-----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, IxSscYUHGtKCNMzV9SgjGnqNe2lMXREnZlNaawjzsjPi+HTpt4JcUmf6SBVxMzmm hMLrZchqEw7o6p4uOivpdA== 0000026058-07-000057.txt : 20070702 0000026058-07-000057.hdr.sgml : 20070702 20070702140823 ACCESSION NUMBER: 0000026058-07-000057 CONFORMED SUBMISSION TYPE: 8-K CONFIRMING COPY: PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070702 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070702 DATE AS OF CHANGE: 20070702 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CTS CORP CENTRAL INDEX KEY: 0000026058 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS & ACCESSORIES [3670] IRS NUMBER: 350225010 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04639 BUSINESS ADDRESS: STREET 1: 905 WEST BOULEVARD NORTH CITY: ELKHART STATE: IN ZIP: 46514 BUSINESS PHONE: 5742937511 MAIL ADDRESS: STREET 1: 905 W BLVD NORTH CITY: ELKHART STATE: IN ZIP: 46514 8-K 1 form8k.htm FORM 8-K 7-2-07 form8k.htm


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 Filing (Date of Report and Earliest Event Reported): July 2, 2007 (June 28, 2007)


CTS CORPORATION
(Exact Name of Registrant as Specified in Charter)


Indiana
1-4639
35-0225010
(State or Other Jurisdiction of Incorporation)
(Commission File Numbers)
(I.R.S. Employer Identification Nos.)
     
905 West Boulevard North
    
Elkhart, Indiana
  
46514
(Address of Principal Executive Offices)
  
(Zip Code)

   Registrant’s Telephone Number, Including Area Code:          (574) 523-3800
 
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:
 
q  
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
q  
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
q  
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
q  
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




Item 8.01
Other Events.

On June 28, 2007, the Board of Directors of CTS Corporation, an Indiana corporation, authorized a program for the repurchase of up to 2 million shares of its outstanding common stock.  On July 2, 2007, CTS Corporation issued a press release announcing this repurchase program.  A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.


Item 9.01
Financial Statements and Exhibits.

      (d)    Exhibits.
                  
Exhibit No.  Exhibit Description
                99.1         Press Release dated  July 2, 2007 

 


SIGNATURES

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

CTS CORPORATION RETIREMENT SAVINGS PLAN


                                         /s/ Richard G. Cutter III               
  By:  Richard G. Cutter III
          Vice President, General Counsel
          and Secretary

Date:  July 2, 2007
 EX-99.1 CHARTER 2 exhibit99_1.htm EXHIBIT 99.1 7-2-07 exhibit99_1.htm
       

                             newsrelease
 
                                          CTS CORPORATION  Elkhart, Indiana 46514h(574) 293-7511
 
                            July 2, 2007
FOR RELEASE:  Immediately


CTS Corporation Authorizes Buyback of Up to Two Million Shares
 of Company Stock

Elkhart, IN…CTS Corporation (NYSE: CTS) announced today that its Board of Directors authorized the repurchase of up to two million of its outstanding shares of common stock, for cash, in the open market on the New York Stock Exchange or in privately negotiated transactions.  The two million shares would represent approximately six percent of the Company’s 36 million outstanding shares of common stock.  Of the previously authorized one million share program dated November 2, 2005, CTS purchased 705,000 shares.  The program expired June 29, 2007.

The purchases will be made from generally available funds of the Company.  The amount, timing and price of purchases will depend on market conditions and other factors.

About CTS
CTS is a leading designer and manufacturer of electronic components and sensors and a provider of electronics manufacturing services (EMS) to OEMs in the automotive, computer, communications, medical, defense and aerospace and industrial markets. CTS manufactures products in North America, Europe and Asia. CTS' stock is traded on the NYSE under the ticker symbol "CTS.”   To find out more, visit the CTS Web site at www.ctscorp.com.

Safe Harbor Statement
This press release contains statements that are, or may be deemed to be, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  These forward-looking statements include, but are not limited to, any financial or other guidance, statements that reflect our current expectations concerning future results and events, and any other statements that are not based solely on historical fact.  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.  These forward-looking statements are made subject to certain risks, uncertainties and other factors, which could cause our actual results, performance or achievements to differ materially from those presented in the forward-looking statements.  For more detailed information on the risks and uncertainties associated with CTS’ business, see the reports CTS files with the SEC.  CTS undertakes no obligation to publicly update its forward-looking statements to reflect new information or events or circumstances that arise after the date hereof, including market or industry changes.

Contact:                 Mitchell J. Walorski, Director Planning and Investor Relations
CTS Corporation, 905 West Boulevard North, Elkhart, IN 46514
Telephone (574) 293-7511  FAX (574) 293-6146


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