UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 27, 2013
DONALDSON COMPANY, INC.
(Exact name of registrant as specified in its charter)
Delaware |
1-7891 |
41-0222640 |
(State or other jurisdiction |
(Commission file number) |
(I.R.S. Employer |
1400 West 94th Street
Minneapolis, MN 55431
(Address of principal executive offices) (Zip Code)
(952) 887-3131
Registrants telephone number, including area code
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):
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))
Item 8.01. Other Events and Regulation FD Disclosure.
On September 27, 2013, Donaldson Company, Inc. (the Company) announced that the Companys Board of Directors authorized the repurchase of up to 15 million common shares. The new repurchase authorization replaces the existing authority that was approved in March 2010.
A copy of the press release that discusses these matters is filed as Exhibit 99.1 to, and incorporated by reference in, this report.
(c) Exhibits.
99.1 |
|
Press Release, dated September 27, 2013, issued by Donaldson Company, Inc. |
|
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: September 27, 2013
|
DONALDSON COMPANY, INC. | ||
|
|||
|
|||
|
By: |
/s/ Norman C. Linnell | |
|
|
Name: |
Norman C. Linnell |
|
|
Title: |
Vice President, General Counsel and |
Exhibit No. |
Description |
| |
99.1 |
|
Press Release, dated September 27, 2013, issued by Donaldson Company, Inc. |
Exhibit 99.1
FOR IMMEDIATE RELEASE: Friday, September 27, 2013 |
FOR FURTHER INFORMATION: Rich Sheffer (952) 887-3753 |
DONALDSON COMPANY AUTHORIZES SHARE REPURCHASE PROGRAM
MINNEAPOLIS, MN (Sept. 27, 2013) – Donaldson Company, Inc. (NYSE: DCI), announced today that its Board of Directors authorized the repurchase of up to 15 million common shares, or approximately 10 percent of its outstanding shares. The new repurchase authorization replaces the existing authority that was approved in March 2010. The Company has repurchased 14 million shares out of the 16 million shares in the March 2010 authorization. The new 15 million share authorization is effective until otherwise modified by the Board.
This new share repurchase program is consistent with the Company’s longstanding share repurchase philosophy. “We believe that the consistent repurchasing of our shares is another great way of returning value to our Shareholders, in addition to our dividend policy and our Company’s growth,” said Jim Shaw, Donaldson’s CFO. Over the past 24 years, the Company has reduced its shares outstanding by an average of 2 percent per year.
About Donaldson Company
Donaldson is a leading worldwide provider of filtration systems that improve people’s lives, enhance our Customers’ equipment performance, and protect our environment. We are a technology-driven Company committed to satisfying our Customers’ needs for filtration solutions through innovative research and development, application expertise, and global presence. Our approximately 12,600 employees contribute to the Company’s success by supporting our Customers at our more than 140 sales, manufacturing, and distribution locations around the world.
Donaldson is a member of the S&P MidCap 400 and Russell 1000 indices, and our shares trade on the NYSE under the symbol DCI. Additional information is available at www.donaldson.com.
# # #