0001654954-18-013012.txt : 20181120 0001654954-18-013012.hdr.sgml : 20181120 20181120084143 ACCESSION NUMBER: 0001654954-18-013012 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20181120 ITEM INFORMATION: Other Events FILED AS OF DATE: 20181120 DATE AS OF CHANGE: 20181120 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PTC INC. CENTRAL INDEX KEY: 0000857005 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 042866152 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-18059 FILM NUMBER: 181194429 BUSINESS ADDRESS: STREET 1: 140 KENDRICK STREET CITY: NEEDHAM STATE: MA ZIP: 02494 BUSINESS PHONE: 7813705000 MAIL ADDRESS: STREET 1: 140 KENDRICK STREET CITY: NEEDHAM STATE: MA ZIP: 02494 FORMER COMPANY: FORMER CONFORMED NAME: PARAMETRIC TECHNOLOGY CORP DATE OF NAME CHANGE: 19920703 8-K 1 form8-kfrustum.htm FORM 8-K Blueprint
 
 
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)
November 20, 2018
 
PTC Inc.
(Exact Name of Registrant as Specified in Its Charter)
 
Massachusetts
(State or Other Jurisdiction of Incorporation)
 
0-18059
04-2866152
(Commission File Number)
(IRS Employer Identification No.)
 
140 Kendrick Street
Needham, Massachusetts
 
02494-2714
(Address of Principal Executive Offices)
(Zip Code)
 
(781) 370-5000
(Registrant's Telephone Number, Including Area Code)
 
 
(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))
 
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 (§240.12b-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 or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 
 
Section 8 – Other Events
 
Item 8.01.    Other Events
 
On November 20, 2018, PTC Inc. announced that it had acquired Frustum Inc., a Delaware corporation based in Colorado, for approximately $70,000,000 in cash, net Frustum’s debt, on November 19, 2018. PTC drew on its credit facility to fund the acquisition.  Frustum is engaged in next-generation computer-aided design, including generative design – an approach that leverages artificial intelligence to generate design options.
 
The acquisition is not expected to add material revenue in fiscal 2019 or to be dilutive to the financial guidance PTC provided on October 24, 2018.
 
PTC will hold an informational webcast to discuss the acquisition on Tuesday, November 20, 2018, at 11:00 a.m. EST.
 
●
To view the slides, please join the webcast here: https://ptc.zoom.us/s/948384709
 
●
To join the webcast audio only, please call in using:
 
Toll Free: 800-857-5592
 
Toll: 1-773-799-3757
 
Participant passcode: PTC
 
Forward-Looking Statements
 
This Current Report on Form 8-K contains forward-looking statements about the expected effect of the acquisition on our future financial results and are subject to risks and uncertainties that may cause actual results may differ materially from these statements and our expectations, including that the acquisition may not have the expected effect on future financial results due to unanticipated liabilities or to changes in our business plan and those risks and uncertainties described in PTC’s filings with U.S. Securities and Exchange Commission. These forward-looking statements reflect our beliefs as of the date of this release and we undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
 
 
 
 
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.
 
 
PTC Inc.
 
 
 
 
 
Date: November 20, 2018
By:  
/s/ Andrew Miller
 
 
 
Andrew Miller 
 
 
 
Executive Vice President and Chief Financial Officer