-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UVKwBTEURFjfwcA7ySFTqgYmii8OVh6zZuOG5rjwGbMKDxr9dyiHq5bPmSPvTCEh s48dEEpMtBfEXyWgh6abWQ== 0001169232-09-003322.txt : 20090713 0001169232-09-003322.hdr.sgml : 20090713 20090710192611 ACCESSION NUMBER: 0001169232-09-003322 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20090708 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090713 DATE AS OF CHANGE: 20090710 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL TECHNICAL SYSTEMS INC /CA/ CENTRAL INDEX KEY: 0000110536 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-TESTING LABORATORIES [8734] IRS NUMBER: 954134955 STATE OF INCORPORATION: CA FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16438 FILM NUMBER: 09940945 BUSINESS ADDRESS: STREET 1: 24007 VENTURA BLVD CITY: CALABASAS STATE: CA ZIP: 91302 BUSINESS PHONE: 8185910776 MAIL ADDRESS: STREET 1: 24007 VENTURA BLVD CITY: CALABASAS STATE: CA ZIP: 91302 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL TECHNICAL SYSTEMS /DE/ DATE OF NAME CHANGE: 19880218 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL TECHNICAL SERVICES INC DATE OF NAME CHANGE: 19810712 FORMER COMPANY: FORMER CONFORMED NAME: LINCOLN FUND INC DATE OF NAME CHANGE: 19760315 8-K 1 d77355_8-k.htm CURRENT REPORT

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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): July 8, 2009

 

NATIONAL TECHNICAL SYSTEMS, INC.

(Exact Name of Registrant as Specified in Charter)

California

 

0-16438

 

95-4134955

(State or Other Jurisdiction of
Incorporation)

 

(Commission File Number)

 

(IRS Employer Identification No.)

 

24007 Ventura Boulevard, Suite 200
Calabasas, California

 


91302

(Address of Principal Executive Offices)

 

Zip Code

 

(818) 591-0776

(Registrant’s telephone number, including area code)

 

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):

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

 

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

 

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

 

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

 

 

-1-

 

 


 

 

Item 7.01. Regulation

FD Disclosure.

On July 10, 2009, we issued a press release about the approval by our Board of Directors of a stock repurchase plan, pursuant to which we will purchase up to 200,000 shares of our common stock. The full text of the press release is filed as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference. The information in the press release is not to be deemed "filed" for purposes of the Securities Exchange Act of 1934, and is not incorporated by reference in any registration statement under the Securities Act of 1933.

Item 9.01. Financial Statements and Exhibits.

 

(d)

Exhibits

 

Exhibit 99.1

Press release issued on July 10, 2009 regarding the approval by our board of

 

directors of a stock repurchase plan.

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:      July 10, 2009

National Technical Systems, Inc.


By: /s/ Raffy Lorentzian
        Name: Raffy Lorentzian

        Title:   Senior Vice President and
                     Chief Financial Officer

 

 

-2-

 

 


 

 

EXHIBIT 99.1

 

Press release issued on July 10, 2009 regarding the approval by our board of directors of a stock repurchase plan.

 

-3-

 

 

 

 

EX-99.1 2 d77355_ex99-1.htm PRESS RELEASE


 

 

National

Executive Office

Technical

24007 VenturaBoulevard

Systems, Inc.

Calabasas, California 91302

 

Tel: (818) 591-0776

 

Fax: (818) 591-0899

 

For Release July 10, 2009 7:30AM Eastern

Contact:

National Technical Systems

Aaron Cohen, Vice Chairman

 

Mobile: 818-652-2271

 

Email: aaron.cohen@ntscorp.com

 

 

National Technical Systems Announces

Stock Repurchase Plan

 

Calabasas, California - July 10, 2009 - National Technical Systems, Inc. (NASDAQ: NTSC) (NTS) announced today that its Board of Directors has approved a share repurchase plan whereby the Company may repurchase up to 200,000 shares of its Common Stock. Purchases of shares under the plan may be made from time to time, depending on existing market conditions, in the open market, through block trades or privately negotiated transactions.

" When our stock is trading below its net asset value, despite the Company's profitability, our Board believes that the repurchase of shares is a good use of our cash and that such repurchases benefit our shareholders" said William McGinnis, Chief Executive Officer of National Technical Systems. "The share repurchase plan, coupled with recent special dividends and our increasing book value, represent important returns to our shareholders".

The repurchase program will be funded using the Company's available cash resources. Repurchases may be commenced or suspended at any time without prior notice and the Company is not obligated to purchase any specific number of shares.

 

About National Technical Systems, Inc. (NTS)

National Technical Systems, Inc. is a business-to-business services company providing organizations in the aerospace, defense, information technology (IT) and high technology markets integrated testing, certification, quality registration and systems evaluation. For additional information about National Technical Systems, visit its web site at www.ntscorp.com.

 

The statements in this press release that relate to future plans, events or performance, are forward-looking statements that involve risks and uncertainties, including risks associate with uncertainties pertaining to operating new facilities, customer orders, demand for services and products, development of markets for the company’s services and products and other risks identified in the company’s SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The companies undertake no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

 

# # # #

 

 

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