MATERION Corp 8-K, filed Jul 20, 2020
MATERION Corp (MTRN)
8-K
2020-07-20
For: 2020-07-20
View Original
Added on
April 07, 2026
About this 8-K
MATERION Corp filed this 8-K on July 20, 2020.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 8.01: Other events
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) July 20, 2020
(Exact name of registrant as specified in its charter) | ||||
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) |
(Address of principal executive offices) | (Zip Code) | |
Registrant's telephone number, including area code (216 ) 486-4200
Not Applicable
(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:
Securities registered pursuant to Section 12(b) of the Act:
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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 (§204.12b-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 revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐
Item 7.01 Regulation FD Disclosure.
As described further below under Item 8.01, on July 20, 2020, Materion Corporation (the “Company”) issued a press release announcing that it completed its acquisition of Optics Balzers AG, a Liechtenstein corporation (“Optics Balzers”). A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 8.01 Other Events.
As previously disclosed, the Company entered into a Share Purchase Agreement (the “Agreement”) with the shareholders (the “Sellers”) of Optics Balzers on June 6, 2020, pursuant to which the Sellers agreed to sell 100% of the outstanding shares of Optics Balzers to the Company in an all-cash transaction with a total enterprise value of approximately $160 million. On July 17, 2020, subject to the terms and conditions set forth in the Agreement, the transaction was complete.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibit.
Exhibit Number | Description of Exhibit | |
99.1 | ||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
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.
Materion Corporation | ||
July 20, 2020 | By: | /s/ Stephen Shamrock |
Stephen Shamrock | ||
Interim Chief Financial Officer | ||
Exhibit 99.1 MATERION COMPLETES OPTICS BALZERS ACQUISITION MAYFIELD HEIGHTS, Ohio – July 20, 2020 – Materion Corporation announced today that it has completed the previously announced acquisition of Optics Balzers AG. The combination of Materion and Optics Balzers creates a premier optical thin film coating solutions provider with a highly complementary geographic, product, and end market portfolio. Complementary technologies across the electromagnetic spectrum boost the capabilities of the combined business and position Materion to capitalize on key megatrends to drive topline growth. “I would like to extend a very warm welcome to the entire Optics Balzers team,” said Jugal Vijayvargiya, Materion President and Chief Executive Officer. “I am looking forward to the collaboration between our teams to support customers globally and deliver leading edge solutions.” ABOUT MATERION Materion Corporation is headquartered in Mayfield Heights, Ohio. The Company, through its wholly owned subsidiaries, supplies highly engineered advanced enabling materials to global markets. Products include precious and non-precious specialty metals, inorganic chemicals and powders, specialty coatings, specialty engineered beryllium alloys, beryllium and beryllium composites, and engineered clad and plated metal systems. FORWARD-LOOKING STATEMENTS Portions of the narrative set forth in this document that are not statements of historical or current facts are forward-looking statements, in particular, the outlook provided above. Our actual future performance may materially differ from that contemplated by the forward-looking statements as a result of a variety of factors. These factors include, in addition to those mentioned elsewhere herein, our ability to achieve the strategic and other objectives related to the acquisition of Optics Balzers; our ability to successfully integrate the Optics Balzers business; and other factors disclosed in periodic reports filed with the Securities and Exchange Commission. Consequently, these forward-looking statements should be regarded as the Company’s current plans, estimates, and beliefs. The Company does not undertake and specifically declines any obligation to update or publicly release the results of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. Investor Contact: Media Contact: Stephen F. Shamrock John G. McCloskey (216) 383-4010 (216) 218-8305 stephen.shamrock@materion.com john.mccloskey@materion.com