COGNEX CORPORATION (NASDAQ:CGNX) Files An 8-K Results of Operations and Financial Condition
Item 2.02
Results of Operations and Financial Condition |
On February 16, 2017, Cognex Corporation (the Company) issued a
news release to report its financial results for the quarter and
year ended December 31, 2016. The release is furnished as Exhibit
99.1 hereto. The information in Item 2.02 of this Current Report
on Form 8-K, including the Exhibit attached hereto, shall not be
deemed filed for purposes of Section 18 of the Securities
Exchange Act of 1934, nor shall it be deemed to be incorporated
by reference in any filing under the Securities Act of 1933 or
the Securities Exchange Act of 1934, regardless of any general
incorporation language in such filing.
Item 5.02 |
Departure of Directors or Certain Officers; Election of |
On February 15, 2017, the Board of Directors of the Company
appointed John J. Curran as Senior Vice President and Chief
Financial Officer of the Company, commencing on February
17th. In such capacity, Mr. Curran will serve as the
principal financial officer and principal accounting officer of
the Company for purposes of filings with the Securities and
Exchange Commission. Mr. Curran is succeeding Richard A. Morin,
Executive Vice President of Finance and Administration and Chief
Financial Officer (and current principal financial officer and
principal accounting officer), who is retiring after 18 years
with the Company. Mr. Morin will remain with the Company full
time through the end of March 2017; after his retirement, he will
continue with the Company in a non-executive role.
Mr. Curran, age 51, joined the Company in September 2016 as
Senior Vice President of Finance. Prior to joining the Company,
Mr. Curran had a 21-year career at EMC Corporation, a company
that manages businesses involved in the transformation of
information technology, where he most recently served as Senior
Vice President of Finance and Corporate Controller. Prior to
that, he was Interim CFO for Pivotal, Inc., a $200 million
subsidiary of EMC focusing on application and data infrastructure
software, agile development services and data science consulting.
He holds a Bachelor of Science degree in Accounting and an MBA
from Babson College.
Item 8.01 |
Other Events |
On February 16, 2017, the Company announced that its Board of
Directors declared a quarterly cash dividend of $0.075 per share.
The dividend is payable on March 17, 2017 to all shareholders of
record as of the close of business on March 3, 2017.
Item 9.01 |
Financial Statements and Exhibits |
(d) Exhibits
Exhibit No. Description
99.1 News release, dated February 16, 2017, by Cognex Corporation
About COGNEX CORPORATION (NASDAQ:CGNX)
Cognex Corporation (Cognex) is a provider of machine vision products that capture and analyze visual information in order to automate tasks, primarily in manufacturing processes, where vision is required. The Company’s machine vision products are used to automate the manufacture and tracking of discrete items, such as mobile phones, aspirin bottles and automobile tires, by locating, identifying, inspecting and measuring them during the manufacturing or distribution process. The Company’s products include vision software, vision systems, vision sensors and ID products. Its products range from vision sensors that are integrated, to personal computer (PC)-based systems for users. Its products have a range of physical forms, depending upon the user’s need. Cognex sells its products through a direct sales force, as well as through a global network of integration and distribution partners. Its service offerings include maintenance and support, consulting and training services. COGNEX CORPORATION (NASDAQ:CGNX) Recent Trading Information
COGNEX CORPORATION (NASDAQ:CGNX) closed its last trading session up +0.49 at 70.45 with 866,906 shares trading hands.