-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ie0w1lC1RpF90wQoY7JhtiCc0rcUdpNYEuXKJ5AQ04Izb1cWyiu0fcf9duMznyL5 ubSmepWkl/CTMLX+4dzXag== 0000950159-09-000816.txt : 20090319 0000950159-09-000816.hdr.sgml : 20090319 20090319133801 ACCESSION NUMBER: 0000950159-09-000816 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20090319 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090319 DATE AS OF CHANGE: 20090319 FILER: COMPANY DATA: COMPANY CONFORMED NAME: K TRON INTERNATIONAL INC CENTRAL INDEX KEY: 0000000020 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823] IRS NUMBER: 221759452 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0102 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-09576 FILM NUMBER: 09692975 BUSINESS ADDRESS: STREET 1: ROUTE 55 & 553 STREET 2: BOX 888 CITY: PITMAN STATE: NJ ZIP: 08071-0888 BUSINESS PHONE: 8562563318 MAIL ADDRESS: STREET 1: ROUTE 55 & 553 STREET 2: P O BOX 888 CITY: PITMAN STATE: NJ ZIP: 08071-0888 8-K 1 ktron8k.htm K-TRON INTERNATIONAL, INC. FORM 8-K ktron8k.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):  March 19, 2009


K-TRON INTERNATIONAL, INC.
(Exact Name of Registrant Specified in Charter)

 
New Jersey
(State or Other
Jurisdiction of
Incorporation)
 
0-9576
(Commission File
Number)
 
22-1759452
(I.R.S. Employer
Identification No.)

     
Routes 55 & 553
P.O. Box 888
   
Pitman, New Jersey
 
08071-0888
(Address of Principal Executive Offices)
 
(Zip Code)

Registrant's telephone number, including area code:   (856) 589-0500

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 (see General Instruction A.2. below):

[  ]
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))

 
 

 
Item 8.01                      Other Events.

The Board of Directors of K-Tron International, Inc. (the “Company”) has authorized the repurchase of up to $10 million of the Company’s outstanding common stock at any time and from time to time until March 6, 2010 (the “Repurchase Plan”).  Share repurchases, if any, will be funded with available cash, borrowings under the Company’s credit facility or a combination of both.  Repurchases under the Repurchase Plan may be made through open market purchases at prevailing market prices or in privately negotiated transactions.  The timing, volume and nature of share repurchases are subject to market prices and conditions, applicable securities laws and other factors, and are at the discretion of the Company’s management. Share repurchases under the Repurchase Plan may be commenced, suspended or discontinued at any time.

A press release relating to the Repurchase Plan is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.


Item 9.01                      Financial Statements and Exhibits.

(a) Financial Statements of Businesses Acquired.

None.

(b) Pro Forma Financial Information.

None.

(c) Shell Company Transactions.

None.

(d) Exhibits.

 
 
 
- 2 - -

 
 
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.


K-TRON INTERNATIONAL, INC.
   
   
By
EDWARD B. CLOUES, II
 
Edward B. Cloues, II
 
Chairman of the Board and
 
Chief Executive Officer



Dated: March 19, 2009

 
- 3 - -

 
 
Exhibit Index



 
 

 
EX-99.1 2 ex99-1.htm EXHIBIT 99.1 ex99-1.htm
   
 EXHIBIT 99.1
 
 
 
 
K-TRON INTERNATIONAL, INC.
NEWS
 
Routes 55 & 553, PO Box 888
Pitman, NJ 08071-0888
(856) 589-0500
FAX (856) 582-7968
 
www.ktroninternational.com
 
 
E-mail: ktii@ktron.com
 


For Release:
Immediately
   
Contact:
Ronald Remick, Senior Vice President and Chief Financial Officer
 
Tel: (856) 256-3311    E-mail: rremick@ktron.com


K-TRON ANNOUNCES SHARE REPURCHASE PROGRAM

Pitman, New Jersey - - March 19, 2009 - -  K-Tron International, Inc. (NASDAQ-GS: KTII) today announced that its Board of Directors has authorized the Company to repurchase up to $10 million of its outstanding common stock.  At March 18, 2009, the Company had outstanding 2,804,288 shares of its common stock.

Share repurchases, if any, will be funded with available cash, borrowings under the Company’s credit facility or a combination of both.  Repurchases under the program may be made through open market purchases at prevailing market prices or in privately negotiated transactions.  The program will expire on March 6, 2010, unless extended.  The timing, volume and nature of share repurchases are subject to market prices and conditions, applicable securities laws and other factors, and are at the discretion of the Company’s management.   Share repurchases may be commenced, suspended or discontinued at any time.

K-Tron International, Inc. and its subsidiaries design, produce, market and service material handling equipment and systems for a wide variety of industrial markets.  The Company has manufacturing facilities in the United States, Switzerland and the People’s Republic of China, and its equipment is sold throughout the world.

*   *   *   *   *

Certain statements in this press release are forward-looking statements that reflect management’s current expectations, assumptions and estimates of future performance and economic conditions.  Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Company cautions investors that forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those matters expressed or implied by such forward-looking statements.  Further information relating to factors that may impact the Company’s results and forward-looking statements are disclosed in the Company’s filings with the Securities and Exchange Commission.  The forward-looking statements contained in this release are made as of the date of this release, and K-Tron disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
 
 

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