimal disruptions.
Cautionary Note Regarding Forward-Looking Statements
This Current Report on Form 8-K contains statements relating to future events and expectations regarding our future results. These statements are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our judgments and future expectations concerning our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations, including disruptions or failures in our information technology systems and network infrastructures, and the other factors listed or discussed in our Annual Report on Form 10-K for the fiscal year ended September 30, 2023, filed on November 16, 2023, and our other filings with the Securities and Exchange Commission. The Company is under no obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.