EX-25.1 7 c86944exv25w1.htm FORM OF T-1 STATEMENT OF ELIGIBILITY OF THE TRUSTEE exv25w1
 

EXHIBIT 25.1



SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM T-1

STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE


o CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b) (2)

WELLS FARGO BANK, NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 

A National Banking Association
(Jurisdiction of incorporation or
organization if not a U.S. national
bank)
  94-1347393
(I.R.S. Employer
Identification No.)
     
101 North Phillips Avenue
Sioux Falls, South Dakota

(Address of principal executive offices)
  57104
(Zip code)

Wells Fargo & Company
Law Department, Trust Section
MAC N9305-175
Sixth Street and Marquette Avenue, 17th Floor
Minneapolis, Minnesota 55479
(612) 667-4608

(Name, address and telephone number of agent for service)


CTS CORPORATION

(Exact name of obligor as specified in its charter)

 

Indiana
(State or other jurisdiction of
incorporation or organization)
  35-0225010
(I.R.S. Employer
Identification No.)
     
905 West Boulevard North
Elkhart, Indiana

(Address of principal executive offices)
  46514
(Zip code)


2.125% Convertible Senior Subordinated Notes due 2024
(Title of the indenture securities)



 


 

Item 1. General Information. Furnish the following information as to the trustee:

  (a)   Name and address of each examining or supervising authority to which it is subject.
 
      Comptroller of the Currency
Treasury Department
Washington, D.C.
 
      Federal Deposit Insurance Corporation
Washington, D.C.
 
      Federal Reserve Bank of San Francisco
San Francisco, California 94120
 
  (b)   Whether it is authorized to exercise corporate trust powers.
 
      The trustee is authorized to exercise corporate trust powers.

Item 2. Affiliations with Obligor. If the obligor is an affiliate of the trustee, describe each such affiliation.

         None with respect to the trustee.

No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.

Item 15. Foreign Trustee. Not applicable.

Item 16. List of Exhibits. List below all exhibits filed as a part of this Statement of Eligibility.

     
Exhibit 1.
  A copy of the Articles of Association of the trustee now in effect.*
 
   
Exhibit 2.
  A copy of the Comptroller of the Currency Certificate of Corporate Existence and Fiduciary Powers for Wells Fargo Bank, National Association, dated February 4, 2004.**
 
   
Exhibit 3.
  See Exhibit 2
 
   
Exhibit 4.
  Copy of By-laws of the trustee as now in effect.***
 
   
Exhibit 5.
  Not applicable.
 
   
Exhibit 6.
  The consent of the trustee required by Section 321(b) of the Act.
 
   
Exhibit 7.
  A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.
 
   
Exhibit 8.
  Not applicable.
 
   
Exhibit 9.
  Not applicable.

 


 

* Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of Trans-Lux Corporation file number 022-28721.

** Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of Trans-Lux Corporation file number 022-28721.

*** Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of Trans-Lux Corporation file number 022-28721.

 


 

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Minneapolis and State of Minnesota on the 28th of July 2004.

     
  WELLS FARGO BANK, NATIONAL ASSOCIATION
 
   
  /s/ Michael T. Lechner
 
 
  Michael T. Lechner
  Vice President

 


 

EXHIBIT 6

July 28, 2004

Securities and Exchange Commission
Washington, D.C. 20549

Gentlemen:

In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

     
  Very truly yours,
 
   
  WELLS FARGO BANK, NATIONAL ASSOCIATION
 
   
  /s/ Michael T. Lechner
 
 
  Michael T. Lechner
  Vice President

 


 

Exhibit 7

Consolidated Report of Condition of

Wells Fargo Bank National Association
of 101 North Phillips Avenue, Sioux Falls, SD 57104
And Foreign and Domestic Subsidiaries,
at the close of business March 31, 2004, filed in accordance with 12 U.S.C. §161 for National Banks.

                 
            Dollar Amounts
            In Millions
ASSETS
               
Cash and balances due from depository institutions:
               
Noninterest-bearing balances and currency and coin
          $ 13,890  
Interest-bearing balances
            6,251  
Securities:
               
Held-to-maturity securities
            0  
Available-for-sale securities
            27,661  
Federal funds sold and securities purchased under agreements to resell:
               
Federal funds sold in domestic offices
            1,436  
Securities purchased under agreements to resell
            170  
Loans and lease financing receivables:
               
Loans and leases held for sale
            29,359  
Loans and leases, net of unearned income
    233,785          
LESS: Allowance for loan and lease losses
    2,629          
Loans and leases, net of unearned income and allowance
            231,156  
Trading Assets
            8,314  
Premises and fixed assets (including capitalized leases)
            2,787  
Other real estate owned
            180  
Investments in unconsolidated subsidiaries and associated companies
            284  
Customers’ liability to this bank on acceptances outstanding
            69  
Intangible assets
               
Goodwill
            7,915  
Other intangible assets
            6,871  
Other assets
            11,217  
 
           
 
 
Total assets
          $ 347,560  
 
           
 
 
LIABILITIES
               
Deposits:
               
In domestic offices
          $ 240,660  
Noninterest-bearing
    78,496          
Interest-bearing
    162,164          
In foreign offices, Edge and Agreement subsidiaries, and IBFs
            15,087  
Noninterest-bearing
    3          
Interest-bearing
    15,084          
Federal funds purchased and securities sold under agreements to repurchase:
               
Federal funds purchased in domestic offices
            18,617  
Securities sold under agreements to repurchase
            3,028  

 


 

         
    Dollar Amounts
    In Millions
Trading liabilities
    4,973  
Other borrowed money
       
(includes mortgage indebtedness and obligations under capitalized leases)
    18,180  
Bank’s liability on acceptances executed and outstanding
    69  
Subordinated notes and debentures
    4,824  
Other liabilities
    9,494  
 
   
 
 
Total liabilities
  $ 314,932  
Minority interest in consolidated subsidiaries
    70  
EQUITY CAPITAL
       
Perpetual preferred stock and related surplus
    0  
Common stock
    520  
Surplus (exclude all surplus related to preferred stock)
    23,424  
Retained earnings
    7,812  
Accumulated other comprehensive income
    802  
Other equity capital components
    0  
 
   
 
 
Total equity capital
    32,558  
 
   
 
 
Total liabilities, minority interest, and equity capital
  $ 347,560  
 
   
 
 

I, James E. Hanson, Vice President of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.

James E. Hanson
Vice President

We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

     
Howard Atkins
   
Dave Hoyt
  Directors
John Stumpf