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): December 19, 2019
PERCEPTRON, INC.
(Exact name of registrant as specified in charter)
| Michigan | 0-20206 | 38-2381442 |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
| 47827 Halyard Drive, Plymouth, MI | 48170-2461 |
| (Address of principal executive offices) | (Zip Code) |
(734) 414-6100
(Registrant's 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): | ||
| [ ] | 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)) | |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Common Stock, $0.01 par value Rights to Purchase Preferred Stock | PRCP | The Nasdaq Stock Market LLC (Nasdaq Global Market) |
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). Emerging growth company [ ]
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 December 19, 2019, Perceptron, Inc. announced that Giovanni (Gianni) Trivisonni has been named as Vice President & Managing Director of its Italian subsidiary, Coord3 s.r.l. Attached hereto and incorporated by reference as Exhibit 99.1 is the press release relating to such announcement.
Item 9.01. Financial Statements and Exhibits.
D. Exhibits.Exhibit No. Description Exhibit 99.1 Press Release dated December 19, 2019
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.
| PERCEPTRON, INC. | ||
| Date: December 19, 2019 | /s/ Jay W. Freeland | |
| By: Jay W. Freeland | ||
| Its: Chairman of the Board and Interim President and Chief Executive Officer | ||
EXHIBIT 99.1
Perceptron Names Gianni Trivisonni Vice President and Managing Director of Coord3 s. r. l.
PLYMOUTH, Mich., Dec. 19, 2019 (GLOBE NEWSWIRE) -- Perceptron, Inc. (NASDAQ: PRCP), a leading global provider of 3D automated metrology solutions and coordinate measuring machines, today announced that it has named Giovanni (Gianni) Trivisonni as Vice President & Managing Director of Coord3 s.r.l., effective January 13, 2019. Mr. Trivisonni will report directly to Jay Freeland, who serves as Chairman of the Board of Coord3 s.r.l. and Chairman of the Board and Interim President and Chief Executive Officer of Perceptron, Inc. Based in Turin, Italy, Coord3 is the coordinate measurement machine (CMM) business of Perceptron.
“As a recognized leader within the global metrology space, Gianni is a valued addition to the Perceptron leadership team,” stated Mr. Freeland. “Looking ahead, Gianni will be instrumental in helping our team develop and execute on a focused, long-term CMM strategy as we enter our next phase of growth.”
From 2004 to 2018, Mr. Trivisonni was with FARO Technologies, Inc. (NASDAQ: FARO), serving most recently as Director of Metrology for EMEA. Prior roles with FARO included Vice President for South Europe and Country Director for Italy. Mr. Trivisonni served as Director and Attorney for John Guest Italy, a division of RWC Ltd (ASX: RWC) from 2018 to 2019. He has also held various roles at Altran Group, Rand Technologies, Parametric Technology Corporation and Sicme Motori. He graduated from Politenico di Torino University with a PhD in Engineering, Electronics and Laser Optics.
“We would like to thank Carlo Cibien, Gianni’s predecessor, for his four years of dedicated service in managing Coord3 following its acquisition by Perceptron,” stated Mr. Freeland.
About Perceptron®
Perceptron (NASDAQ: PRCP) develops, produces and sells a comprehensive range of automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection and 3D scanning. Products include 3D machine vision solutions, robot guidance, coordinate measuring machines, laser scanning and advanced analysis software. Global automotive, aerospace and other manufacturing companies rely on Perceptron's metrology solutions to assist in managing their complex manufacturing processes to improve quality, shorten product launch times and reduce costs. Headquartered in Plymouth, Michigan, USA, Perceptron has subsidiary operations in Brazil, China, Czech Republic, France, Germany, India, Italy, Japan, Slovakia, Spain and the United Kingdom. For more information, please visit www.perceptron.com.
Safe Harbor Statement
Certain statements in this press release may be “forward-looking statements” within the meaning of the Securities Exchange Act of 1934, including our expectation as to our fiscal year 2020 and future results, operating data, new order bookings, revenue, expenses, net income and backlog levels, trends affecting our future revenue levels, the rate of new orders, the timing of revenue and net income increases from new products which we have recently released or have not yet released, the timing of the introduction of new products and our ability to fund our fiscal year 2020 and future cash flow requirements. Whenever possible, we have identified these forward-looking statements by words such as “target,” “will,” “should,” “could,” “believes,” “expects,” “anticipates,” “estimates,” “prospects,” “outlook,” “guidance” or similar expressions. We claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 for all of our forward-looking statements. While we believe that our forward-looking statements are reasonable, you should not place undue reliance on any such forward-looking statements, which speak only as of the date made. Because these forward-looking statements are based on estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond our control or are subject to change, actual results could be materially different. Factors that might cause such a difference include, without limitation, the risks and uncertainties discussed from time to time in our periodic reports filed with the Securities and Exchange Commission, including those listed in “Item 1A: Risk Factors” of our Annual Report on Form 10-K for fiscal 2019. Except as required by applicable law, we do not undertake, and expressly disclaim, any obligation to publicly update or alter our statements whether as a result of new information, events or circumstances occurring after the date of this report or otherwise.
Contact:
Investor Relations
investors@perceptron.com