Last $2.08 USD
Change Today +0.005 / 0.24%
Volume 32.7K
HTCH On Other Exchanges
As of 12:28 PM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

hutchinson tech (HTCH) Snapshot

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01/22/14 - $4.35
52 Week Low
06/5/14 - $1.96
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hutchinson tech (HTCH) Details

Hutchinson Technology Incorporated researches, designs, develops, manufactures, and supplies suspension assemblies for hard disk drives. The company’s suspension assemblies are components in computers, and various consumer electronics and enterprise storage products. It also offers disk drive industry-related engineering services and specific disk drive program capacity, and biomeasurement products. The company sells its suspension assemblies to original equipment manufacturers and subassemblers. It operates in Thailand, Hong Kong, the Philippines, Malaysia, the United States, and internationally. The company was founded in 1965 and is headquartered in Hutchinson, Minnesota.

2,436 Employees
Last Reported Date: 12/11/13
Founded in 1965

hutchinson tech (HTCH) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $385.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $256.9K
Vice President of Operations
Total Annual Compensation: $163.6K
Vice President of Human Resources
Total Annual Compensation: $169.7K
Compensation as of Fiscal Year 2013.

hutchinson tech (HTCH) Key Developments

Hutchinson Technology Inc.(NasdaqGS:HTCH) dropped from Russell 2000 Index

Hutchinson Technology Inc. will be removed from the Russell 2000 Index.

Hutchinson Technology Inc.(NasdaqGS:HTCH) dropped from Russell 3000 Index

Hutchinson Technology Inc. will be removed from the Russell 3000 Index.

Hutchinson Technology to Cut 100 Jobs as Part of Cost Reduction

Hutchinson Technology announced that it expects to reduce its U.S. workforce by approximately 100 positions by the end of July. Combined with the previously announced cost savings of $2.5 million per quarter through consolidation of its operations and the shift of more assembly production to its Thailand plant, the technology manufacturer now estimates that cost reductions of $4.0 million per quarter can be achieved by the end of fiscal 2014.


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