Current Report Filing (8-k)
April 07 2015 - 8:33AM
Edgar (US Regulatory)
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
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Date of Report (Date of Earliest Event Reported):
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April 1, 2015
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AMETEK, Inc.
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(Exact name of registrant as specified in its charter)
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Delaware
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1-12981
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14-1682544
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(State or other jurisdiction
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(Commission
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(I.R.S. Employer
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of incorporation)
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File Number)
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Identification No.)
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1100 Cassatt Road, Berwyn, Pennsylvania
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19312
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code:
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610-647-2121
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Not Applicable
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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 April 2, 2015, AMETEK announced that its Board of Directors approved a $350 million increase to the authorized level for repurchases of its common stock. This increased authorization will be added to the $21.5 million that remained available from an existing authorization approved by the Board of Directors in November 2014. A copy of such press release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 Copy of press release issued by AMETEK, Inc. on April 2, 2015.
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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AMETEK, Inc.
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April 6, 2015
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By:
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/s/ William J. Burke
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Name: William J. Burke
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Title: Senior Vice President - Comptroller & Treasurer
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Exhibit Index
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Exhibit No.
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Description
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99.1
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Copy of press release issued by AMETEK, Inc. on April 2, 2015.
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Exhibit 99.1
CORPORATE OFFICE
1100 Cassatt Road, Berwyn, PA 19312
Contact: Kevin C. Coleman (610) 889-5247
AMETEK INCREASES SHARE REPURCHASE AUTHORIZATION
Berwyn, PA, April 2, 2015 AMETEK, Inc. (NYSE: AME) today announced that its Board of Directors
has increased the authorized level for repurchases of its common stock by $350 million. This
increased authorization will be added to the approximately $20 million that currently remains
available from an existing authorization approved by the Board of Directors in November 2014.
Frank S. Hermance, AMETEKs Chairman and Chief Executive Officer said, This increased share
repurchase authorization provides us the flexibility to continue to opportunistically repurchase
our common stock. Share repurchases will remain a modest use of our strong cash flow, with
strategic acquisitions remaining the primary use.
Corporate Profile
AMETEK is a leading global manufacturer of electronic instruments and electro-mechanical devices
with 2014 sales of $4.0 billion. AMETEKs Corporate Growth Plan is based on Four Key Strategies:
Operational Excellence, Strategic Acquisitions, Global & Market Expansion and New Products.
AMETEKs objective is double-digit percentage growth in earnings per share over the business cycle
and a superior return on total capital. The common stock of AMETEK is a component of the S&P 500
Index.
Forward-looking Information
Statements in this news release relating to future events, such as AMETEKs expected business and
financial performance are forward-looking statements. Forward-looking statements are subject to
various factors and uncertainties that may cause actual results to differ significantly from
expectations. These factors and uncertainties include our ability to consummate and successfully
integrate future acquisitions; risks associated with international sales and operations; our
ability to successfully develop new products, open new facilities or transfer product lines; the
price and availability of raw materials; compliance with government regulations, including
environmental regulations; changes in the competitive environment or the effects of competition in
our markets; the ability to maintain adequate liquidity and financing sources; and general economic
conditions affecting the industries we serve. A detailed discussion of these and other factors that
may affect our future results is contained in AMETEKs filings with the U.S. Securities and
Exchange Commission, including its most recent reports on Form 10-K, 10-Q and 8-K. AMETEK
disclaims any intention or obligation to update or revise any forward-looking statements.
# # #
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