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) January 22, 2015
Park Electrochemical Corp. | ||
(Exact Name of Registrant as Specified in Charter) | ||
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New York |
1-4415 |
11-1734643 |
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
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48 South Service Road, Melville, |
New York |
11747 |
(Address of Principal Executive Offices) |
(Zip Code) | |
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Registrant's telephone number, including area code |
(631)465-3600 |
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:
[ ] 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 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] 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 January 22, 2015, the Board of Directors of Park Electrochemical Corp. (the “Company”) declared a special cash dividend of $1.50 per share payable February 24, 2015 to shareholders of record at the close of business on February 10, 2015.
The Company issued a news release on January 22, 2015 announcing the special cash dividend.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits.
99.1 News Release dated January 22, 2015.
SIGNATURE
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.
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PARK ELECTROCHEMICAL CORP. |
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Date: January 23, 2015 |
By: |
/s/ Stephen E. Gilhuley |
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Name: |
Stephen E. Gilhuley |
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Title: |
Executive Vice President-Administration and Secretary |
EXHIBIT INDEX
Number Exhibit |
Description |
Page |
99.1 |
News Release dated January 22, 2015 |
5 |
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Exhibit 99.1
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NEWS RELEASE |
Contact: Martina Bar Kochva |
48 South Service Road |
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Melville, NY 11747 |
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(631) 465-3600 |
PARK ELECTROCHEMICAL CORP. ANNOUNCES SPECIAL CASH DIVIDEND
Melville, New York, Thursday, January 22, 2015......Park Electrochemical Corp. (NYSE – PKE) announced that its Board of Directors has declared a special cash dividend of $1.50 per share payable February 24, 2015 to shareholders of record at the close of business on February 10, 2015.
This special dividend, together with the Company’s regular quarterly dividend of $0.10 per share payable February 2, 2015 to shareholders of record on January 5, 2015, will bring the Company’s total return of capital to its shareholders, in the form of regular and special cash dividends, to $15.90 per share and a total of approximately $327 million since the Company’s 2005 fiscal year. These returns of capital will be in addition to any purchases of the Company’s common stock pursuant to its recently announced Board of Directors’ authorization of the Company’s purchase of up to 1,250,000 shares of common stock, representing approximately 6% of the Company’s total outstanding shares on January 7, 2015.
Park Electrochemical Corp. is a global advanced materials company which develops and manufactures high-technology digital and RF/microwave printed circuit materials principally for the telecommunications and internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies and low-volume tooling for the aerospace markets. Park’s core capabilities are in the areas of polymer chemistry formulation and coating technology. The Company’s manufacturing facilities are located in Singapore, France, Kansas, Arizona and California. The Company also maintains R & D facilities in Arizona, Kansas and Singapore.
Additional corporate information is available on the Company’s web site at www.parkelectro.com.
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