8-K

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):  March 21, 2016

CTS CORPORATION

(Exact Name of Registrant as Specified in its Charter)

Indiana	1-4639	35-0225010
(State or other jurisdiction of incorporation)	(Commission File Number)	(1.R.S. Employer Identification No)

1142 W. Beardsley Ave.
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 simultaneouslysatisfy the filing obligation

of the registrant under any of the following provisions (see General Instruction A.2.):

☐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 240.14a12)

☐Pre-commencement communications pursuant to Rule 14d 2(b) under the Exchange Act ( 17 CFR 240. l 4d2(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 Disclosure.

The investor presentation included as Exhibit 99.1 to this report may be presented at meetings with investors, analysts, and others, in whole or in part and possibly with modifications, during the fiscal year ending December 31, 2016.

The investor presentation includes financial information not prepared in accordance with generally accepted accounting principles (“GAAP”). A reconciliation of the non-GAAP financial measures to the most directly comparable financial measures prepared in accordance with generally accepted accounting principles, as required by Regulation G, is included in the investor presentation and is also available on our website at www.ctscorp.com. The Company believes that the non-GAAP financial measures provide investors additional ways to view our operations which we believe provide a more complete understanding of our business than could be obtained absent these disclosures. We believe the non-GAAP financial measures also provide investors a useful tool to assess shareholder value.

By filing this Current Report on Form 8-K and furnishing the information contained herein, the Company makes no admission as to the materiality of any information in this report that is required to be disclosed solely by reason of Regulation FD.

The information contained in the investor presentation is summary information that is intended to be considered in the context of the Company's Securities and Exchange Commission (“SEC”) filings and other public announcements that the Company may make, by press release or otherwise, from time to time.  The Company undertakes no duty or obligation to publicly update or revise the information contained in this report, although it may do so from time to time as its management believes is warranted.  Any such updating may be made through the filing of other reports or documents with the SEC, through press releases or through other public disclosure.

The information presented in Item 7.01 of this Current Report on Form 8-K and Exhibit 99.1 shall not be deemed to be “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, unless the Company specifically states that the information is to be considered “filed” under the Exchange Act or specifically incorporates it by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act.

Item 9.01 Financial Statements and Exhibits.

ExhibitDescription                            

99.1    Investor Presentation dated March 21, 2016

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.

Date: March 21, 2016     CTS CORPORATION

By:	/s/ Ashish Agrawal
	Ashish Agrawal
	Vice President, Chief Financial Officer

EX-99.1

Investor Presentation March 2016

Safe Harbor Statement This presentation 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. Forward-looking statements are based on management's expectations, certain assumptions and currently available information. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and are based on various assumptions as to future events, the occurrence of which necessarily are subject to uncertainties. 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. Examples of factors that may affect future operating results and financial condition include, but are not limited to: changes in the economy generally and in respect to the businesses in which CTS operates; unanticipated issues in integrating acquisitions; the results of actions to reposition our businesses; rapid technological change; general market conditions in the automotive, communications, and computer industries, as well as conditions in the industrial, defense and aerospace, and medical markets; reliance on key customers; unanticipated natural disasters or other events; the ability to protect our intellectual property; pricing pressures and demand for our products; unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters as well as any product liability claims; and risks associated with our international operations, including trade and tariff barriers, exchange rates and political and geopolitical risks. Many of these, and other, risks and uncertainties are discussed in further detail in Item 1A. of the Annual Report on Form 10-K. We undertake no obligation to publicly update our forward- looking statements to reflect new information or events or circumstances that arise after the date hereof, including market or industry changes. 2

Our Company 3 Ticker: CTS (NYSE) Founded: 1896 Business: CTS is a leading designer and manufacturer of sensors, actuators and electronic components. Locations: 11 manufacturing locations throughout North America, Asia and Europe. Number of Employees: ~3,000 Globally 2015 Sales: $382 Million Sales by Market:  Transportation – 67%  Industrial – 14%  Information Technology – 5%  Defense / Aerospace – 5%  Medical – 3%  Communications – 3% Other – 3% Sales by Region:  Americas – 55%  Asia – 32%  Europe – 13% Note: Sales by market and region based on 2015 sales

4 Our History - 120 Years of Innovation

Our New Identity 5 CTS has been part of the future for 120 years. As technology has continued to move forward, we’ve been right alongside, engineering intelligent ways to meet people’s ever changing needs. Today is no different and we continue to reinvent ourselves by establishing a new identity. New visuals and graphics are representative of our renewed purpose, vision, promise and value proposition. To learn more, visit www.ctscorp.com Our Purpose: We’re here to enable an intelligent and seamless world. Our Vision: We aim to be a leading provider of sensing and motion devices as well as connectivity components, enabling an intelligent and seamless world. Our Promise: Your Partner in Smart Solutions Our Value Proposition: Sense. Connect. Move.

Our Customers 6 Ind. / Defense New European OEM Transportation Medical Communications Industrial / IT Distribution Transportation Industrial / IT Other

Our Products 7 Accelerator Pedals Switches & Controls Timing Components RF Filters EMI/RFI Filters Smart Actuators Micro Actuators Torque Motor Actuator Sensors

LV I M CV C/IT AD [CATE GORY NAME ] I C AD M IT/O LV I M CV C/IT AD 30-50% 20-30% 10-20% 10-20% 10-20% 5-15% Targeted End Markets Light Vehicles Industrial Medical Commercial Vehicles Comm./IT Aviation/Defense EMS Divestiture Front End Refocus New Customers Regional Expansion Organic Projects M&A Legend: AD: Aviation/Defense C: Communications CV: Commercial Vehicles I: Industrial IT: Information Technology LV: Light Vehicles M: Medical O: Others Organic Growth Innovation M&A Diversify End Markets 8 LV/CV I C DA M O

New Products, New Applications, New Customers Develop next generation sensor products Expanded pedal applications Expanded switch and control product line Expanded piezo-ceramic applications and new technologies:  Naval sonar buoys  Naval hydrophones  Miniature medical ultrasound Organic Growth - Focusing on Our Value Proposition 9 Low power OCXO RF monoblock modules and ClearPlex Waveguide technology for telecom and military markets Broaden portfolio of distribution products Leverage current competencies to expand actuator portfolio Expanded piezo-ceramic applications and new technologies:  Naval sonar buoys  Industrial ultrasonic welding

Inorganic Growth - Targeted Acquisitions 10 Disciplined approach to acquisitions:  Returns in excess of cost of capital  Accretive to earnings  Maintain balance sheet strength  Synergy opportunities Strengthen Customer Relationships Expand Product Range Broaden Geographic Reach Enhance Technology Portfolio

Channel Technologies Group, Advanced Materials Division (CTG-AM) Acquisition 11 CTG-AM Overview  Founded in 1997 and located in Bolingbrook, IL  Is the industry leader for the design and manufacture of piezoelectric single crystals for use in the medical and defense industries  Is the leading large scale, vertically integrated manufacturer of single crystals, having invested heavily in refining proprietary production processes and equipment  Has existing long-term relationships with blue chip OEM customers Single Crystal Applications  Materials are needed for high definition ultrasound imaging devices, currently the fastest-growing medical imaging market  Other applications include wireless pacemakers, implantable hearing aids and defense technologies, among others Acquisition Rationale  Increases CTS’ presence within the growing medical market, especially in high definition ultrasound imaging devices  Provides intellectual property, trade knowledge and manufacturing methods, creating significant barriers to entry and expanding CTS’ product and technology portfolio  Aligns with strategy around Sense, Connect and Move, complementing existing products 2D 3D or 4D Single crystal technology produces higher quality ultrasound images (right) compared to traditional technology (left) Traditional Technology Single Crystal Technology

FST Overview  Start-up founded by two MIT Ph. D. graduates located in the Boston area  Innovative sensing technology that uses a low power RF signal to measure soot and ash loading on Diesel Particulate Filters (DPF) or Gasoline Particulate Filters (GPF)  Suitable for aftertreatment systems in Passenger or Commercial Vehicles, diesel or gasoline. Filter Sensing Technologies (FST) Acquisition 12 RF Sensing – DPF/GPF Benefits  Highly accurate direct measurement of both soot and ash in DPF/GPF  Optimize DPF/GPF to improve efficiency and reduce ash maintenance  Reduce fuel consumption by optimizing particulate filter regeneration  Enable aftertreatment system cost reduction  Potential to integrate on-board diagnostics function while providing significant value add  Extended filter component life and reduce warranty claims Acquisition Rationale  Disruptive sensing technology with potential to become a sensing platform  Entry point into aftertreatment applications in Transportation applications  Potential applications outside transportation  Leverages CTS core capabilities

$305 $409 $404 $382 2012 2013 2014 2015 2016E Sales $0.64 $0.82 $0.97 $0.93 2012 2013 2014 2015 2016E Adjusted Earnings Per Share $400 $390 $1.05 $0.95 +2% to 13% 13 Note 1: Sales are from continuing operations. Adjusted EPS is as reported. +2% to 5% Note 2: 2016E represents guidance provided on February 8, 2016. Annual Financial Performance Trend ($ Millions except Adjusted Earnings Per Share)

New Business Awards 14 $299 2Q-4Q $484 $560 2012 2013 2014 2015 Not Reported 1Q Not Reported ($ Millions) 16% Growth

Improved Cost Structure  Manufacturing locations  Reduced from 15 to 11  Utilization of best cost manufacturing locations up from ~50% in 2013 to >80% by 2017 – ~70% at the end of 2015  Shift SG&A spend – Increase Sales & Marketing, Optimize G&A  Improve presence in Europe and Asia  Increase customer intimacy  Lean corporate office  G&A best cost optimization  Continue to fund R&D for growth  Closer to customer  Best cost optimization 15

Equity 76% [CATEGOR Y NAME] $124 $135 $157 $75 $75 $91 2013 2014 2015 Strong Balance Sheet and Conservative Capital Structure Capital Structure 16 Total Debt to Capitalization Net Debt $(49) $(60) Current Capital Structure ($200M Facility) Debt Cash $(66) ($ Millions except percentages)

Capital Structure Leverage = 1.0x - 2.5x EBITDA Operating Cash Flow Return Capital to Shareholders ~4% of Sales 20-40% of Free Cash Flow 12-14% of Sales 60-80% of Free Cash Flow Target Capital Deployment – Disciplined Approach 17 Growth Acquisitions Investment Dividends & Buybacks

Appendix

19 Switches & Controls Resistor Networks EMI/RFI Filters RF Filters Piezoelectric Frequency Mechatronics Sensors Accelerator Pedals Bosch, Denso, Hella, KSR Alps, Bourns, Bosch, Continental, Delphi, Sensata, Stoneridge, TT (AB), Tyco Electronics (TE) Borg Warner, Continental, Delphi, Denso, Johnson Electric, Minebea, Mitsuba, Mitsubishi Electric, Valeo Epson, Mtron, NDK, Rakon, Si Labs, Tai Tien, TEW, Vectron Channel Technology Group, Exelis, Morgan, Murata, NGK/Sumitomo, TDK Partron, Shangshin Elecom, UBE API Technologies, AVX, Corry Micronics, Ferroperm, Spectrum Conrols, Stelco BI Tech, Bourns, KOA Alps, BI Tech, Bourns, C&K, Diptronics, ECE, Elma, Grayhill, Tocos CTS Competitors

CTS Core Values 20

Financial Summary Note 1: See Regulation G reconciliations from GAAP to Non-GAAP measures and adjustments. Note 2: All figures are from continuing operations except for Adjusted Diluted EPS (As Reported), Operating Cash Flow and Total Debt / Capitalization 21 ($ Millions, except percentages and Adjusted Diluted EPS) Net Sales Adjusted Diluted EPS (As Reported) Operating Cash Flow Total Debt / Capitalization Depreciation and Amortization 2015 $382.3 $0.93 $38.6 24.4% $16.3 2014 $404.0 $0.97 $32.4 20.6% $17.0 2013 $409.5 $0.82 $37.6 20.2% $17.3 2012 $304.5 $0.64 $41.7 36.4% $13.5 2011 $279.9 $0.67 $22.2 22.0% $12.1 Adjusted EBITDA Adjusted EBITDA % of Sales $60.9 15.9% $66.5 16.5% $54.5 13.3% $28.7 9.4% $29.5 10.5%

Regulation G Schedules 22 ($ Millions, except percentages) Adjusted EBITDA 2015 2014 2013 2012 2011 Net earnings from continuing operations 7.0 $ 26.5 $ 2.0 $ 13.5 $ 11.3 $ Depreciation and amortization expense 16.3 $ 17.0 $ 17.3 $ 13.5 $ 12.1 $ Interest expense 2.6 $ 2.3 $ 3.3 $ 2.6 $ 2.1 $ Tax expense 5.3 $ 12.8 $ 16.1 $ 1.0 $ 1.1 $ EBITDA from continuing operations 31.2 $ 58.6 $ 38.6 $ 30.5 $ 26.5 $ Charges (credits) to EBITDA from continuing operations: Restructuring, restructuring-related, and asset impairment charges 15.2 $ 7.9 $ 11.8 $ 4.5 $ 2.6 $ Gain on sale-leaseback - $ - $ - $ (10.3) $ - $ Additional legal costs - $ - $ - $ 1.5 $ 0.3 $ Non-recurring environmental charge 14.5 $ - $ - $ - $ - $ Additional CEO search, legal costs and acquisition - $ - $ 4.1 $ 2.5 $ - $ Total adjustments to reported operating earnings from continuing operations 29.7 $ 7.9 $ 15.9 $ (1.8) $ 3.0 $ Adjusted EBITDA from continuing operations 60.9 $ 66.5 $ 54.5 $ 28.7 $ 29.5 $ Sales from continuing operations 382.3 $ 404.0 $ 409.5 $ 304.5 $ 279.9 $ Adjusted EBITDA as a % of sales from continuing operations 15.9% 16.5% 13.3% 9.4% 10.5% Full Year

Regulation G Schedules 23 Adjusted Diluted EPS ($ Millions, except percentages) Total Debt to Capitalization 2015 2014 2013 2012 2011 Total debt (A) 90.7 $ 75.0 $ 75.0 $ 153.5 $ 74.4 $ Total shareholders' equity (B) 281.7 $ 289.8 $ 296.9 $ 267.8 $ 263.3 $ Total capitalization (A+B) 372.4 $ 364.8 $ 371.9 $ 421.3 $ 337.7 $ Total debt to capitalization 24.4% 20.6% 20.2% 36.4% 22.0% As of December 31 2015 2014 2013 2012 2011 2013 2012 2011 Diluted earnings (loss) per share 0.21 $ 0.78 $ 0.06 $ 0.39 $ 0.32 $ (0.12) $ 0.59 $ 0.60 $ Tax affected charges (credits) to reported diluted earnings per share: Restructuring, restructuring-related, and asset impairment charges 0.40 $ 0.18 $ 0.28 $ 0.10 $ 0.05 $ 0.28 $ 0.19 $ 0.06 $ Gain on sale-leaseback - $ - $ - $ (0.23) $ - $ - $ (0.23) $ - $ Additional CEO search and legal costs - $ - $ - $ 0.04 $ 0.01 $ - $ 0.04 $ 0.01 $ CEO transition costs - $ - $ 0.07 $ 0.01 $ - $ 0.07 $ 0.01 $ - $ Acquisition-related costs - $ - $ - $ 0.04 $ - $ - $ 0.04 $ - $ EMS divestiture - $ - $ - $ - $ - $ 0.25 $ - $ - $ Non-recurring environmental charge 0.27 $ - $ - $ - $ - $ - $ - $ - $ Tax impact of cash repatriation 0.26 $ - $ 0.31 $ - $ - $ 0.31 $ - $ - $ Tax asset write-off related to restructuring - $ 0.01 $ - $ - $ - $ - $ - $ - $ Tax impact of U.K. deferred tax asset write-off - $ - $ 0.03 $ - $ - $ 0.03 $ - $ - $ Increase in recognition of foreign valuation allowance 0.10 $ - $ - $ - $ - $ - $ - $ - $ Increase in recognition of uncertain tax benefits 0.17 $ - $ - $ - $ - $ - $ - $ - $ Change in treatment of certain foreign taxes (0.48) $ - $ - $ - $ - $ - $ - $ - $ Adjusted diluted earnings per share 0.93 $ 0.97 $ 0.75 $ 0.35 $ 0.38 $ 0.82 $ 0.64 $ 0.67 $ Full Year - From Continuing Operations Full Year - As Reported