-----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, De/WRVVVv0NxbdIV9345T2RBX3XpZ+zx3MBD4+9DGXV4yJdj3e9G7duainAZcnVq ail6Vts3xNothaNZ3Yw3qw== 0001144204-08-021539.txt : 20080410 0001144204-08-021539.hdr.sgml : 20080410 20080410141656 ACCESSION NUMBER: 0001144204-08-021539 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080410 ITEM INFORMATION: Other Events FILED AS OF DATE: 20080410 DATE AS OF CHANGE: 20080410 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SPECTRUM CONTROL INC CENTRAL INDEX KEY: 0000092769 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679] IRS NUMBER: 251196447 STATE OF INCORPORATION: PA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-08796 FILM NUMBER: 08749648 BUSINESS ADDRESS: STREET 1: 8031 AVONIA ROAD CITY: FAIRVIEW STATE: PA ZIP: 16415 BUSINESS PHONE: 8144744310 MAIL ADDRESS: STREET 1: 8031 AVONIA ROAD CITY: FAIRVIEW STATE: PA ZIP: 16415 8-K 1 v110264_8k.htm
 
EFFECTIVE AUGUST 23RD, 2004

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)
April 10, 2008
 
Spectrum Control, Inc.
(Exact name of registrant as specified in its charter)
 
Pennsylvania 
0-8796
25-1196447
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
     
8031 Avonia Road; Fairview, Pennsylvania
16415
(Address of principal executive offices)
(Zip Code)
   
Registrant’s telephone number, including area code
(814) 474-2207
   
 
(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
   
(d)  Exhibits - 99.1 Press Release of Spectrum Control, Inc. dated April 10, 2008
   
 
On April 10, 2008, Spectrum Control, Inc. issued a press release announcing a $5.0 million increase to its stock buyback program. A copy of the press release is attached hereto as Exhibit 99.1.


 
 

 

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 hereto duly authorized.

 

 
SPECTRUM CONTROL, INC.
 
(Registrant)
     
     
     
Date: April 10, 2008
By:
/s/ John P. Freeman
   
(Signature)
    Senior Vice President
   
and Chief Financial Officer

 
 
 

 
EX-99.1 2 v110264_ex99-1.htm
Spectrum Control Increases Stock Buyback Program

FAIRVIEW, Pa., April 10 /PRNewswire-FirstCall/ -- Spectrum Control, Inc. (Nasdaq: SPEC), a leading designer and manufacturer of electronic control products and systems, today announced a $5.0 million increase to its stock buyback program.
 
Dick Southworth, the Company's President and Chief Executive Officer, stated, "Earlier this year, we activated our stock buyback program. Under this program, which was previously approved by our Board of Directors, Management was authorized to buyback on the open market up to $2.4 million of the Company's Common Stock. During the first quarter of fiscal 2008, we fully expended this $2.4 million authorization and repurchased approximately 245,000 shares of our Common Stock. To continue this stock buyback program, our Board of Directors has authorized an additional $ 5.0 million to be used for stock repurchases. The amount and timing of the actual transactions will be determined based upon Management's ongoing evaluation of the Company's stock price, liquidity, and other relevant factors. We believe the continuation of our stock buyback program is a positive reflection of our future business outlook and strong financial position."

Forward-Looking Information
 
This press release contains statements that are forward-looking statements within the meaning of the Private Securities Reform Act of 1995. These statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by Management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict.

Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors and risks discussed from time to time in the Company's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.

About Spectrum Control
 
Spectrum Control, Inc. designs and manufacturers a wide range of components and systems used to condition, regulate, transmit, receive, or govern electronic performance. The Company's largest markets are military and communications equipment, with applications in secure communications, smart weapons and munitions, countermeasures for improvised explosive devices, missile defense systems, wireless base stations, broadband switching gear, and global positioning systems. For more information about Spectrum Control and its products, please visit the Company's website at http://www.spectrumcontrol.com.

SOURCE Spectrum Control, Inc.
 

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