MTS SYSTEMS CORPORATION (NASDAQ:MTSC) Files An 8-K Results of Operations and Financial Condition
Item 2.02
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Results of Operations and Financial Condition
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press release announcing the results of operations and financial
condition for the fiscal year ended October 1, 2016 and the
fiscal quarter ended December 31, 2016, the first>quarter of
the Companys 2017>fiscal year.
April 11, 2017, the Companys President and Chief Executive
Officer, Dr. Jeffrey A. Graves, and Senior Vice President and
Chief Financial Officer, Jeffrey P. Oldenkamp, will discuss the
Companys results for the fiscal year ended October 1, 2016 and
the fiscal quarter ended December 31, 2016.
copy of the Companys press release in connection with the
announcement. The information in this Item 2.02, including
Exhibit 99.1, is furnished to Item 2.02 and shall not be deemed
to be filed for purposes of Section 18 of the Securities Exchange
Act of 1934, or otherwise subject to the liabilities of that
section, and shall not be deemed incorporated by reference in any
filing under the Securities Act of 1933 or the Securities
Exchange Act of 1934, except as shall be expressly set forth by
specific reference in such filing.
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Item 8.01
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Other Events
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will hold its virtual annual meeting of shareholders for fiscal
year 2017 (the “2017 Annual Meeting”) on June 6, 2017, at 9:00
a.m. Central Standard Time.
result of its internal investigation into apparent violations of
the Companys Code of Conduct involving certain employees in its
China operations. As a result, the Company is informing
shareholders of a change in the timing for the receipt of
shareholder proposals and director nominations for the 2017
Annual Meeting from the deadlines previously disclosed in its
proxy materials for the annual meeting of shareholders for fiscal
year 2016.
than 30 days from the date of the previous annual meeting of
shareholders, a new deadline has been established for submission
of shareholder proposals intended to be included in the Companys
proxy materials for the 2017 Annual Meeting. In accordance with
the rules of the Securities and Exchange Commission, if a
shareholder desires for the Company to include a proposal in its
proxy statement and form of proxy for presentation at the 2017
Annual Meeting, the proposal must be received by the Company at
its principal executive offices no later than 5:00 p.m., Central
Standard Time on April 14, 2017, which the Company has determined
to be a reasonable time before it begins to print and mail its
proxy materials. The proposal must include proof of ownership of
the Companys stock and satisfy the other requirements of Rule
14a-8 promulgated under the Securities Exchange Act of 1934, as
amended.
must follow to nominate persons for election as directors or to
introduce an item of business at an annual meeting of
shareholders other than for inclusion in the Companys proxy
statement in compliance with Rule 14a-8. Because the 2017 Annual
Meeting will be held more than 60 days after the first
anniversary of the date of the preceding years annual meeting of
shareholders, the Company must receive the notice of a
shareholders intention to introduce a nomination or to propose an
item of business at the 2017 Annual Meeting at its principal
executive offices no later than 5:00 p.m., Central Standard Time
on April 20, 2017. The Companys bylaws set out specific
requirements that such shareholders and written notices must
satisfy. Copies of those requirements will be forwarded to any
shareholder upon written request to the secretary of the Company.
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Item 9.01
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Financial Statements and Exhibits
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(d)
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Exhibits
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99.1
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Press Release dated April 10, 2017 announcing the
results of operations and financial condition for the fiscal year ended October 1, 2016 and the fiscal quarter ended December 31, 2016. |
About MTS SYSTEMS CORPORATION (NASDAQ:MTSC)
MTS Systems Corporation (MTS) is a global supplier of test systems and position sensors. The Company’s operations are organized and managed in two business segments: the Test segment and the Sensors. Testing segment’s testing hardware, software and services solutions help customers improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures. Test also sells a range of accessories and spare parts, as well as services, including installation, calibration, maintenance, training and consulting. MTS’ sensors segment provides controls for a range of industrial and vehicular applications. The segment’s customer industries include manufacturers of plastic injection molding machines, steel mills, fluid power, oil and gas, medical, wood product processing equipment, mobile equipment, and energy.
MTS SYSTEMS CORPORATION (NASDAQ:MTSC) Recent Trading Information
MTS SYSTEMS CORPORATION (NASDAQ:MTSC) closed its last trading session up +0.55 at 53.80 with 120,570 shares trading hands.
