UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
Current Report
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| Item 8.01. | Other Events. |
On March 10, 2021, Allied Motion Technologies Inc. (the “Company”) issued a press release announcing a three-for-two stock split of the Company’s common stock, which will be made in the form of a 50% stock dividend. Shareholders of record at the close of business on April 16, 2021 will receive one additional share of Company common stock for every two shares owned. These additional shares will be distributed on April 30, 2021. Cash will be distributed in lieu of fractional shares based on the closing price on the record date. The Company has approximately 9.8 million shares outstanding and, after the split, the Company will have approximately 14.6 million shares outstanding.
In such press release the Company also announced a quarterly cash dividend of $0.03 per common share. The cash dividend will be paid on April 7, 2021 to shareholders of record on March 24, 2021. The cash dividend will be paid on pre-split shares.
A copy of the press release is furnished herewith as Exhibit 99.1.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. The following exhibits are filed herewith. |
| 99.1 | Press Release dated March 10, 2021. |
| 104 | Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101) |
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 11, 2021 |
| ALLIED MOTION TECHNOLOGIES INC. | ||
| By: | /s/ Michael R. Leach | |
| Michael R. Leach | ||
| Chief Financial Officer | ||