-----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, K7jltlCJIsL0WEy0mvSSh54yl21Ih+ui4af0bpWNfjzV9QQvyUpGRmTb2i1U/XRa QZNYmBm9JcPIgEDcKevqlg== 0000897101-07-001946.txt : 20070917 0000897101-07-001946.hdr.sgml : 20070917 20070917105016 ACCESSION NUMBER: 0000897101-07-001946 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070912 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070917 DATE AS OF CHANGE: 20070917 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMMUNICATIONS SYSTEMS INC CENTRAL INDEX KEY: 0000022701 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 410957999 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31588 FILM NUMBER: 071119222 BUSINESS ADDRESS: STREET 1: 213 S MAIN ST CITY: HECTOR STATE: MN ZIP: 55342 BUSINESS PHONE: 3208486231 MAIL ADDRESS: STREET 1: 213 MAIN STREET STREET 2: P O BOX 777 CITY: HECTOR STATE: MN ZIP: 55342 8-K 1 csi073781_8k.htm FORM 8-K DATED SEPTEMBER 12, 2007 Communication Systems, Inc. Form 8-K dated September 12, 2007

 
 

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): September 12, 2007


COMMUNICATIONS SYSTEMS, INC.

(Exact name of Registrant as specified in its charter)

Minnesota

001-31588

41-0957999

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)


213 South Main Street
Hector, MN

55342

(Address of principal executive offices)

(Zip Code)

 

Registrant’s telephone number, including area code (320) 848-6231


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):

 

o

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


 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-2)


 

o

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


 

o

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



 
 



Sections 1 – 7 are not applicable and therefore omitted

 

ITEM 8.01    OTHER EVENTS

 

On September 12, 2007 Communications Systems, Inc. announced that its Board of Directors authorized management to repurchase, within its discretion, up to 500,000 shares of the Company’s common stock. The repurchase program is effective immediately. The repurchase program announced September 12, 2007 follows the completion of a similar repurchase authorization that resulted in the repurchase of 199,000 shares in 2007. A copy of the press release pursuant to which the stock repurchase program was announced is attached as Exhibit 99.1.

 

ITEM 9.01    FINANCIAL STATEMENTS AND EXHIBITS

 

(d)

Exhibits

 

The following are filed as exhibits to this Current Report:

 

Exhibit No.

 

Description of Exhibit

99.1

 

Press Release issued September 12, 2007

 

 

 

 

 

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, thereunto duly authorized.

 

 

COMMUNICATIONS SYSTEMS, INC.

 

By   


/s/   Paul N. Hanson

 

 

Paul N. Hanson
Its:   Chief Financial Officer

 

Dated:   September 12, 2007

 

 



EX-99.1 2 csi073781_ex99-1.htm PRESS RELEASE ISSUED SEPTEMBER 12, 2007 Exhibit 99.1 to Communication Systems, Inc. Form 8-K dated September 12, 2007

 

Exhibit 99.1

 

For Immediate Release

Contact:

Jeffrey K. Berg, President and Chief Executive Officer
Paul N. Hanson, Vice President – Finance
Telephone – (320) 848-6231

 

COMMUNICATIONS SYSTEMS ANNOUNCES STOCK REPURCHASE PROGRAM

Hector, MN ---- September 12, 2007 ---- Communications Systems, Inc. (AMEX: JCS) today announced that its Board of Directors has authorized management to repurchase, within its discretion, up to 500,000 shares of the Company’s common stock. The repurchase program is effective immediately.

Communications Systems, Inc. (“CSI”) said that purchases under the stock repurchase program may be made, from time to time, in the open market, through block trades or otherwise and will be conducted in compliance with applicable Securities and Exchange Commission regulations. Depending on market conditions and other factors these repurchases may be commenced or suspended at any time, or from time to time, without prior notice. Communications Systems, Inc. currently has 8,683,000 shares outstanding. The repurchase program announced today follows the completion of a similar repurchase authorization that resulted in the repurchase of 199,000 shares in 2007.

Jeffrey K. Berg, CSI’s President and Chief Executive Officer stated that, “Currently prevailing market prices makes repurchasing our stock a solid investment and represents an attractive opportunity to enhance long term shareholder value. This share repurchase program reflects our great confidence in CSI’s ability to continue generating strong, consistent cash flow.”

About Communications Systems, Inc.

CSI provides physical connectivity infrastructure and services for cost-effective broadband solutions and is a leading supplier of voice grade connecting devices and wiring systems. CSI serves the broadband market as the world’s leading supplier of media conversion technology, which permits networks to deploy fiber optic technology while retaining the copper-based infrastructure already embedded in the network. CSI also supplies copper wire and fiber optic structured wiring systems for broadband networks and line filters for digital subscriber line (“DSL”) service. CSI also provides network design, training and management services.

Cautionary Statement: From time to time, in reports filed with the Securities and Exchange Commission, in press releases, and in other communications to shareholders or the investing public, the Company may make forward-looking statements concerning possible or anticipated future financial performance, business activities, plans, pending claims, investigations or litigation which are typically preceded by the words “believes”, “expects”, “anticipates”, “intends” or similar expressions. For such forward-looking statements, the Company claims the protection of the safe harbor for forward-looking statements contained in federal securities laws. Shareholders and the investing public should understand that such forward looking statements are subject to risks and uncertainties which could cause actual performance, activities or plans to differ significantly from those indicated in the forward-looking statements.

 

 



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