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

 

Date of Report (Date of earliest event reported): August 12, 2015

 

Preformed Line Products Company

(Exact name of registrant as specified in its charter)

         
Ohio   0-31164   34-0676895
(State or other jurisdiction
of incorporation		   (Commission File Number)   (IRS Employer
Identification No.)

 

     
660 Beta Drive
Mayfield Village, Ohio		   44143
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (440) 461-5200

 

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):

 

¨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 7.01 Regulation FD Disclosure.

 

On August 12, 2015, Preformed Line Products Company (the “Company”), announced that its Board of Directors approved a share repurchase program under which the Company is authorized to repurchase up to 238,000 of the Company’s outstanding Common Shares from time to time on the open market, including through a Rule 10b5-1 plan, or in privately negotiated transactions.

 

The timing and amount of any shares repurchased, including the terms of any Rule 10b5-1 plan, will be determined by the Company’s management based on market conditions, share price, corporate considerations, regulatory requirements and other factors. The share repurchase program does not obligate the Company to repurchase any dollar amount or number of common shares and may be suspended or discontinued at any time. Any repurchased shares will be available for use in connection with the Company's stock compensation plan and for other corporate purposes.

 

A copy of the press release announcing the share repurchase program is attached to this report as Exhibit 99.

  

ITEM 9.01 Financial Statements and Exhibits
   
Exhibit No. Description
99 Press Release

 

 

 

 

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.

  

  Preformed Line Products Company
   
   
Dated: August 12, 2015                                                  By:  /s/ Caroline Vaccariello
  Caroline Vaccariello
  General Counsel and Corporate Secretary

 

 

 

 

EXHIBIT INDEX

 

Exhibit No. Description
99 Press Release

 

 

 



Preformed Line Products Announces Repurchase Plan

MAYFIELD VILLAGE, Ohio, Aug. 12, 2015 /PRNewswire/ -- Preformed Line Products Company (the "Company") (Nasdaq: PLPC) today announced that its Board of Directors has approved a share repurchase program under which the Company is authorized to repurchase up to 238,000 of the Company's outstanding Common Shares from time to time on the open market, including through a Rule 10b5-1 plan, or in privately negotiated transactions.

The timing and amount of any shares repurchased, including the terms of any Rule 10b5-1 plan, will be determined by the Company's management based on market conditions, share price, corporate considerations, regulatory requirements and other factors. The share repurchase program does not obligate the Company to repurchase any dollar amount or number of common shares and may be suspended or discontinued at any time. Any repurchased shares will be available for use in connection with the Company's stock compensation plan and for other corporate purposes.

Founded in 1947, Preformed Line Products is an international designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks for energy, communications and broadband network companies.

Preformed's world headquarters is in Mayfield Village, Ohio, and the Company operates three domestic manufacturing centers located in Rogers, Arkansas, Albuquerque, New Mexico, and Albemarle, North Carolina. The Company serves its worldwide market through international operations in Argentina, Australia, Brazil, Canada, China, England, France, Indonesia, Malaysia, Mexico, New Zealand, Poland, Russia, South Africa, Spain and Thailand.

This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding the Company, including those statements regarding the Company's and management's beliefs and expectations concerning the Company's future performance or anticipated financial results, among others. Except for historical information, the matters discussed in this release are forward-looking statements that involve risks and uncertainties which may cause results to differ materially from those set forth in those statements. Among other things, factors that could cause actual results to differ materially from those expressed in such forward-looking statements include the strength of the economy and demand for the Company's products, increases in raw material prices, the Company's ability to identify, complete and integrate acquisitions for profitable growth, and other factors described under the headings "Risk Factors" and "Forward-Looking Statements" in the Company's 2014 Annual Report on Form 10-K filed with the SEC on March 12, 2015 and subsequent filings with the SEC. The Annual Report on Form 10-K and the Company's other filings with the SEC can be found on the SEC's website at http://www.sec.gov. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.



CONTACT: Eric R. Graef, Preformed Line Products, (440) 473-9249

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