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
August 30, 2016
Date of Report (Date of earliest event reported)
MONOTYPE IMAGING HOLDINGS INC.
(Exact name of registrant as specified in its charter)
Delaware | 001-33612 | 20-3289482 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File No.) |
(IRS Employer Identification No.) |
600 Unicorn Park Drive
Woburn, Massachusetts 01801
(Address of Principal Executive Offices, including Zip Code)
Registrants telephone number, including area code: (781) 970-6000
Not Applicable
(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)) |
Item 7.01 Regulation FD.
On August 30, 2016, Monotype Imaging Holdings Inc. (the Company) issued a press release announcing that its Board of Directors approved a $25 million share repurchase program. A copy of the press release is furnished as Exhibit 99.1.
The information included on this Form 8-K pursuant to Item 7.01 (including Exhibit 99.1) shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) | Exhibits. |
99.1 | Press Release, dated as of August 30, 2016, of Monotype Imaging Holdings Inc.* |
* Furnished herewith.
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 hereunto duly authorized.
MONOTYPE IMAGING HOLDINGS INC. | ||||||||
Date: August 30, 2016 | By: | /s/ Scott E. Landers | ||||||
Scott E. Landers Chief Executive Officer |
EXHIBIT LIST
Exhibit
99.1 | Press Release, dated as of August 30, 2016, of Monotype Imaging Holdings Inc.* |
* Furnished herewith.
Exhibit 99.1
Monotype Announces $25 Million Stock Repurchase Program
WOBURN, Mass., August 30, 2016 Monotype (Nasdaq: TYPE), a leader in helping to empower expression and engagement through type, technology and expertise, announced today that its board of directors has authorized the Company to implement a stock repurchase plan up to $25 million of outstanding shares of common stock through the end of 2017.
Purchases may be made in the open market, structured repurchase programs, or in privately negotiated transactions, subject to availability. The share repurchase program does not obligate Monotype to acquire any particular amount of common stock, and the program may be suspended or discontinued at any time.
Our executive team and board of directors are confident in Monotypes long-term strategy and growth potential, and we believe this stock repurchase program reinforces our commitment to delivering both short- and long-term shareholder value, said Scott Landers, president and CEO of Monotype. We dont believe our current stock price reflects the value of our business today and feel the combination of our financial position, market expertise and strategic investments will allow us to create greater shareholder value in the quarters ahead.
Forward-looking statements
This press release may contain forward-looking statements, including those related to the authorized share repurchase program, that involve risks and uncertainties that could cause the companys actual results to differ materially. Factors that might cause or contribute to such differences include, but are not limited to: risks associated with changes in the economic climate and other risks associated with the companys ability to implement the share repurchase program. Additional disclosure regarding risks faced by the company is available in the companys public filings with the Securities and Exchange Commission, including the risk factors included in the companys Annual Report on Form 10-K for the year ended Dec. 31, 2015 and subsequent filings, including filings on Form 10-Q and 8-K. While Monotype may elect to update forward-looking statements at some point in the future, the company specifically disclaims any obligation to do so.
About Monotype
Monotype is a leader in empowering expression and engagement through a combination of type, technology and expertise. Headquartered in Woburn, Mass., Monotype provides customers worldwide with typeface solutions for a broad range of creative applications and consumer devices. The companys libraries and e-commerce sites are home to many of the most widely used typefaces including the Helvetica®, Frutiger® and Univers® families as well as the next generation of type designs. Further information is available at www.monotype.com. Follow Monotype on Twitter, Instagram and LinkedIn.
# # #
Contact:
Monotype
Amy Aylward
amy.aylward@monotype.com
781-970-6070