Cognex Corportation (NASDAQ:CGNX) Files An 8-K Results of Operations and Financial ConditionItem 2.02 Results of Operations and Financial Condition
On May 1, 2017, Cognex Corporation (the “Company”) issued a news release to report its financial results for the quarter ended April 2, 2017. 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 8.01 Other Events
On May 1, 2017, the Company announced that its Board of Directors declared a quarterly cash dividend of $0.085 per share, payable on June 16, 2017 to all shareholders of record as of the close of business on June 2, 2017. This dividend represents an increase of $0.01 per share, or 13%, over the $0.075 per share dividend paid in the prior quarter.
On May 1, 2017, the Company announced that its Board of Directors has authorized the purchase of up to $100 million of Cognex common stock in open market transactions. This new authorization is in addition to the $100 million stock purchase program that was announced by the Company on November 2, 2015, of which approximately $39 million remains available as of the date of this Current Report on Form 8-K. Purchases under the new authorization can commence once the Company completes the existing program, and will be subject to market conditions and other relevant factors. The Company may suspend or discontinue the stock purchase program at any time.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Description
99.1 News release, dated May 1, 2017, by Cognex Corporation
About Cognex Corportation (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 operates through the machine vision technology segment. 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 identification (ID) products. Its products range from vision sensors that are integrated, to personal computer (PC)-based systems for users. Its products also 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. Cognex Corportation (NASDAQ:CGNX) Recent Trading Information
Cognex Corportation (NASDAQ:CGNX) closed its last trading session up +0.29 at 85.63 with 765,840 shares trading hands.