SiliconBeat

A day before it is set to host a visit by the Congressman from its district, Adept Technology filed word today with the SEC that its CEO, John Dulchinos, would be taking a second 20 percent hit to his salary on top of the one he took in January, while its other executives would have their base pay cut 10 percent.

For Dulchinos, that means annual pay at a rate of $182,400, down from the $235,000 salary bestowed on him when he ascended to the top spot in September, shortly before the world economy took its dive off a cliff.

At least those executives will still get paid, which is something that can’t be said about the nine percent of its workforce that lost their jobs following the restructuring the maker of robotic manufacturing systems announced during its fiscal 2009 second quarter.

Along with the additional executive pay cuts that kick in today, the company said it would be laying off more employees and cutting the pay of its remaining workforce as it tries to ride out the “global economic downturn which has resulted in certain of Adept’s customers delaying automation programs and temporarily idling existing production lines”.

The company’s cash supply is dwindling, falling to $11 million at the end of December, down from $15.2 million at the end of June. The company paid about $750,000 to get out from the lease on its previous headquarters in Livermore, after a lengthy dispute with its landlord. It’s now based in Pleasanton.

The current moves are meant to help save the company up to $1 million more per quarter, along with “other global labor cost savings initiatives utilizing local governmental programs.”

Welcome, Representative McNerney!