UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 2, 2013
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SENSATA TECHNOLOGIES HOLDING N.V.
(Exact name of Registrant as specified in its charter)
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The Netherlands | 001-34652 | 98-0641254 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||
Kolthofsingel 8, 7602 EM Almelo
The Netherlands
(Address of Principal executive offices, including Zip Code)
31-546-879-555
(Registrant's telephone number, including area code)
(Former name or former address, if changed since last report)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Item 8.01 | Other Events |
In the fourth quarter of 2013, an automotive customer of Sensata Technologies Holding N.V. (the "Company") alleged defects in certain of the Company's sensor products installed in the customer's vehicles during this calendar year. The alleged defects are not safety related. At this time, the total number of vehicles affected and, therefore, the total potential liability of the Company, are not known. The Company considers a loss related to this matter to be probable and, as of the date of this filing, has recorded a $1 million accrual. However, the aggregate amount of the Company's actual liability will ultimately depend on the actions taken by the customer and the number of vehicles affected, and such liability could be material and in excess of the accrual.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SENSATA TECHNOLOGIES HOLDING N.V. | ||||
/s/ Jeffrey Cote | ||||
Date: December 2, 2013 | Name: Jeffrey Cote | |||
Title: Executive Vice President, Chief Operating Officer and Interim Chief Financial Officer | ||||
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