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<SEC-DOCUMENT>0001157523-09-002852.txt : 20090422
<SEC-HEADER>0001157523-09-002852.hdr.sgml : 20090422
<ACCEPTANCE-DATETIME>20090422170027
ACCESSION NUMBER:		0001157523-09-002852
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090421
ITEM INFORMATION:		Cost Associated with Exit or Disposal Activities
FILED AS OF DATE:		20090422
DATE AS OF CHANGE:		20090422

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COGNEX CORP
		CENTRAL INDEX KEY:			0000851205
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823]
		IRS NUMBER:				042713778
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34218
		FILM NUMBER:		09764340

	BUSINESS ADDRESS:	
		STREET 1:		ONE VISION DR
		CITY:			NATICK
		STATE:			MA
		ZIP:			01760
		BUSINESS PHONE:		5086503000

	MAIL ADDRESS:	
		STREET 1:		ONE VISION DRIVE
		CITY:			NATICK
		STATE:			MA
		ZIP:			01760
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a5946797.txt
<DESCRIPTION>COGNEX CORPORATION 8-K
<TEXT>

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 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): April 21, 2009

                               Cognex Corporation
- --------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in Its Charter)

                                  Massachusetts
- --------------------------------------------------------------------------------
                 (State or Other Jurisdiction of Incorporation)

          000-17869                                       04-2713778
- --------------------------------------------------------------------------------
  (Commission File Number)                   (IRS Employer Identification No.)


  One Vision Drive, Natick, Massachusetts                        01760-2059
- --------------------------------------------------------------------------------
 (Address of Principal Executive Offices)                         (Zip Code)

                                 (508) 650-3000
- --------------------------------------------------------------------------------
              (Registrant's Telephone Number, Including Area Code)

                                       N/A
- --------------------------------------------------------------------------------
          (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):

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

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

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

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

<PAGE>


Item 2.05  Costs Associated with Exit or Disposal Activities

Due to the global business environment, on April 21, 2009, Cognex Corporation
(the "Company") initiated steps to cut expenses by an additional $15 million on
an annualized basis to endeavor to more closely align costs with the decreased
level of demand for the Company's products. These actions, which augment those
taken by the Company in November of 2008, include cuts in certain executive
salaries, the elimination of approximately 85 employees and contractors, the
cancellation of most current open positions, additional mandatory shut-down
days, a reduction in leased office space, a lower company contribution to the
401(k) plan, and decreases in discretionary spending. As a result of these
actions, the Company expects to record a pre-tax charge of approximately $4
million in the second quarter of 2009, of which approximately $3 million will
relate to employee-related expenses and approximately $1 million will relate to
the reduction in leased office space. The Company expects approximately $4
million of the charge to result in future cash expenditures. The Company expects
to complete these actions in the second quarter of 2009.

Safe Harbor Statement

Certain statements made in this Current Report on Form 8-K, which do not relate
solely to historical matters, are forward-looking statements as defined in
Section 21E of the Securities Exchange Act of 1934, as amended. These
forward-looking statements, which include statements regarding the Company's
curtailment of spending and the related estimated charges and cash expenditures,
involve known and unknown risks and uncertainties that could cause actual
results to differ materially from those projected. Such risks and uncertainties
include: (1) current and future conditions in the global economy; (2) the
cyclicality of the semiconductor and electronics industries; (3) the inability
to achieve significant international revenue; (4) fluctuations in foreign
currency exchange rates; (5) the loss of a large customer; (6) the reliance upon
key suppliers to manufacture and deliver critical components for the Company's
products; (7) the inability to attract and retain skilled employees; (8) the
inability to design and manufacture high-quality products; (9) the technological
obsolescence of current products and the inability to develop new products; (10)
the failure to effectively manage product transitions or accurately forecast
customer demand; (11) the failure to properly manage the distribution of
products and services; (12) the inability to protect the Company's proprietary
technology and intellectual property; (13) the Company's involvement in
time-consuming and costly litigation; (14) the impact of competitive pressures;
(15) the challenges in integrating and achieving expected results from acquired
businesses; (16) potential impairment charges with respect to the Company's
investments or for acquired intangible assets or goodwill; (17) exposure to
additional tax liabilities; and (18) the other risks detailed in the Company's
reports filed with the Securities and Exchange Commission, including the
Company's Form 10-K for the fiscal year 2008. You should not place undue
reliance upon any such forward-looking statements, which speak only as of the
date made. The Company disclaims any obligation to update forward-looking
statements after the date of such statements.

<PAGE>

                                   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.


                                    COGNEX CORPORATION


Dated: April 22, 2009               By: /s/ Richard A. Morin
                                        --------------------
                                        Name:  Richard A. Morin
                                        Title: Senior Vice President of Finance,
                                               Chief Financial Officer, and
                                               Treasurer
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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