Current Report Filing (8-k)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): June 12, 2015

Electro Rent Corporation

(Exact Name of Registrant as Specified in Charter)



California	0-9061	95-2412961
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)



6060 Sepulveda Boulevard, Van Nuys, CA	91411-2501
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (818) 787-2100

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):



	o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)



	o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)



	o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))



	o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



Item 8.01.	Other Events

The following information is furnished pursuant to Item 8.01, "Other Events."

On June 12, 2015, Electro Rent Corporation issued a press release announcing that its Board of Directors has declared a quarterly cash dividend of $0.125 per common share. The dividend will be paid on July 10, 2015 to shareholders of record as of June 22, 2015.

A copy of the press release is furnished as Exhibit 99.1 to this report.



Item 9.01.	Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press release dated June 12, 2015.

SIGNATURES

Pursuant to the requirement 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.




	Electro Rent Corporation

Date: June 12, 2015	By:	/s/ Craig R. Jones
		Craig R. Jones
		Vice President and Chief Financial Officer



	Exhibit 99.1



FOR IMMEDIATE RELEASE
For more information, contact: Daniel Greenberg, Chairman and CEO Electro Rent Corporation 818-786-2525	Roger Pondel/Laurie Berman PondelWilkinson Inc. 310-279-5980 pwinvestor@pondel.com

ELECTRO RENT DECLARES QUARTERLY CASH DIVIDEND

VAN NUYS, Calif. - June 12, 2015 - Electro Rent Corporation (Nasdaq: ELRC) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.125 per common share, payable on July 10, 2015 to shareholders of record as of June 22, 2015.

This dividend payment represents a reduction from Electro Rent’s prior dividend of $0.20 per common share, and reflects the Board’s decision to strengthen the company’s capital structure and preserve a sustainable return to its shareholders.

On an annualized basis, the current dividend represents a 4.7% yield on the June 11, 2015 closing share price of $10.72 and is the 33rd consecutive quarterly cash dividend paid by Electro Rent.

“Electro Rent’s revised dividend payment will provide the company with greater financial flexibility to finance our growth initiatives, and pursue business opportunities, including new revenue streams,” said Daniel Greenberg, Chairman and CEO of Electro Rent. “As we work to build strategic relationships with the world’s best test and measurement equipment manufacturers, our team remains committed to corporate growth and to enhancing shareholder value.”

About Electro Rent

Electro Rent Corporation (www.ElectroRent.com) is one of the largest global organizations devoted to the rental, leasing and sales of general purpose electronic test equipment, personal computers and servers.

“Safe Harbor” Statement

Except for the historical statements and discussions in this press release, the company’s statements above constitute forward-looking statements within the meaning of section 21E of the Securities Exchange Act of 1934. These forward-looking statements reflect Electro Rent’s management's current views with respect to future events and financial performance. Forward looking statements in this press release include statements regarding whether Electro Rent will pay future dividends and in what amounts, and whether Electro Rent can build strategic relationships with test and measurement equipment manufacturers. You should not put undue reliance on these statements. When used, the words "expect" and "will" and other similar expressions identify forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties. The company believes its assumptions are reasonable; nonetheless, it is likely that at least some of these assumptions will not come true. Accordingly, Electro Rent’s actual results will probably differ from the outcomes contained in any forward-looking statement, and those differences could be material. Factors that could cause or contribute to these differences include, among others, those risks and uncertainties discussed in the company’s periodic reports on Form 10-K and

10-Q and in its other filings with the Securities and Exchange Commission. Should one or more of the risks discussed, or any other risks, materialize, or should one or more of our underlying assumptions prove incorrect, the company’s actual results may vary materially from those anticipated, estimated, expected or projected. In light of the risks and uncertainties, there can be no assurance that any forward-looking statement will in fact prove to be correct. Electro Rent undertakes no obligation to update or revise any forward-looking statements.

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