8-KThe WireRoutine
Company Update
Filed Mar 20, 2020 · 6y ago · Accession 0001104659-20-036561
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗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): March 16, 2020
Preformed
Line Products Company
(Exact name of Registrant as specified in its charter)
Ohio
(State or other jurisdiction
of
incorporation)
0-31164
(Commission
File Number)
34-0676895
(IRS Employer
Identification No.)
660 Beta Drive, Mayfield Village, Ohio
(Address of principal executive offices)
44143
(Zip Code)
440-461-5200
(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:
¨ Written communication 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
PLPC
NASDAQ
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
March 16, 2020, the Board of Directors (the “Board”) of Preformed Line Products Company, an Ohio corporation (the “Company”),
authorized and approved a share repurchase program for up to an aggregate of 250,000 common shares of the Company with no expiration
date (the “Repurchase Program”). This authorization replaces the repurchase plan approved by the Board on December
13, 2017, under which 76,834 common shares remained available for repurchase.
Pursuant
to the Repurchase Program, the Company intends to purchase shares, from time to time, by means of open market transactions, block
purchases or privately negotiated transactions in accordance with applicable federal securities laws, including Rule 10b-18 of
the Securities Exchange Act of 1934. Repurchases of the Company’s common shares will depend on many factors, including availability
of common shares, general business and market conditions, market price, alternative investment opportunities, and the Company’s
financial condition and performance. The Company is not obligated to repurchase shares under the Repurchase Program. The Repurchase
Program may be discontinued, suspended or restarted at any time.
SIGNATURE
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.
Date:
March 20, 2020
PREFORMED LINE PRODUCTS COMPANY
By:
/s/ Caroline Vaccariello
Name:
Caroline Vaccariello
Title:
General Counsel and Corporate
Secretary
Filing details
- Company
- PREFORMED LINE PRODUCTS CO
- Ticker
- PLPC
- CIK
- 80035
- Form type
- 8-K
- Filing date
- Mar 20, 2020
- Report date
- Mar 16, 2020
- Document
- tm2013242d1_8k.htm
- Size
- 21 KB