8-K

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

Date of Report (Date of earliest event reported): January 8, 2021

__________________________________________ 

SENSATA TECHNOLOGIES HOLDING PLC

(Exact name of Registrant as specified in its charter)

 __________________________________________

England and Wales	001-34652	98-1386780
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

529 Pleasant Street

Attleboro, Massachusetts 02703, United States

(Address of Principal executive offices, including Zip Code)

+1(508) 236 3800

(Registrant's telephone number, including area code) 

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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of exchange on which registered
Ordinary Shares - nominal value €0.01 per share	ST	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

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 or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 7.01 Regulation FD Disclosure.

On January 8, 2021, Sensata Technologies Holding plc (the “Company”) issued a press release announcing an update to its fourth quarter 2020 financial guidance originally provided on October 28, 2020. The new financial guidance anticipates fourth quarter revenue to be in the range of $902 million to $907 million as compared to prior guidance of $810 to $850 million provided at the time of the third quarter earnings announcement. The Company plans to disclose the fourth quarter and full-year 2020 financial results on February 2, 2021. The press release announcing the change in guidance is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1	January 8, 2021 press release entitled "Sensata Technologies Raises Fourth Quarter 2020 Revenue Guidance and Announces Date for Fourth Quarter and Full-Year 2020 Financial Results"
104	Cover Page Interactive Data File (embedded within Inline XBRL document).

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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 PLC
	/s/ Maria Freve
Date: January 8, 2021	Name: Maria Freve
	Title: Vice President and Chief Accounting Officer

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EX-99.1

Sensata Technologies Raises Fourth Quarter 2020 Revenue Guidance and Announces Date for Fourth Quarter and Full-Year 2020 Financial Results

SWINDON, United Kingdom – January 8, 2021 – Sensata Technologies (NYSE:ST), a global industrial technology company and a leading provider of sensor-rich solutions that create insights for customers, today announced an update to its fourth quarter 2020 revenue guidance originally provided on October 28, 2020.

"We saw increased and sustained business activity during the fourth quarter, especially in our Automotive and Industrial businesses, which translated into higher orders and deliveries than initially anticipated” said Jeff Cote, CEO and President of Sensata. “We now expect fourth quarter 2020 revenue to be in the range of $902 to $907 million as compared to our prior guidance of $810 to $850 million provided at the time of our third quarter earnings announcement. We will provide additional detail when we report fourth quarter results in early February.”

Fourth quarter and full-year 2020 earnings announcement

Sensata Technologies plans to disclose its fourth quarter and full-year 2020 financial results on Tuesday, February 2, 2021, at 6:00 a.m. Eastern Time. Sensata will host a live conference call and webcast on the same day at 8:00 a.m. Eastern Time to discuss the results and business trends. The webcast and subsequent replay will be available on the investor relations page of the Company’s website at http://investors.sensata.com.

Investors can also listen to the earnings call live via telephone by dialing 1-844-784-1726 or 1-412-380-7411 and referencing the Sensata Q4 2020 Financial Results Conference Call. A replay of the call will be available until February 9, 2021. To access the replay dial 1-877-344-7529 or 1-412-317-0088 and enter confirmation code: 10151035.

About Sensata Technologies

Sensata Technologies is a leading industrial technology company that develops sensors, sensor-based solutions, including controllers and software, and other mission-critical products to create valuable business insights for customers and end users. For more than 100 years, Sensata has provided a wide range of customized, sensor-rich solutions that address complex engineering requirements to help customers solve difficult challenges in the automotive, heavy vehicle & off-road, industrial and aerospace industries. With more than 21,000 employees and operations in 11 countries, Sensata’s solutions help to make products safer, cleaner and more efficient, electrified, and connected. For more information, please visit Sensata’s website at www.sensata.com.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding anticipated financial results and liquidity. The words "will," "may," "designed to," "outlook," "believes," "should," "anticipates," "plans," "expects," "intends," "estimates," "forecasts" and similar expressions identify certain of these forward-looking statements. The Company also may provide forward-looking statements in oral statements or other written materials released to the public. All statements contained or incorporated in this press release or in any other public statements that address operating performance, events or developments that the Company expects or anticipates may occur in the future are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2019, and its other Securities and Exchange Commission filings. Future operating results will be based on various factors, including actual industry production volumes, the impact of COVID-19 on the Company’s business and the global economy, commodity prices, the impact of restructuring actions and the Company's success in implementing its operating strategy. The forward-looking statements in this press release are made as of the date hereof, and the Company does not assume any obligation to update, amend or clarify them to reflect events, new information or circumstances occurring after the date hereof.

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Media Contact:	Investor Contact
Alexia Taxiarchos	Jacob Sayer
Head of Media Relations	Vice President, Finance
+1 (508) 236-1761	+1 (508) 236-1666
ataxiarchos@sensata.com	jsayer@sensata.com

XML

Cover	Jan. 08, 2021
Document Information [Line Items]
Document Type	8-K
Document Period End Date	Jan. 08, 2021
Entity Registrant Name	SENSATA TECHNOLOGIES HOLDING PLC
Entity Central Index Key	0001477294
Amendment Flag	false
Entity Incorporation, State or Country Code	X0
Entity File Number	001-34652
Entity Tax Identification Number	98-1386780
Entity Address, Address Line One	529 Pleasant Street
Entity Address, City or Town	Attleboro
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	02703
Entity Address, Country	US
City Area Code	+1(508)
Local Phone Number	236 3800
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Ordinary Shares - nominal value €0.01 per share
Trading Symbol	ST
Security Exchange Name	NYSE
Entity Emerging Growth Company	false