SUN HYDRAULICS CORPORATION (NASDAQ:SNHY) Files An 8-K Amendment to Registrant’s Code of Ethics, or Waiver of a Provision of the Code of Ethics
Item 5.05Amendments to the Registrant’s Code of Ethics, or Waiver of a Provision of the Code of Ethics
On December 18, 2018, the Board of Directors of the Registrant adopted an expanded Code of Business Conduct and Ethics (the “Code of Ethics”). The Code of Ethics applies to all directors, officers and employees of the Registrant and its subsidiaries, including the Registrant’s principal executive officer, principal financial officer and principal accounting officer. The revised Code of Ethics, which is effective January1, 2019, addresses, among other things, honesty and ethical conduct, conflicts of interest, compliance with laws, regulations and policies, and reporting of violations of the Code of Ethics.
The Registrant is required to disclose any amendment to a provision of the Code of Ethics. The Registrant intends to use its website as a method of disseminating this disclosure, as permitted by applicable Securities and Exchange Commission rules. Any such disclosure will be posted to the Registrant website within four business days following the date of any such amendment to a provision of the Code of Ethics.
The foregoing summary is not intended to be complete and is qualified in its entirety by reference to the full text of the Code of Ethics, a copy of which is filed as Exhibit 14.1 to this report and is incorporated by reference herein.
Item 8.01Other Events
On December 19, 2018, the Registrant issued the press release attached hereto as Exhibit99.1 announcing a $0.09 per share cash dividend on its common stock, payable on January 20, 2019, to shareholders of record as of January 5, 2019.
Item 9.01Financial Statements and Exhibits
14.1 Code of Business Conduct and Ethics.
99.1 Press release dated December 19, 2018.
SUN HYDRAULICS CORP Exhibit
EX-14.1 2 d678598dex141.htm EX-14.1 EX-14.1 Exhibit 14.1 Code of Business Conduct and Ethics Effective Date: 1 January,…
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About SUN HYDRAULICS CORPORATION (NASDAQ:SNHY)
Sun Hydraulics Corporation (Sun) designs and manufactures screw-in hydraulic cartridge valves and manifolds, which control force, speed and motion as integral components in fluid power systems. The Company operates through manufacturing and distribution of hydraulic components segment. The Company, at components level, designs and manufactures screw-in hydraulic cartridge valves, manifolds, and integrates fluid power packages and subsystems for industrial and mobile markets. It is also engaged in power controls and vehicle technologies lines of business. The Company sells its products across the globe through subsidiaries and independent distributors. It has operations in the United States, England, Germany, France, South Korea, China and India. Sun’s standard cartridge valves and manifolds are offered in multiple versions and size ranges. Its subsidiaries include Sun Hydraulik Holdings Limited, Sun Hydraulics Korea Corporation, High Country Tek, Inc. and Enovation Controls, LLC.