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HTCH on NASDAQ

Hutchinson Technology

American technology company

Hutchinson Technology is an engineering company established and headquartered in Minnesota, United States, specializing in the design and manufacture of precision technologies. Hutchinson's primary products are suspension assemblies that hold magnetic read-write heads at microscopic distances above the disks in rigid disk drives.3 Its shares trade on NASDAQ under the symbol HTCH.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

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  • TickerHTCH on NASDAQ1
  • IndustryElectronic Components, NEC1
  • HeadquartersHutchinson1
  • Websitehtch.com
  • Incorporated inMN4
  • Business address40 W Highland Park, Hutchinson, Mn 553504
  • Filer categoryAccelerated filer4

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2012-0814-HutchinsonTech
Photo: Bobak Ha'Eri, CC BY 3.0, via Wikimedia Commons6

Hutchinson Technology is an engineering company established and headquartered in Minnesota, United States, specializing in the design and manufacture of precision technologies. Hutchinson's primary products are suspension assemblies that hold magnetic read-write heads at microscopic distances above the disks in rigid disk drives.3

What it owns

What Hutchinson Technology reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Buildings and improvements$195.0M7 Sep 27, 2015$205.8M7 Sep 28, 2014−5.2%
Machinery and equipment$638.7M7 Sep 27, 2015$639.3M7 Sep 28, 2014−0.1%
Construction in progress$3.6M7 Sep 27, 2015$6.1M7 Sep 28, 2014−40.6%
Accumulated depreciation$714.4M7 Sep 27, 2015$707.7M7 Sep 28, 2014+0.9%
Property and equipment, net$134.5M7 Sep 27, 2015$153.2M7 Sep 28, 2014−12.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$39.5M7 Sep 27, 2015$37.9M7 Sep 28, 2014+4.0%
Marketable securities, current$965.0K7 Sep 27, 2015$965.0K7 Sep 28, 20140%

Inventory

ItemLatestA year beforeChange
Inventory, total$40.1M7 Sep 27, 2015$49.0M7 Sep 28, 2014−18.0%
Raw materials$19.2M7 Sep 27, 2015$21.4M7 Sep 28, 2014−10.0%
Work in process$9.5M7 Sep 27, 2015$11.9M7 Sep 28, 2014−19.6%
Finished goods$11.4M7 Sep 27, 2015$15.7M7 Sep 28, 2014−27.7%

The story

Hutchinson Technology was founded in 1965 by Jon Geiss and Jeffrey Green, initially to produce gyroscope components for missiles. It subsequently supplied printed circuit boards to Minnesota's two largest computer companies, Univac and Control Data. With contracts from Control Data and IBM in the 1970s, it developed specialized mechanisms that precisely position the read-write heads for magnetic disk drives. The company grew to employ 3,000 people (2001-2010).

On November 2, 2015 Japanese electronics company TDK announced plans to purchase Hutchinson Technology for $126 million.

From Wikipedia’s article on Hutchinson Technology, shared under CC BY-SA 4.0.5

Leadership

Who has led Hutchinson Technology, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Wayne M. Fortun2006–2011
  2. Richard J. Penn2012–2016

Chair

  1. Jeffrey W. Green2006–2007

President

  1. Wayne M. Fortun2006–2011
  2. Richard J. Penn2012–2016

Chief financial officer

  1. John A. Ingleman2006–2010
  2. Steve Polacek2010
  3. David P. Radloff2010–2016
2010201520202025
Board members and other officers (25)

Timeline

  1. Oct 15, 2012New chief executive Richard J. Penn becomes CEO8
  2. Oct 19, 2006New chief executive Wayne M. Fortun becomes CEO9

SEC filer profile

How Hutchinson Technology is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARHUTCHINSON TECHNOLOGY INC2
  • CIK0000772897
  • Employer ID (EIN)41-09018402
  • Filer statusAccelerated filer2
  • Incorporated inMinnesota2
  • Fiscal year endsSeptember 242
  • Industry code (SIC)3679 Electronic Components, NEC2
  • Business address40 W Highland Park, Hutchinson, MN 553502
  • Mailing address40 W Highland Park, 40 W Highland Park, Hutchinson, MN 553502
  • Phone32058737972
  • Shares outstanding33,922,004 as of Aug 3, 201637
  • Public float$88.8M as of Mar 27, 20157
  • On EDGAR sinceJan 31, 19952
  • Filings1,082 in all: 4 (386), 8-K (189), SC 13G/A (84), 10-Q (65), SC 13G (49), 4/A (32), DEF 14A (22), SC TO-I/A (19)2
    All 62 form types

    UPLOAD (19), CORRESP (17), 10-K (15), 3 (15), 424B3 (15), 425 (15), POS AM (11), S-4/A (10), ARS (9), S-8 (9), 10-K405 (7), S-3 (7), S-8 POS (7), EFFECT (6), 10-Q/A (5), 8-A12B/A (5), DEFA14A (4), S-1/A (4), S-3/A (4), SC TO-I (4), 424B2 (3), SD (3), 10-K/A (2), 10-K405/A (2), 3/A (2), 8-K/A (2), D (2), PRE 14A (2), PRER14A (2), S-4 (2), SC 13D (2), SC 13D/A (2), 15-12B (1), 25-NSE (1), 305B2 (1), 40-APP (1), 40-APP/A (1), 424A (1), 424B1 (1), 424B4 (1), 5 (1), 8-A12B (1), 8-A12G (1), 8-A12G/A (1), DEFM14A (1), FWP (1), NT 10-Q (1), POSASR (1), PREM14A (1), REGDEX (1), S-1 (1), S-3ASR (1), S-3MEF (1), SC TO-C (1)

  • Latest filingsAnnual report (10-K) Dec 11, 2015
    Quarterly report (10-Q) Aug 5, 2016
    Proxy statement (DEF 14A) Aug 9, 2016
    Latest 8-K (8-K) Oct 5, 2016

Sources

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