KEMET Corporation (NYSE:KEM) Files An 8-K Other Events
Item 8.01 Other Events
On Wednesday, February 13, 2019, KEMET Corporation (the “Company”) issued a press release in which it announced that it has entered into an agreement with a customer by which the customer will provide interest-free advance payments to the Company totaling $6 million, which will be used to fund the Company’s investments in increased capacity.
A copy of the press release is attached as Exhibit 99.1 to this Form 8-K.
Item 9.01 Financial Statements and Exhibits
Description of Exhibit
Press Release dated February 13, 2019
KEMET CORP Exhibit
EX-99.1 2 fy2019_q4xex991xvendor-fin.htm EXHIBIT 99.1 Exhibit News ReleaseExhibit 99.1 FOR IMMEDIATE RELEASE Contact:Gregory C. ThompsonRichard J. Vatinelle EVP and Chief Financial OfficerVice President and Treasurer GregThompson@KEMET.comInvestorRelations@KEMET.com 954-595-5081954-766-2819 KEMET ANNOUNCES THIRDCUSTOMER-FINANCED CAPACITY AGREEMENT Fort Lauderdale,…
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About KEMET Corporation (NYSE:KEM)
KEMET Corporation (KEMET) is a manufacturer of passive electronic components. The Company operates in two segments: Solid Capacitors, and Film and Electrolytic. The Solid Capacitors segment primarily produces tantalum, aluminum, polymer and ceramic capacitors. Solid Capacitors also produces tantalum powder used in the production of tantalum capacitors. The Film and Electrolytic Business Group produces film, paper and wet aluminum electrolytic capacitors. It also designs and produces EMI Filters. The Company’s product offerings include surface mount, which are attached directly to the circuit board; leaded capacitors, which are attached to the circuit board using lead wires, and chassis-mount and other pin-through-hole board-mount capacitors, which utilize attachment methods, such as screw terminal and snap-in. The Company sells its products to a range of original equipment manufacturers (OEMs) and electronics manufacturing services (EMS) providers.