CTS Corp Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by CTS Corporation on August 30, 2013, with a report date of August 28, 2013. The filing addresses a corporate governance event under Item 8.01 (Other Events).
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is not a financial statement and contains no quantitative financial data.
Material Changes
On August 28, 2013, the Board of Directors amended the company's share repurchase program originally established in August 2012. The specific material change was the deletion of the provision regarding the maximum share price restriction.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies beyond the specific amendment to the share repurchase program.
Key Facts for Investors
- CTS Corporation removed the maximum share price cap from its existing share repurchase program.
- The amendment was approved by the Board of Directors on August 28, 2013.
- The filing does not disclose the remaining dollar amount or share count authorized for repurchase under the program.