UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On May 17, 2021, Benchmark Electronics, Inc. issued a press release announcing that its Board of Directors has approved a quarterly dividend increase, raising the quarterly dividend 3.1% from 16 cents to 16.5 cents per common share.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. |
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Description |
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99.1 |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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.
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BENCHMARK ELECTRONICS, INC. |
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Date: May 17, 2021 |
By: |
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/s/ Stephen J. Beaver |
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Stephen J. Beaver, Esq. |
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Senior Vice President, General Counsel and Chief Legal Officer |
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Exhibit 99.1
FOR IMMEDIATE RELEASE
BENCHMARK ELECTRONICS ANNOUNCES INCREASE TO QUARTERLY CASH DIVIDEND
TEMPE, AZ, May 17, 2021 – Benchmark Electronics, Inc. (NYSE: BHE) today announced that its Board of Directors has approved a quarterly dividend increase, raising the quarterly dividend from 16 cents to 16.5 cents per common share. At the new rate, the indicated dividend on an annual basis is $0.66 per share compared to the previous rate of $0.64 per share. The new rate of 16.5 cents per common share will apply to future dividends declared and paid to shareholders.
“Our announcement today to increase our dividend reflects our Board’s commitment to creating value for our shareholders, the continued execution of our long-term strategy including capital allocation, and the confidence in our performance and growth”, said Jeff Benck, CEO and President.
About Benchmark Electronics, Inc.
Benchmark provides comprehensive solutions across the entire product life cycle by leading through its innovative technology and engineering design services, leveraging its optimized global supply chain and delivering world-class manufacturing services in the following industries: commercial aerospace, defense, advanced computing, next generation telecommunications, complex industrials, medical, and semiconductor capital equipment. Benchmark's global operations include facilities in seven countries and its common shares trade on the New York Stock Exchange under the symbol BHE.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act). These forward-looking statements are identified as any statement that does not relate strictly to historical or current facts and may include words such as "anticipate," "believe," "intend," "plan," "project," "forecast," "strategy," "position," "continue," "estimate," "expect," "may," "will," "could," "predict," and similar expressions or the negative or other variations thereof. In particular, statements, express or implied, concerning future operating results, our ability to generate sales, income or cash flow, the anticipated impact of the COVID-19 pandemic, the outlook and guidance for second quarter 2021 results, our anticipated plans and responses to the COVID-19 pandemic, our expected revenue mix, our business strategy and strategic initiatives, our repurchases of shares of our common stock and our intentions concerning the payment of dividends, among others, are forward-looking statements. Although we believe these statements are based upon reasonable assumptions, they involve risks, uncertainties and assumptions that are beyond our ability to control or predict, relating to operations, markets and the business environment generally, including those discussed under Part I, Item 1A of the company's Annual Report on Form 10-K for the year ended December 31, 2020 and in any of our subsequent reports filed with the Securities and Exchange Commission (SEC). In particular, these statements also depend on the duration, severity and evolution of the COVID-19 pandemic and related risks, including government and other third-party responses to it and the consequences for the global economy, our business and the businesses of our suppliers and customers, as well as our ability (or inability) to execute on our plans to respond to the COVID-19 pandemic. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes, including the future results of our operations, may vary materially from those indicated. Undue reliance should not be placed on any forward-looking statements. Forward-looking statements are not guarantees
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of performance. All forward-looking statements included in this document are based upon information available to us as of the date of this document, and we assume no obligation to update.
For More Information, Please Contact:
Lisa K. Weeks, SVP, Chief Strategy Officer and Head of Investor Relations
623-300-7052 or lisa.weeks@bench.com
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Cover |
May 17, 2021 |
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Cover [Abstract] | |
Entity Central Index Key | 0000863436 |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | May 17, 2021 |
Entity Registrant Name | BENCHMARK ELECTRONICS, INC. |
Entity File Number | 1-10560 |
Entity Incorporation, State or Country Code | TX |
Entity Tax Identification Number | 74-2211011 |
Entity Address, Address Line One | 56 South Rockford Drive |
Entity Address, City or Town | Tempe |
Entity Address, State or Province | AZ |
Entity Address, Postal Zip Code | 85281 |
City Area Code | 623 |
Local Phone Number | 300-7000 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, par value $0.10 per share |
Trading Symbol | BHE |
Security Exchange Name | NYSE |
Entity Emerging Growth Company | false |
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