PERCEPTRON, INC. (NASDAQ:PRCP) Files An 8-K Other Events

PERCEPTRON, INC. (NASDAQ:PRCP) Files An 8-K Other Events
Item 8.01. Other Events.

On July 19, 2017, Perceptron, Inc. (the “Company”) issued a press release announcing that on July 12, 2017, the Company entered into a Settlement Agreement (the “Settlement Agreement”) with 3CEMS, a Cayman Islands and People’s Republic of China corporation (“3CEMS”), to settle the civil suit filed against the Company by 3CEMS in January 2015. The Settlement Agreement requires that the Company pay $1,000,000 to 3CEMS over the next 10 months. The settlement will result in a one-time, $0.11 per share charge to the Company’s fiscal fourth quarter and full year 2017 results. Attached hereto and incorporated by reference as Exhibit 99.1 is the press release relating to such announcement.

The Board of Directors approved a six month $5,000 additional retainer fee for William C. Taylor, a member of the Board of Directors, to be paid one-half on September 1, 2017 and one-half on December 1, 2017.

Item 9.01. Financial Statements and Exhibits.

D. Exhibits.

Exhibit No. Description
Exhibit 99.1 Press Release, dated July 19, 2017


PERCEPTRON INC/MI Exhibit
EX-99.1 2 exh_991.htm PRESS RELEASE EdgarFilingEXHIBIT 99.1Perceptron to Settle Litigation with 3CEMS PLYMOUTH,…
To view the full exhibit click here

About PERCEPTRON, INC. (NASDAQ:PRCP)

Perceptron, Inc. develops, produces and sells a range of automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection and three-dimensional (3D) scanning. The Company’s products include 3D machine vision solutions, robot guidance, coordinate measuring machines (CMMs), laser scanning and advanced analysis software. The Company’s products are categorized as In-Line, Near-Line and Off-Line Measurement Solutions (Measurement Solutions); 3D Scanning Solutions, and Value Added Services. Its In-Line and Near-Line measurement solutions include AutoGauge, AutoFit, AutoScan, AutoGuide and Helix. Its Off-Line measurement solutions include Coord3 and TouchDMIS. Its 3D Scanning Solutions include ScanWorks, ScanR and WheelWorks. Its Value Added Services include training, field service, calibration, launch support services, maintenance agreements and repairs. The Company operates in the Americas, Europe and Asia.

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