Exit / Disposal Costs · Company Update

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 11, 2013 CTS CORPORATION (Exact Name of Registrant as Specified in Charter) Indiana 1-4639 35-0225010 (State or Other Jurisdiction of Incorporation) (Commission File Numbers) (I.R.S. Employer Identification Nos.)       905 West Boulevard North     Elkhart, Indiana   46514 (Address of Principal Executive Offices)   (Zip Code) Registrant’s telephone number, including area code:                                                                                     (574) 523-3800 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.): ¨   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 2.05 Costs Associated with Exit or Disposal Activities On June 11, 2013, CTS Corporation, an Indiana Corporation (the “Company”), issued a press release announcing a restructuring to improve capacity utilization and operating profit.  The Company will simplify its global footprint by consolidating manufacturing facilities into existing locations.  A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference. Item 8.01 Other Events. On June 11, 2013, the Board of Directors of the Company authorized a program for the repurchase of up to one million of the Company’s outstanding common shares, in the open market or in privately negotiated transactions.  The one million shares represent approximately three percent of the Company’s 33.6 million outstanding common shares. This repurchase authorization will replace the Company’s current stock buyback authorization after the remaining 318,100 shares available under the current program are repurchased.  The purchases will be made from generally available funds of the Company.  The amount, timing and price of purchases will depend on market conditions and other factors. Item 9.01              Financial Statements and Exhibits. (d)   Exhibits. The following exhibits are filed with this report: Exhibit No.                                  Exhibit Description   99.1                                      Press Release dated June 11, 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.   CTS CORPORATION By:            /s/ John R. Dudek                                                        Name:            John R. Dudek Title:              Vice President, General Counsel and Secretary Date:  June 14, 2013       EXHIBIT INDEX     Exhibit No.                                  Exhibit Description   99.1                                      Press Release dated June 11, 2013