Key Tronic Corp 8-K, filed Apr 28, 2020
Key Tronic Corp (KTCC)
8-K
2020-04-28
For: 2020-04-27
View Original
Added on
April 06, 2026
About this 8-K
Key Tronic Corp filed this 8-K on April 28, 2020, reporting on events of April 27, 2020.
Items reported
- Item 8.01: Other events
EFFECTIVE APRIL 27, 2020
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) April 27, 2020
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||
(Address of principal executive offices) | (Zip Code) | |||
Registrant's telephone number, including area code (509 ) 928-8000
(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 provision (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
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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. | ¨ | |
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ITEM 8.01 OTHER EVENTS
On April 27, 2020 , Key Tronic Corporation issued a press release announcing that the Company has successfully resumed operations in its Juarez, Mexico facilities after announcing the temporary closure of these production facilities last week. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The information in this Form 8-K including the Exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section and shall not be deemed incorporated by reference into any filing of Key Tronic Corporation under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as set forth by specific reference in such a filing.
ITEM 8.01 OTHER EVENTS
(d) | Exhibits |
Exhibit Number | Description | |
99.1 | ||
SAFE HARBOR STATEMENT. Statements contained in the Exhibit to this report that state Key Tronic Corporation's or its management's expectations or predictions of the future are forward-looking statements intended to be covered by the safe harbor provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. Key Tronic Corporation's actual results could differ materially from those projected in such forward-looking statements. Factors that could affect those results include those mentioned in the documents that Key Tronic Corporation has filed with the Securities and Exchange Commission.
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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.
KEY TRONIC CORPORATION (Registrant) | ||||||
Date: April 27, 2020 | ||||||
By: | /s/ Brett R. Larsen | |||||
Brett R. Larsen, Executive Vice President of Administration, CFO and Treasurer | ||||||
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Exhibit 99.1
FOR IMMEDIATE RELEASE
CONTACTS: | Brett Larsen | Michael Newman | ||
Chief Financial Officer | Investor Relations | |||
Key Tronic Corporation | StreetConnect | |||
(509) 927-5500 | (206) 729-3625 | |||
KEY TRONIC CORPORATION ANNOUNCES MEXICO FACILITIES RESUME OPERATIONS
Spokane Valley, WA— April 27, 2020 — Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced the Company has successfully resumed operations in its Juarez, Mexico facilities after announcing the temporary closure of these production facilities as a result of new restrictions by the Mexican government last week.
Operations resumed today after successfully petitioning the Mexican government to recognize the essential nature of products the Company manufactures. Currently, the Company is ramping operations back up in Mexico while continuing to focus on protecting the health of all of employees by adhering to current health guidelines.
About Keytronic
Key Tronic is a leading contract manufacturer offering value-added design and manufacturing services from its facilities in the United States, Mexico, China and Vietnam. The Company provides its customers full engineering services, materials management, worldwide manufacturing facilities, assembly services, in-house testing, and worldwide distribution. Its customers include some of the world’s leading original equipment manufacturers. For more information about Key Tronic visit: www.keytronic.com.
Some of the statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, words such as aims, anticipates, believes, could, estimates, expects, hopes, intends, plans, predicts, projects, targets, or will, similar verbs and other future tense or conditional verbs, or nouns corresponding to such verbs, which may be forward looking. Forward-looking statements also include other passages that are relevant to expected future events, performances, and actions or that can only be fully evaluated by events that will occur in the future. Forward-looking statements in this release include, without limitation, the Company’s statements regarding closure of its Juarez facilities and related matters, actions by and relating to the Mexican government affecting the Company’s manufacturing facilities, its financial condition and results (including regarding third fiscal quarter of 2020 and future periods), and actions of its customers and other third parties. There are many factors, risks and uncertainties that could cause actual results to differ materially from those predicted or projected in forward-looking statements, including but not limited to: the impact of continuing and new governmental legislation, regulation and other action, including manufacturing restrictions in Mexico and other countries, tax reform, tariffs and related activities, such as trade negotiations and other risks, including those related to COVID-19 response; the future of the global trade and economic environment and its impact on our customers and suppliers, particularly during the COVID-19 health crisis; the availability of components from the supply chain; the availability of the Company’s manufacturing facilities for production and of a healthy workforce; the accuracy of suppliers’ and customers’ forecasts and needs for our services; development and success of customers’ programs and products; timing and effectiveness of ramping and servicing of new programs; success of new-product introductions; acquisitions or divestitures of operations or facilities; technology advances; changes in pricing policies by the Company, its competitors, customers or suppliers; and other factors, risks, and uncertainties detailed from time to time in the Company’s SEC filings.
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