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EX-99.1 - EX-99.1 - AVX Corpavx-20180131xex99_1.htm



 UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON,  D.C. 20549



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):  January 31, 2018





AVX Corporation

(Exact Name of Registrant as Specified in its Charter)





 

 

Delaware

1-7201

33‑0379007

(State or other jurisdiction of incorporation or organization)

(Commission File Number)

(I.R.S. Employer Identification Number)



 

 

1 AVX Boulevard

 

 

Fountain Inn,  South Carolina

 

29644

(Address of principal executive offices)

 

(Zip Code)



 

 

(864) 967-2150

(Registrant's telephone number, including area code)



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:



 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)



 



 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)



 



 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))



 



 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the ex-tended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 




 

Item 8.01. Other Events.



On February 1, 2018, AVX Corporation reported that it has completed its previously announced acquisition of Ethertronics, Inc., a privately held manufacturer incorporated in Delaware, for approximately $138.5 million in cash and assumption of $11.5 million of net debt, subject to customary post-closing adjustments based on the actual net debt and actual working capital as of closing.



A copy of AVX’s press release announcing the completion of the acquisition is attached to this Current Report on Form 8-K as Exhibit 99.1, the contents of which are incorporated herein by reference.



Item 9.01.  Financial Statements and Exhibits



(a)

Not applicable

(b)

Not applicable

(c)

Not applicable

(d)

The following exhibit is included with this Report:






 

SIGNATURE



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.





Date:  February 1, 2018



AVX CORPORATION







 

By:

/s/ Kurt P. Cummings



 

Name:

Kurt P. Cummings

Title:

Executive Vice President,



Chief Financial Officer



and Treasurer