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EX-99.1 - EX-99.1 - Metaldyne Performance Group Inc. | mpg-ex991_6.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
August 3, 2016
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
METALDYNE PERFORMANCE GROUP INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE
(STATE OR OTHER JURISDICTION OF INCORPORATION)
001-36774 |
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47-1420222 |
(COMMISSION FILE NUMBER) |
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(IRS EMPLOYER IDENTIFICATION NO. |
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One Towne Square, Suite 550 Southfield, MI |
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48076 |
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) |
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(ZIP CODE) |
(248)-727-1800
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
(FORMER NAME OR ADDRESS, IF CHANGED SINCE LAST REPORT)
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:
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Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.02. Results of Operations and Financial Condition
On August 4, 2016, Metaldyne Performance Group Inc. (the "Company") announced its financial results for the quarter and six months ended July 3, 2016. The Company’s press release is presented at Exhibit 99.1 to this Current Report on Form 8-K.
The information contained in this Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for the purpose of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, regardless of any general incorporation language in any such filings.
Item 7.01. Regulation FD Disclosure
On August 4, 2016, the Company updated its guidance for the year ending December 31, 2016. The Company’s press release containing the guidance is attached as Exhibit 99.1 hereto.
The information contained in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Exchange Act or the Securities Act of 1933, as amended, regardless of any general incorporation language in any such filings.
Item 8.01. Other Events
On August 3, 2016, the Company’s Board of Directors declared a quarterly cash dividend of $0.0925 per share of common stock, payable on September 20, 2016 to stockholders of record on September 6, 2016.
On August 3, 2016, the Company’s Board of Directors approved an amendment (the “Amendment”) to the “Share Repurchase Program,” as that term is described in “Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations” of the Company’s Quarterly Report on Form 10Q for the Quarter Ended April 3, 2016, and such description is incorporated herein by reference. The Amendment increased the aggregate dollar amount of the Company’s common stock the Company is authorized to repurchase under the Share Repurchase Program from $25.0 million to $35.0 million. All other terms of the Share Repurchase Program remain unchanged by the Amendment.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
99.1 Press release dated August 4, 2016, issued by Metaldyne Performance Group, Inc.
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.
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BY: |
/s/ Mark Blaufuss |
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Date: August 4, 2016 |
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Mark Blaufuss |
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Chief Financial Officer |
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Exhibit No. |
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Description |
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99.1 |
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Press release dated August 4, 2016, issued by Metaldyne Performance Group, Inc. |