8-K 1 finalconsolbalsheet.txt 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): February 7, 2002 CTS CORPORATION (Exact Name of Registrant as Specified in Its Charter) Indiana 1-4639 35-0225010 (State or Other Jurisdiction (Commission File Numbers) (I.R.S. Employer of Incorporation) Identification Nos.) 905 West Boulevard North Elkhart, Indiana 46514 (Address of Principal Executive Offices) (Zip Code) Registrants' Telephone Number, Including Area Code: (574) 293-7511 -------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Item 5. Other Events. Information from the balance sheets, dated December 31, 2001; December 31, 2000, a copy of which is filed as Exhibit 99.1 hereto and which information is incorporated herein by reference, will be included in materials presented by CTS Corporation at the Wall Street Analyst Forum, February 13, 2002. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (a) Financial Statements of Business Acquired. Not applicable. (b) Pro Forma Financial Information. Not applicable. (c) Balance Sheets, Dated December 31, 2001; December 31, 2000. The following exhibits are filed with this report: Exhibit No. Exhibit Description ----------- ------------------- 99.1 Balance Sheets Dated December 31, 2001; December 31, 2000 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 thereunto duly authorized. CTS CORPORATION /s/ Richard G. Cutter -------------------------------- By: Richard G. Cutter Vice President, Secretary and General Counsel Date: February 7, 2002 EXHIBIT INDEX ------------- Exhibit No. Exhibit Description ----------- ------------------- 99.1 Balance Sheets Dated December 31, 2001; December 31, 2000 Exhibit 99.1 CTS Corporation Condensed Consolidated Balance Sheets- Unaudited ------------------------------------------------ December December 31, 2001 31, 2000 * -------- ---------- (Unaudited) Cash and equivalents $ 13,255 $ 20,564 Accounts receivable, net 81,563 145,920 Inventories, net 50,149 104,316 Other current assets 55,707 34,896 -------- -------- Total current assets 200,674 305,696 -------- -------- Property, Plant & Equipment, net 191,958 224,861 Other Assets 175,299 142,372 -------- -------- Total Assets $567,931 $672,929 ======== ======== Current maturities of long-term debt $ 27,500 $ 10,000 Notes payable - 7,397 Accounts payable 50,842 100,394 Other accrued liabilities 75,515 85,100 -------- -------- Total current liabilities 153,857 202,891 -------- -------- Long-term debt 125,013 178,000 Other long-term obligations 2,836 6,689 Other liabilities 43,352 38,992 Shareholders' equity 242,873 246,357 -------- -------- Total Liabilities and Shareholders' Equity $567,931 $672,929 ======== ======== * The balance sheet at December 31, 2000 has been derived from the audited financial statements at that date.