0000891014-13-000032.txt : 20130920 0000891014-13-000032.hdr.sgml : 20130920 20130919175121 ACCESSION NUMBER: 0000891014-13-000032 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130918 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130920 DATE AS OF CHANGE: 20130919 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MINERALS TECHNOLOGIES INC CENTRAL INDEX KEY: 0000891014 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INORGANIC CHEMICALS [2810] IRS NUMBER: 251190717 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11430 FILM NUMBER: 131106305 BUSINESS ADDRESS: STREET 1: 622 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10017-6707 BUSINESS PHONE: 212-878-1800 MAIL ADDRESS: STREET 1: 622 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10017-6707 8-K 1 form8k.htm MTI FROM 8-K SHARE REPURCHASE

 
 

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): September 18, 2013
 

MINERALS TECHNOLOGIES INC.
(Exact name of registrant as specified in its charter)

Delaware
   
    1-11430
   
25-1190717
(State or other jurisdiction
of incorporation)
 
(Commission File
Number)
 
(IRS Employer
 Identification No.)

  622 Third Avenue, New York, NY
                
10017-6707
(Address of principal executive offices)
 
(Zip Code)

 
(212) 878-1800
 
(Registrant's telephone number, including area code)


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 September 19, 2013 the Company issued a press release announcing that on September 18, 2013 its Board of Directors authorized a $150 million share repurchase program that it will execute over a two-year period. This authorization will become effective when the current two-year $75 million program is completed in October of this year.

A copy of the press release announcing the share repurchase program is attached hereto as Exhibit 99.1 and incorporated by reference herein.


Item 9.01                          Financial Statements and Exhibits.

(d)
Exhibits

99.1 Press Release Dated September 19, 2013





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.



                                          
                                        
MINERALS TECHNOLOGIES INC.
 
 
(Registrant)
 
 
 
 
 
 
 
 
 
 
By:
/s/ Thomas J. Meek
 
 
Name:
Thomas J. Meek
 
 
Title:
Senior Vice President, General Counsel,
 
 
 
Human Resources, Secretary and Chief
 
 
 
Compliance Officer
 
 
 
  Date:  September 19, 2013
 
 













MINERALS TECHNOLOGIES INC.
 
 
EXHIBIT INDEX
 
 
 
 
Exhibit No.
__________
     
Subject Matter                                                       
____________________________________________________________
 
 
 
99.1
     
Press Release dated September 19, 2013









EX-99.1 2 ex99-1.htm MTI PRESS RELEASE SHARE REPURCHASE PROGRAM

 

                 

EXHIBIT 99.1
News
For Immediate Release
Contact:
September 19, 2013
Rick B. Honey
 
(212) 878-1831


MINERALS TECHNOLOGIES BOARD AUTHORIZES $150 MILLION, TWO-YEAR SHARE REPURCHASE PROGRAM
----------

NEW YORK, September 19—Minerals Technologies Inc. (NYSE: MTX) announced today that its Board of Directors has authorized a $150 million share repurchase program that it will execute over a two-year period. This authorization will become effective when the current two-year $75 million program is completed in October of this year.

"Our Board of Directors has indicated its confidence in the company's strategic direction, high performance and cash-generating ability by authorizing a share repurchase program that is twice as large as previous buyback programs," said Robert S. Wetherbee, president and chief executive officer. "This larger program is a continuation of the balanced approach to the use of our cash that we have been taking to increase shareholder value."

Minerals Technologies Inc. is a resource- and technology-based growth company that develops, produces and markets worldwide a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services. The company recorded sales of $1.01 billion in 2012.
 ----------
For further information about Minerals Technologies Inc. look on the internet at http://www.mineralstech.com/
----------
Contact:
Rick B. Honey
(212) 878-1831







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