Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - MATERION Corp | a11518pressrelease.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): November 5, 2018 (October 31, 2018) | ||||
MATERION CORPORATION | ||||
(Exact name of registrant as specified in its charter) | ||||
Ohio | 001-15885 | 34-1919973 |
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) |
6070 Parkland Blvd., Mayfield Hts., Ohio | 44124 | |
(Address of principal executive offices) | (Zip Code) | |
Registrant's telephone number, including area code (216) 486-4200 | ||
Not Applicable | ||
(Former name or former 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:
¨ 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 (§204.12b-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 extended transition period for complying with any new revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ¨
Item 8.01 Other Events.
On October 31, 2018, Materion Corporation (the “Company”) entered into an agreement to purchase a group annuity contract from Mutual of America to settle approximately $111 million of the Company’s $256 million in outstanding U.S. pension obligations under the Materion Corporation Pension Plan (the “Pension Plan”). In connection with the agreement, Mutual of America will assume the obligation to pay future benefits starting January 1, 2019 for specified U.S. retirees, beneficiaries, and other participants who are currently in payment status and commenced payments on or before June 1, 2018. Mutual of America was selected by the Pension Plan’s fiduciary, with the advice of an independent expert.
A copy of the press release issued by the Company related to the purchase of the group annuity contract is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
Exhibits.
Exhibit Number | Description of Exhibit | |
99.1 | ||
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.
Materion Corporation | ||
November 5, 2018 | By: | /s/ Stephen Shamrock |
Stephen Shamrock | ||
Vice President, Corporate Controller and Investor Relations | ||
Exhibit Index